LONDON, Oct 24: Gold slipped in Europe on Monday from the previous session’s level when it spiked due to a bomb scare in the United States, with market players keeping an eye on currency movements and consumer demand.

Spot gold fell to a low of $462.75 a troy ounce on Monday from $466.50/467.25 in New York late on Friday, but the metal later recovered and traded at $463.80/464.55.

It rose in the US market on bargain hunting and safe-haven buying triggered by a bomb scare near the US Capitol building in Washington DC. But gold is still well below a recent near 18-year high of $480.25 an ounce.

Gold fell early on Monday with a rise in the dollar against the euro. The dollar-priced metal generally falls with a strong dollar, as gold becomes costlier for holders of other currencies.

Silver eased to $7.60/7.63 an ounce from $7.64/7.67 late in New York. —Reuters