The world gold prices are dropping Monday, amid the strengthening of the US dollar.
Accordingly, the spot price of gold fell by 0.5 percent to $1,980.42 per ounce.
Gold futures fell by 0.5 percent to $1,989.10 per ounce.
The US dollar rose by 0.2 percent, making dollar-denominated gold less available for holders of other currencies.
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