Spot gold prices touched their lowest since Jan. 1 at $1,204.40 an ounce. Though gold managed to recoup earlier losses, the metal is still down about 6 percent for the month with a quarterly drop of around 9 percent, marking the sharpest monthly loss since June 2013 and first quarterly loss this year. The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September.
Platinum was down 0.1 percent at $1,298.50 an ounce and set for a 12 percent quarterly drop. Palladium fell 2.3 percent to $768.10 an ounce, having touched a five-month low earlier and posted a 14 percent monthly loss, its biggest since September 2011.
See full story on reuters.com