Gold prices slipped more than 2 per cent on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates.
Spot gold was down 2.5 per cent at $4,372.86 per ounce, as of 0238 GMT, extending losses for a ninth consecutive session. The metal, which fell on Monday to its lowest level since January 2, lost more than 10 per cent last week.
