The price of gold fell one percent as the dollar rose

Gold prices fell more than one percent on Monday after the US dollar rose. Treasury yields settled near multi-month highs as investors focused on potential peace talks between Russia and Ukraine dented gold’s safe-haven appeal.

Spot gold prices fell 1.2 percent to $1,934.61. US gold futures fell one percent to 1935 dollars.

The dollar index rose to its highest level in more than a week, making gold more expensive for holders of other currencies.

The dollar has benefited from its safe-haven status, and the conflict in Ukraine has raised expectations that the US Federal Reserve will raise interest rates.

US 10-year Treasury yields rose near multi-year highs, helped by expectations of a tightening US Federal Federal Reserve monetary policy.

As for other precious metals, the price of silver in spot transactions fell 1.7 percent to $ 25.08 an ounce, and platinum fell 0.8 percent to $ 994.19, while the price of palladium settled at $ 2335.17 an ounce.