Gold closes at 2-month low

Gold prices fell on Wednesday, to close at a 2-month low, as precious metals were weighed down by the dollar's strength.

This comes despite the lingering uncertainty about the future steps by central banks around the world, led by the US Federal Reserve, as economies need every support they can get to face coronavirus.

Data showed today the US services PMI fell to 54.6 points in September, but came slightly higher than forecasts of 54.5, while the manufacturing PMI rose to 53.5 points in September vs. 53.1 in August.

The dollar index rose against a basket of currencies by 0.3% to 94.2 points as of 19:30 GMT, after it hit a high of 94.2 and a low of 93.9.

Gold December futures lost 2.1% or $39.20, to close at the lowest level since July 24 at $1,868.40 an ounce, after hitting today's high at $1,909.9 and the low at $1,863.2.