Gold gets cheaper after the dollar rises

Gold declined after the dollar appreciated against other major currencies as a result of the surprisingly good results of the historic meeting between Trump and Kim Chen Un.
The spot price of gold fell 0.2 percent to $1,297 per ounce, and the precious metal futures with delivery in August lost 0.1 percent to $1,301.50 per ounce.
The dollar has been a major driver of the movement in the price of gold and other precious metals lately. The reduction in geopolitical tensions, however, has an additional impact on the direction of the shiny metal, according to Daniel Hines, an analyst at ANZ.
The price of gold is at serious resistance at levels of 1300-1305, as well as support from Asian buyers when it approaches $ 1,290 per ounce.
For other metals, silver fell 0.3 percent to $ 16.83 and platinum was traded at about $ 903 per ounce.