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Gold $2,624.43 $1.65 0.06% Silver $29.55 $0.04 0.14% Platinum $933.89 $7.29 0.79% Palladium $937.13 $21.14 2.31%

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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