Gold fell 3.1% in May

Gold ended Tuesday with losses, while it ended May with a negative sign, completing two consecutive falling months as the rally of the US dollar has hit the attractiveness of the precious metal.

In particular, the August gold contract lost $ 8.90 or 0.5% and closed at $ 1,848.40 per ounce, ending the month with a total loss of 3.1%. The ICE US Dollar Index, which tracks the US currency against a six-currency basket, climbed to a near 20-year high earlier this month, putting strong pressure on the yellow metal.

Silver suffered the biggest losses, with the July contract falling 40.8 cents or 1.8% to $ 21,688 per ounce. July copper, meanwhile, rose 0.5 percent to $ 4.3275 a pound.

As for the rest of the metals, July platinum jumped 2.7% to $ 968.30 per ounce, while palladium in September lost 2.4% to $ 2,006.30 per ounce.