The prices of precious metals dropped on Monday, with gold decreasing by 2.4%, as the United States dollar strengthened and investors shifted away from safer assets after US President-elect Donald Trump's expansionary fiscal outlook. Anticipation of key economic data releases this week also prompted investors to turn to riskier assets.
Gold fell by 2.41% at 10:15 am ET to sell for $2,621.15 per ounce. Silver slid by 2.14% at 10:16 am ET, selling for $30.61 per ounce. Meanwhile, platinum grew by 0.19% and sold for $972.77 per ounce at 10:18 am ET, while palladium slipped by 0.49%, going for $976.93 per ounce.
