Under the pressure of a stronger dollar, the prices of Gold fell on Monday as investors expected a series of U.S. economic data this week.

Spot gold lost 0.4% at 4,062.96 dollars per ounce at 06:08 GMT. Gold Futures Contracts American for delivery in December fell 0.7% to 4,064.50 dollars the ounce.

According to Tim Waterer, Head Market Analyst at KCM Trade, “the downward revision of interest rate expectations for Fed for next month is effectively putting the brakes on gold from one point of view performance”.

Gold, which does not provide returns, tends to perform well in a low interest rate environment and on time economic uncertainty.

On other markets, Spot silver rose 0.5% to $50.81 per ounce, the Platinum rose 0.5% to $1,548.37 and palladium rose 0.7% to 1,394 dollars.