Asia Precious Metals Correspondent, Singapore
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Oct 2, 2014
Oct 2, 2014
Oct 2, 2014
Oct 2, 2014
Oct 1, 2014

Gold struggles near 9-month low; platinum hits 5-year trough

SINGAPORE (Reuters) – Gold extended losses on Wednesday to trade near a nine-month low and looked likely to break below the key $1,200-an-ounce level, clobbered by a stronger dollar and lack of support from top buyer China.

With the dollar at a four-year peak against a basket of major currencies, other precious metals also took a hit. Platinum tumbled to a five-year low, while silver retained sharp overnight losses to trade at its lowest since March 2010.

Oct 1, 2014
Oct 1, 2014
Sep 30, 2014
Sep 30, 2014

Gold poised for worst month in fifteen on dollar strength

SINGAPORE (Reuters) – Gold held steady above a nine-month low on Tuesday as Asian equities remained unsettled by political unrest in Hong Kong, but was poised to post its sharpest monthly loss since June 2013 as a rapid climb in the dollar dimmed its appeal.

The precious metal is down about 5.5 percent for the month after hitting a nine-month low of $1,206.85 last week. Gold is also on track to post its first quarterly loss of the year, though it is still up about 1 percent for the year.

Sep 30, 2014
    • About Ananthalakshmi

      "Anantha is responsible for Reuters' gold coverage in Asia, the biggest consumer of the precious metal. Based in Singapore, she tracks the day-to-day market movement of gold prices during Asian hours, fund flows and central bank purchases. She also covers the physical markets in key buyers China and India. Anantha used to cover U.S. companies earlier from Bangalore."
      Joined Reuters:
      2008
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