Gold steadies in thin trading

Gold prices hovered near two-month lows in holiday-thinned trading on Monday as the US debt ceiling agreement eased investor worries, while chances of the Federal Reserve raising rates dampened the demand for bullion, reports Reuters.

Spot gold was mostly unchanged at $1,946.28 per ounce by 9:51 am EDT (1351 GMT), while US gold futures inched up 0.1 per cent to $1,945.50.

Spot silver fell 0.5 per cent to $23.20 per ounce, platinum was up 0.4 per cent to $1,026.59, while palladium was mostly flat at $1,423.17.