• +1 (312) 549-9986

Gold $2,516.79 $11.76 0.47% Silver $28.45 $0.14 0.49% Platinum $945.85 $3.37 0.36% Palladium $974.90 $26.38 2.78%

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]

Leave your comment