LONDON: Gold fell to its lowest in more than a week on Tuesday as easing concerns over North Korea’s nuclear ambitions and the impact of Hurricane Irma tempered demand for the metal as a haven from risk while the dollar strengthened.
Spot gold hit its lowest since Sept 1 at $1,322.15 an ounce in early trade and was at $1,324.47 by 1400 GMT, down 0.2 per cent. On Monday, it slid 1.4pc in its biggest one-day drop in two months.
Silver was flat at $17.80 an ounce after hitting its lowest since Sept 1 at $17.67. Platinum was down 0.4pc at $986.50, while palladium was 1.6pc higher at $946.50 an ounce.
Published in Dawn, September 13th, 2017