25.11.201602:25:00UTC+00Gold Reaches 9-½ Month Low on Strong Dollar

Gold shed one percent to hit its lowest level in 9-½ months, with the dollar extending its gains against the yen. Spot gold fell 0.1 percent at $1,182.28 per ounce.

U.S. gold futures were down 0.6 percent to $1,181.8 an ounce. The dollar index rose 0.1 percent at 101.790. Bullion lost more than eight percent so far in November and has last more than $160 per ounce since the high following the U.S. election. Top consumer China's net gold imports through the main conduit Hong Kong increased 15.8 percent in October to its highest in three months, data has shown.