Gold prices subdued as dollar holds firm near 13-month high

By Apeksha NairBENGALURU (Reuters) - Gold prices extended declines into a third session on Monday, as the U.S. dollar climbed to a 13-month high against major peers amid financial crisis in Turkey.Spot gold had dropped 0.3 percent to $1,207.41 an ounce by 0335 GMT, hovering not far from a 17-month low of $1,204 hit earlier in August.

U.S. gold futures were down 0.3 percent at $1,215.10 an ounce.The dollar index, which measures the greenback against a basket of currencies, was little changed at 96.414, after climbing to its highest since early.....

This article is no longer available in our repository.

There could be multiple reasons for this.