Gold Retreats From 1-year High As Dollar Gains Ground

Gold fell early on Monday after hitting its highest level in over a year in the previous session, with a recovery in the US dollar reining in any upward momentum in the metal. 
Spot gold was down 0.7 per cent at $1,337.00 an ounce by 0053 GMT. It hit its highest since August 2016 at $1,357.54 the session before. 
US gold futures for December delivery were also down 0.7 per cent at $1,341.70 an ounce. 
The US dollar won a reprieve from risk aversion on Monday after North Korean dictator Kim Jong Un decided to hold a party over the weekend rather than launch another missile, tempering safe havens like the yen and Treasuries. For More Information About Commodity Trading Please Visit : www.paceresearchindia.com and Call : 8817774774