Gold fell to its lowest level in nearly three weeks on Monday, influenced by a large displacement of the largest fund of funds indicators reinforced metal in the world and the lack of further escalation of tension in Ukraine in connection with a so-called sell-off .
And palladium lost more than two percent , extending a decline after the agreed major manufacturers of the metal in South Africa last week to increase the wages of miners in an effort to end the strike and widespread workers .
Silver fell more than one percent decline also affected other precious metals .
The decline in the spot price of gold up 0.4 percent to 1288.72 dollars an ounce at 1917 GMT, after falling earlier to $ 1281.40 to the lowest since the second of April.
The contract fell U.S. gold futures for June delivery $ 5.40 an ounce to settle at 1288.50 dollars.
The markets were closed in Australia , Hong Kong and London on Monday to mark the Feast of the Resurrection.
Analysts said what spooked people is the decline in the holdings of index funds last week .
The Fund saw Gold Trust AG . Th . De largest fund indices enhanced gold in the world – which is a good indicator of investor confidence – the displacement of 9.3 tons last week .
Silver fell 1.2 percent to 19.36 dollars an ounce .
Platinum was down 0.8 percent to hit U.S. $ 1393.30 while palladium fell 2.1 percent to 777.55 dollars an ounce
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