Bengaluru — Gold slipped to its lowest in nearly seven weeks early on Monday as the US dollar rose and equities gained, while the growing expectation for a Federal Reserve interest rate increase in December also added to pressure. Spot gold was down 0.3% at $1,274.90/oz by 3.53am GMT, after earlier touching its lowest since mid-August at $1,273.55. US gold futures for December delivery shed 0.5% to $1,277.80. The metal recorded its biggest monthly decline so far this year in September, despite netting a quarterly rise of nearly 3% partly due to geopolitical tension, including North Korea’s missile tests. "The dollar is a bit stronger this morning and put gold under pressure first thing this morning so we took out Friday’s low. China’s out for Golden week so it’s just moving on the back of what the dollar yen’s doing," a Hong Kong-based trader said. "Gold might just keep drifting lower until the Chinese return. There’s nothing really to excite gold at the moment." US President Donald...
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