As the dollar strengthened near its Highest levels in six months, gold prices fell for the third consecutive session on Monday. Investors were waiting for more clarity on the trajectory of American interest rates.

The spot gold price was down by 0.4 % at $4,045.58 per ounce, at 5:36am GMT.

American gold futures for deliveries in December fell by 0.9% to $4,042.50 per ounce.

According to Jigar Trivedi, Senior Research Analyst at the broker Reliance Securities, “the dollar index is approaching its highest levels in the last six months, it is above 100 and if he continues to trade above 100, this will exert pressure additional on gold prices.”

According to Trivedi, “the three to five The next few weeks should be marked by a fairly stable trend, or even negative, for gold, because no major and significant support should be expected come and support buyers in the absence of geopolitical tensions.”

Elsewhere, the cash price has fallen From 0.1% to $49.95 per ounce, platinum rose 1.5% to 1,533.85 dollars and palladium rose by 1.3% to 1,391.26 dollars.