Gold prices fell for a third straight session on Monday, dropping 0.3 per cent to $4,055.73 per ounce, pressured by a stronger dollar near six-month highs and uncertainty over US interest rates. December US gold futures declined 0.7 per cent to $4,052.40. The dollar index hovered above 100, making gold more expensive for foreign buyers, while the probability of a Fed rate cut in December fell to 69 per cent from 74 per cent on Friday. Some Fed officials remain cautious, warning of risks in easing rates further, while gold, a non-yielding asset, generally struggles when interest rates are expected to stay higher. Analysts expect a flat to slightly negative trend in gold over the next few weeks due to limited bullish support and absent geopolitical tensions. Meanwhile, spot silver was steady at $49.99, platinum rose 1.6 per cent to $1,535.85, and palladium added 1.1 per cent to $1,390.13. Attribution: Reuters
