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Gold Falls on Firm Dollar, Fading Fed Cut Bets

New york: Gold prices declined on Monday as the US dollar held near a six-month high and expectations for a Federal Reserve interest rate cut in December receded. Spot gold fell 0.3% to $4,051.48 per ounce, while December futures edged up 0.7% to $4,049.50 per ounce.

According to Qatar News Agency, among other precious metals, spot silver slipped 0.3% to $49.86 per ounce. Platinum rose 1.1% to $1,527.25, and palladium increased 0.7% to $1,384.18 per ounce.

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