Gold Price Today Slips as Dollar, Oil Shock Put $5,000 Forecast in Doubt
Gold fell 0.3% to $4,818.03 an ounce Monday, hitting a one-week low as the dollar and U.S. yields climbed. Oil jumped about 5% after renewed U.S.-Iran tensions, cutting into gold’s safe-haven demand. COMEX gold futures open interest rose to 360,881 contracts. Spot silver dropped 0.8% to $80.18 an ounce, platinum fell 1.2%, and palladium slipped 0.3%.