Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday, as a stronger dollar outweighed the impact of market uncertainty caused by Italy's election result and a potential trade war.
The most active gold contract for April delivery went down 2.4 dollars, or 0.18 percent, to close at 1,330.3 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.06 percent to 90.06 as of 1830 GMT.
Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall.
As for other precious metals, silver for May delivery dropped 5.4 cents, or 0.33 percent, to settle at 16.412 dollars per ounce. Platinum for April went down three dollars, or 0.31 percent, to close at 962.1 dollars per ounce.
The most active gold contract for April delivery went down 2.4 dollars, or 0.18 percent, to close at 1,330.3 dollars per ounce.
The U.S. dollar index, which measures the buck against six rivals, went up 0.06 percent to 90.06 as of 1830 GMT.
Gold and the dollar typically move in opposite directions, which means if the dollar goes up, gold futures will fall.
As for other precious metals, silver for May delivery dropped 5.4 cents, or 0.33 percent, to settle at 16.412 dollars per ounce. Platinum for April went down three dollars, or 0.31 percent, to close at 962.1 dollars per ounce.
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