Gold prices dropped on Monday after US consumer spending data pointed to a strengthening economy, but losses were limited as pro-democracy protests in Hong Kong added to worries about growth in China. "It's hard to see any major upside from here. From a macro point of view, the attention is pretty much focused on the strength of the US economy and the dollar," said Mitsubishi Corp strategist Jonathan Butler. Spot gold was down 0.2 percent to $1,217.20 an ounce by 2:14 pm EDT (1814 GMT).
US COMEX gold futures for December outperformed spot, settling up $3.40 at $1,218.80 an ounce. Among other precious metals, silver fell 0.5 percent to $17.53 an ounce, just above a four-year low of $17.30 hit on September 22. Platinum edged up 0.6 percent to $1,304.49 an ounce, after earlier hitting its lowest since June 2013 at $1,289.90. Palladium gained 1.9 percent to $785.20 an ounce.
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