Reuters: Gold nears 3-month low on U.S. dollar, rate rise bets

(Reuters) – Gold fell toward a three-month low on Tuesday as the dollar hit a seven-month peak on prospects the U.S. Federal Reserve will raise interest rates in December, while silver and platinum extended losses to multi-week troughs.

A forecast-beating U.S. October employment report on Friday pushed up bets the Fed will increase rates for the first time in almost a decade, sending non-interest paying gold to $1,084.90 an ounce, the lowest level since August.

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