Gold fell to a one-week low on Monday, extending losses made in the previous session, as the dollar firmed on worries about Spanish debt yields and the pace of Chinese economic growth, while platinum sank to its lowest level in more than two months. Spot gold lost nearly 1 percent in the previous session, as a selloff in riskier assets spilled over, although bullion still managed to post a 1.7-percent weekly rise - its biggest one-week gain since late February. Weaker-than-expected economic growth in China in the first quarter weighed on financial markets, at a time when the U.S. recovery momentum seems to be slowing and fear about the euro zone debt crisis is resurfacing. "The market in general is feeling a bit risk-averse and we can see commodities weaker across the board," said Nick Trevethan, senior commodity strategist at ANZ in Singapore, adding that gold could fall towards $1,620 if it breaks below the key support level at $1,650.
