Gold prices fell to the minimum session amid the rise in the dollar

By 17:45 GMT, June gold futures at COMEX, a division of the new York Mercantile exchange, sagged by $5.50 or about 0.42% to $1308.60 per Troy ounce.

Last week, gold prices fell to a low of two months and recorded the third week of decline in a row.

The us dollar index, which shows the dollar’s purchasing power against a trade-weighted basket of six major currencies, rose 0.53% to 93.10 — the highest value this year.

The appreciation of the dollar leads to a decrease in demand for gold and other commodities traded in the dollar, making them less accessible to holders of other currencies.