The Attractiveness of Gold is Declining Due to The Recovery of The Dollar and Stocks

Gold prices fell and are heading to record the largest decline in nearly two weeks, with the decline in the metal’s attractiveness due to the recovery of the dollar and stocks.

And gold fell in spot transactions 0.4% to $ 1800.96 an ounce. And US gold futures fell 0.6% to $1799.30 an ounce.

Asian stocks rose after Wall Street hit a record high on Sunday, while the dollar index rose 0.1%, having fallen over the previous two sessions.

Analysts said that gold may be supported by concerns related to the delta strain that may slow the pace of global economic recovery and the continuation of monetary easing policies.

In terms of other precious metals, silver fell 0.4% to $25.89 an ounce, palladium fell 0.2% to $2802.68 an ounce, while platinum lost 0.9% to $1093.58.