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Gold $2,373.85 $(11.7) -0.49% Silver $28.37 $(0.48) -1.66% Platinum $971.66 $(0.31) -0.03% Palladium $1,020.38 $(11.01) -1.07%

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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