Monday 1 May 2017

Gold falls after dollar firms on deal to fund U.S. government

Gold fell on Monday after the dollar edged up as U.S. congressional negotiators hammered out a deal on a spending package to keep the federal government funded through September.  

                                                         FUNDAMENTALS

* Spot gold dropped 0.3 % to $1,264.06 per ounce, as of 0236 GMT. 

* Gold, last week, saw its biggest weekly percentage fall since the week of March 10, ending about 1.2% lower. 

* U.S. gold futures eased 0.2 % to $1,265.20 an ounce. 

* The dollar index rose 0.1 % to 99.118. [USD/] 

* U.S. congressional negotiators have hammered out a bipartisan agreement on a spending package to keep the federal government funded through the end of the current fiscal year on Sept. 30, a senior congressional aide said on Sunday. 

 

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