Gold at multiyear low

Singapore
Gold and silver languished near their lowest level in six years on Tuesday, while platinum dipped to a seven-year low on a strong dollar and growing expectations that the Federal Reserve would increase US interest rates next month.
Outflows from exchange-traded funds backed by the metals, all non-interest-paying assets, as investors position for a rate hike are also hurting prices.
Spot gold ticked up 0.1 percent to $1,070.30 an ounce by 0330 GMT, but not too far from last week's low of $1,064.95, the weakest since February 2010.
Silver eased 0.4 percent, after slumping to $13.86 on Monday, the lowest since August 2009. Platinum on Tuesday hit $835.55, its lowest since December 2008. "Speculators expect a rate rise next month, so people are dumping their gold.
The longs are liquidating," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers Ltd in Hong Kong, adding that a reversal in dollar strength could help prices.