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10.11.2015 06:13 Gold near three-month low

Gold is currently near a three-month low at $1,091.20 ( 0.28%) amid an imminent Fed's rate hike.

A stronger-than-expected U.S. jobs report, which was released on Friday, added to the speculation that the Federal Open Market Committee could conduct the first rate hike in nearly a decade in December. Higher rates would harm demand for the non-interest-bearing precious metal.

"We may see occasional spurts of buying, but gold remains on a downtrend," an analyst at Huatai Great Wall Futures Co. said.

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