The prices of the yellow metal varied during Monday’s trading after the sharp increase in the price of gold futures on Friday at the conclusion of last week’s trade.
After rising by $ 19. 50, or 1. 2%, to 165.30 dollars an ounce in trading on Friday, gold had a little dip by $ 2. 2, or 0. 1%, to 1654. 10 dollars an ounce by the close of today’s transactions.
The erratic trades occurred today when the dollar price index against other major currencies stabilised.
A further factor in the quiet that persisted in the gold market while waiting for the release of income and personal spending data, which also includes an indicator of inflation, was the absence of any significant economic data from the United States.
The price of gold fluctuates in today’s market.
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