Gold prices fell to the lowest in more than a month on Wednesday as the prospect of U.S. interest rates staying higher for longer boosted the dollar.
Spot gold dropped 0.8% to $1,886.290 per ounce, and hit its lowest level since Aug. 22. U.S. gold futures fell 0.8% to $1,904.3.
The dollar stood strong at a 10-month high against a basket of other major currencies, and Treasury yields, although retreating somewhat in European trading, remained near 16-year highs
Source: CNBC
