Bengaluru — Gold prices fell on Monday on revived hopes of a US-North Korea summit, while a strong dollar also weighed on the market. Spot gold was down 0.3% at $1,297.71 an ounce at 2.43am GMT, while US gold futures for June delivery fell 0.5% to $1,297.10/oz. "It looks like there is some chance of a meeting between the US and North Korea leaders, that would lower the geopolitical risks and lessen the appeal of gold," said John Sharma, an economist with National Australia Bank. A strong dollar was also pressuring prices, he said. The dollar index, which measures the greenback against a basket of six major currencies, stood at 93.996, not far from 94.248 hit on Friday, its highest since November 14. Donald Trump said on Sunday that a US team had arrived in North Korea to prepare for a proposed summit between him and Kim Jong-un. "Risk sentiment has opened in a much friendly place this morning as a relief rally has ensued with the Trump-Kim summit back on, while the EU is in the mids...

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