Gold is still under pressure on the international financial markets.

On Monday, the price of a troy ounce (about 31.1 grams) on the London commodities exchange fell to $ 1,787.

That was the lowest level since late January.

Already on Friday, the round mark of 1800 dollars was briefly undershot.

Calculated in euros, a troy ounce of gold cost 1716 euros on Monday at the low.

That was the lowest level since the end of March.

The price of gold has been trending downwards since mid-April.

Since then, gold has lost about nine percent in value.

Since the beginning of the year, however, gold has only been slightly in the red.

In a multi-year comparison, the gold price can show significant gains.

For example, over a five-year period, the price increases by 40 percent.

Experts name the rising dollar exchange rate as the current burden.

The US Federal Reserve has been giving the dollar a strong tailwind for a long time thanks to the tighter monetary policy, which is fighting high inflation with significant interest rate hikes.

Since gold is mainly traded in the currency, a rising dollar rate makes it more expensive for investors from other currency areas to buy gold and weighs on their demand.

The commodity experts at Commerzbank also point to weak investor demand of late.

Funds that can be traded on the stock exchange (ETF) have not only demanded less gold in the past few weeks, but have actually sold it, writes expert Daniel Briesemann in a comment.

"In the last three weeks, the outflows add up to 58 tons."

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