Insignia Consultants | Gold extends fall as strong dollar, higher US rates take toll

Gold extends fall as strong dollar, higher US rates take toll

Oct 2 (Reuters) - Gold extended its decline for the sixth straight session on Monday to hit a near seven-month trough, as a robust dollar and prospects of higher U.S. interest rates took the shine off bullion.

Spot gold was down 0.8% by 9:54 a.m. EDT (1354 GMT) at $1,835.40 per ounce, its lowest since March 10. U.S. gold futures slipped 0.7% to $1,853.00.

https://www.reuters.com/markets/commodities/gold-extends-fall-strong-dollar-higher-us-rates-take-toll-2023-10-02/

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