LONDON: Gold fell on Monday as the dollar firmed and a recovery in risk appetite supported world stock markets near nine-month highs ahead of central bank meetings in the United States and Japan.

Spot gold was down 0.7 per cent at $1,313.96 an ounce at 1400 GMT, while US gold futures for August delivery were down $9.90 an ounce at $1,313.50.

Silver, which fell about 3pc last week, was down 1.1pc at $19.37. Platinum was 0.5 pc lower at $1,071.60 an ounce. Palladium, which hit a near nine-month high on Friday, was down 0.1pc at $679.45.

Source/Credit: Dawn