XAUUSD 15min

Long positions Precious metals were distinctly downbeat on Monday morning, with gold, silver, platinum and palladium all down, following a rebound in the US dollar (DXY), as well as increased speculation of the US Federal Reserve continuing its aggressive interest rate raising plan.

Gold fell 1.2% to $1,780 per troy ounce this morning, drawing back on the gains of last week, but still boasting a monthly rise of more than 4%.