Gold fell to a near five-week low on Monday as the dollar rose after hawkish comments from a top Fed official, but uncertainty created by the start of talks on the terms of Britain's departure from the European Union prevented deeper losses. Spot gold was down 0.7 percent at $1,244.85 an ounce by 2:35 pm EDT (1835 GMT), after falling below the 100-day moving average to $1,244.27, its lowest since May 17. US gold futures settled down 0.8 percent at $1,246.70.
Elsewhere, palladium was down 0.3 percent at $858.49 an ounce. Prices hovered below a 16-year high but analysts say palladium's gains of more than 25 percent so far this year may not be justified given slowing auto sales. Silver lost 0.3 percent to $16.54 an ounce and platinum slid 0.6 percent to $918.55 an ounce.
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