Singapore, Gold prices slid on Monday after hitting a near one-month high earlier, as escalating fears on the situation in the Middle East.

Spot gold fell 0.5% to $1,921.69 per ounce and US gold futures dropped 0.4% to $1,934.40.

Gold, which is seen as a safe investment during uncertain times, hit its highest since Sept. 20 at $1,934.82 earlier in the session, after surging 3.4% on Friday in its biggest one-day rise in seven months.

In other metals, spot silver fell 0.4% to $22.62 per ounce, platinum eased 0.2% to $879.19 and palladium was steady at $1,147.55.

Source: Qatar News Agency