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Gold hits over one-month low

September 29, 2017 00:00:00


LONDON, Sept 28 (Reuters): Gold fell to over one-month lows on Thursday as the dollar rose on expectations of a U.S interest rate hike in December, while platinum was trading at a discount to palladium for the first time since 2001.

Spot gold was down 0.2 per cent at $1,278.36 per ounce at 0607 GMT, after hitting its lowest since Aug. 16 earlier in the session, as strong U.S economic data took sheen off the yellow metal.

US gold futures for December delivery fell 0.5 per cent to $1,281.30.

"Unless North Korea does something, I think gold will be under pressure."


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