Bengaluru — Gold prices extended declines into a third session on Monday, as the US dollar climbed to a 13-month high against major peers amid financial crisis in Turkey.Spot gold had dropped 0.3% to $1,207.41/oz by 3.35am GMT, hovering not far from a 17-month low of $1,204 hit earlier in August. US gold futures were down 0.3% at $1,215.10/oz.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 July 2017 at 96.505."In an environment of broad dollar strength, gold struggles … but what we clearly see is some support and that comes from uncertainty as equities are negatively affected," said Dominic Schnider at UBS Wealth Management in Hong Kong.Asian shares skidded on Monday and the euro hit one-year lows against the dollar as a renewed rout in the Turkish lira drove demand for safe harbours, including the dollar, the Swiss franc and the yen.The Turkish currency had plunged to a new record...
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