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Gold took a hit on Monday, dipping back below $1,300 an ounce, as investors kept one eye on what’s going on in geopolitical hotspots and the other looking ahead to what Federal Reserve Chairwoman Janet Yellen might say at the end of the week.
Gold for December delivery GCZ4, +0.12% shed $6.90, or 0.5%, to $1,299.30 an ounce, the first time the precious metal closed below $1,300 since Aug. 5. September silver SIU4, +0.13% rose 11 cents at $19.64 an ounce.
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