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12.11.2015 06:47 Gold near three-month low

Gold is currently at $1,087.50 ( 0.24%) near a three-month low amid an imminent Fed's rate hike.

Physical demand picked up. According to the World Gold Council, total bar and coin demand advanced by 33% during the third quarter to 295.7 tonnes, led by a 70% year-on-year growth in Chinese investment. Jewelry demand rose by 6% to 631.9 tonnes (the highest level for Q3 since 2008).

Meanwhile global gold supply rose 1% on an annualized basis to 1,100.1 tonnes. Mine supply rose 3% to 847.8 tonnes, while recycled gold fell 6% to 252.3 tonnes.

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