Khaberni - Gold continued its decline on Monday, affected by the rising dollar, amid investor anticipation of Kevin Warsh's approach, the nominee of US President Donald Trump to chair the Federal Reserve (the US central bank) regarding interest rate cuts, while silver recovered from its lowest level in more than three weeks recorded on Friday.
Gold in spot transactions fell 1.5% to $4793.97 per ounce by 00:46 GMT after touching its lowest level in more than a week on Friday.
Gold had recorded an unprecedented high level at $5594.82 on Thursday.
US futures contracts for gold for February delivery rose 1.6% to $4818.10 per ounce.
