Gold hovered near its lowest in three months on Tuesday after sharp overnight losses as the dollar traded at 14-month highs against a basket of major currencies, dimming the metal's appeal as a currency hedge.
FUNDAMENTALS
Spot gold was little changed at USD 1,255.20 an ounce by 0028 GMT. The metal closed down 1 percent on Monday, after earlier hitting USD 1,251.24 - its lowest since June.
The dollar was boosted after a Federal Reserve study on interest rates and as the sterling was pressured amid ongoing jitters that Scotland could vote to secede from the United Kingdom.
Spot gold was little changed at USD 1,255.20 an ounce by 0028 GMT. The metal closed down 1 percent on Monday, after earlier hitting USD 1,251.24 - its lowest since June.
The dollar was boosted after a Federal Reserve study on interest rates and as the sterling was pressured amid ongoing jitters that Scotland could vote to secede from the United Kingdom.
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