Gold falls 2% with the rise of the dollar

Gold recorded a drop in the beginning of the trading week in the financial markets

Gold falls 2% with the rise of the dollar

Gold drop two percent on Monday, with the rise of the dollar and investor appetite for risk, but the precious yellow metal is still higher than $ 1200 per ounce after a rally this month pushed prices to their highest levels in a year.

And it contributed to concerns about the financial stability and re-evaluate expectations for higher US interest rates to achieve the gold better than most asset performance since the beginning of the year and posted a gain of 15 percent.

The decline in gold on the spot market two percent to $ 1204.30 an ounce by 1113 GMT. And record gold simple losses last week, with profit-taking after surging to $ 1260.60 on 11 February.

The dollar rose 0.7 percent against a basket of major currencies, supported by strong data from the United States on Friday and the rise of European equities to their highest levels in months.

And silver rose 2.1 percent to $ 15.02 an ounce, platinum rose 2.2 percent to $ 922.76 an ounce, while palladium fell 0.1 percent to $ 479.95 an ounce

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