Gold prices dip as US rate hike expectations rise
Gold fell on expectations that the US Federal Reserve will raise interest rates this month, while other precious metals saw mixed movements.
Key Takeaways
AIGold prices declined on Monday following expectations that the US Federal Reserve will raise interest rates this month.
Spot gold dropped 0.3% to $4,412.73 per ounce, while US gold futures for December delivery fell 0.4% to $4,458.70 per ounce.
Among other precious metals, spot silver rose 0.2% to $66.30 per ounce, platinum slipped 0.4% to $1,827.70, and palladium gained 0.2% to $1,389.26.