Gold prices fell more than 1 percent on Monday, the biggest one-day drop since late January, as a sharp rally in US equities triggered profit-taking after bullion briefly rose to a six-month high earlier in the day. Spot gold was down 1.2 percent at $1,365 an ounce by 3:35 pm EDT (1935 GMT), having earlier hit its highest since September 9 at $1,391.76.
US COMEX gold futures settled down $6.10 at $1,372.90 an ounce, with trading volume on track to finish in line with its 30-day average, preliminary Reuters data showed. Among other precious metals, silver fell 1.4 percent to $21.13 an ounce. Platinum edged down 0.1 percent to $1,460.50 an ounce, while palladium rose 0.4 percent to $769.25 an ounce.