Gold prices fell on Monday, amid concerns over rising inflation and expectations that interest rates will remain at elevated levels for a longer period.
Spot gold dropped 0.6 percent to $4,684.32 per ounce, while US gold futures for June delivery declined 0.8 percent to $4,692.70.
Among other precious metals, silver rose 0.7 percent in spot trading to $80.88 per ounce, platinum fell 0.6 percent to $2,042.71, and palladium decreased 0.4 percent to $1,484.99.
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