LONDON: Gold rose on Monday on softer global shares after disappointing data from China, but the metal was still near an eight-month low ahead of a Federal Reserve policy meeting.

Gold benefited from low interest rates in the years after the credit crisis, with investors encouraged to put money into the non-interest-bearing metal.

Spot gold fell to its lowest since January at $1,225.30 an ounce in earlier trade, recovering to $1,233.40 by 1414 GMT, up 0.4 per cent.

Silver was down 0.2pc at $18.56 an ounce, having touched its lowest since June 2013 on Friday.

Published in Dawn, September 16th, 2014