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Gold $2,685.37 $(18.71) -0.69% Silver $31.30 $(0.65) -2.03% Platinum $972.75 $(23.71) -2.38% Palladium $994.60 $(29.69) -2.9%

Gold languishes at 7-month low on surging dollar, higher US rates

Gold languishes at 7-month low on surging dollar, higher US rates

Oct 2 (Reuters) - Gold fell 1% on Monday, languishing near seven-month lows to kick off the last quarter of the year, as a stronger U.S. dollar and prospects of interest rates staying higher for longer erode bullion’s appeal.

Spot gold was down 0.9% by 0933 GMT to $1,831.81 per ounce, its lowest since March 10. U.S. gold futures slipped 1% to $1,847.50...[LINK]

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