Gold near one-month low

Singapore
Gold held near a one-month low on Thursday and looked likely to drop below the $1,100-an-ounce level after Federal Reserve Chair Janet Yellen bolstered market expectations for a US interest rate hike in December.
Yellen pointed to a possible December interest rate lift-off and laid out what now appears the base case at the US central bank - that low unemployment, continued growth and faith in a coming return of inflation means the country is ready for higher interest rates.
Another Fed official voiced similar opinions, sending non-interest-paying bullion lower for a sixth straight session on Wednesday. Spot gold had ticked up 0.2 percent to $1,109.10 an ounce by 0627 GMT, staying close to the previous session's low of $1,106, the weakest since Oct. 2.
Gold is about $30 shy of a 5-1/2-year trough of $1,077 hit in July. It has lost nearly $60 over the past six sessions.