The price of gold continued to plummet for a second session Monday morning after the U.S. Securities and Exchange Commission (SEC) filed fraud charges against Goldman Sachs, a major player in commodities markets, Friday.
Gold for June was down $8.8 to $1,128.10 an ounce, after rising to its 4-month high last week. Gold fell nearly 2% Friday after the lawsuit against Goldman Sachs was announced.
Friday, the SEC accused Goldman Sachs of defrauding investors by misstating and omitting key facts about a financial product tied to sub-prime mortgages.
Meanwhile, the U.S. dollar was trading firm versus the euro and the British pound in morning deals.
Elsewhere, the prices of silver and platinum were also ticking lower.
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August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.