Gold prices fell in early Monday morning trading as the dollar remained near a 10-day high against the euro, reducing the metal's value as a hedge investment.
August gold fell to $947.50 per ounce, down $10.20 on the session. The more-actively traded December gold dropped $10.70 to $948.80.
The dollar remained in a range against the dollar near its highest levels of August. Last week, the buck had reached a 7 1/2-month low. The greenback also climbed to a 10-day best versus the pound.
The Federal Open Market Committee's interest rate decision is due on Wednesday afternoon. The Fed is expected to leave rates in the current range of 0 to 0.25%, although the monetary policy is expected to be eased in the not-so-distant future.
There is no major economic news on today's calendar. Non-farm productivity and wholesale sales data headlines tomorrow's agenda.
In other metal trading, silver fell 30.8 cents to $14.36 an ounce while copper gained 2.1 cents to $2.8065.
Gold prices finished last week up $2.80 per ounce amid choppy trading. The metal reached a two-month high above $970 earlier in the week.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.