Gold price dips below $5,000 in holiday-thin trade as dollar firms; Fed minutes next
Gold dropped 1.3% to $4,976.37 an ounce Monday, falling below $5,000 as a stronger dollar and thin holiday trading weighed on prices. U.S. markets and China’s Shanghai Futures Exchange were closed for holidays, limiting liquidity. Spot silver slipped 0.6% to $76.92, while platinum and palladium moved less than half a percent each. Traders cited profit-taking and a lack of new catalysts.