WASHINGTON (dpa-AFX) - Gold prices drifted lower on Monday as the dollar moved closer to a 2-year high.
The dollar index climbed to 108.28 before easing to around 108.10, still more than 0.4% up from previous close.
Gold futures for December closed down $16.40 or about 0.6% at $2,612.30 an ounce.
Silver futures for December settled higher by $0.228 or about 0.77% at $29.888 an ounce, rising for a second straight session.
Copper futures for December dropped by about $0.0189 or 0.45% to $4.0230 per pound.
Gold prices moved higher on Friday, snapping a six-day losing streak, as the dollar eased after data showing a slowdown in PCE inflation raised hopes of a few rate cuts by the Federal Reserve in 2025.
Geopolitical tensions and political uncertainty in some major European nations, and tariffs threats by U.S. President-elect Donald Trump contributed as well to the yellow metal's upmove on Friday.
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