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Gold futures extend losses


Chicago: Gold futures on the COMEX division of the New York Mercantile Exchange extended losses on Tuesday as a new round of expectations that Fed will raise interest rates lifted the US dollar.

The most active gold contract for December delivery fell $8.00 (0.71 percent) to settle at $1,124.80 per ounce, reported Xinhua news agency.

As for the other metals, silver for December delivery lost 46.50 cents (3.05 percent) to close at $14.756 per ounce.

Platinum for October delivery was lower $36.20 (3.72 percent) to close at $937.50 per ounce.

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