Singapore, September 02 (QNA) - Gold fell on Wednesday to its lowest in more than three weeks, as the escalating Middle East conflict lifted oil prices and stoked inflation and rate-hike fears, while investors focused on upcoming US jobs data.
Spot gold was down 0.6% at $4,304.01 per ounce, its lowest since August 7. Prices were headed for a fourth straight session of losses and remained below the 200-day moving average, a closely watched technical level.
US gold futures for December delivery fell 1% to $4,350.80.
Among other metals, spot silver lost 1% to $63.60 per ounce, platinum edged 1% lower to $1,722.23 and palladium fell 1.4% to $1,292.21. (QNA)