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Gold Nudges Lower as Dollar Holds Firm

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Singapore, October 05 (QNA) - Gold prices eased on ​Monday as the US dollar firmed, giving back some of their earlier gains, although losses were limited after ‌recent soft economic data sharply reduced expectations of a Federal Reserve rate hike in October.

Spot gold fell 0.3% at $4,131.61 per ounce. US gold futures for December delivery lost 0.1% to $4,159.30.

The US ​dollar index rose 0.6%, making dollar-denominated metals more expensive for holders of ​other currencies.

Among other metals, spot silver gained 0.9% to $60.94, platinum was up 0.5% to $1,706.18 and ​palladium fell 0.2% to $1,165.40. (QNA)

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