Gold closes at lowest level since July

Gold prices fell sharply on Monday, to hit nearly 2-month low, as the US dollar rallied against most of it peers.

The US currency jumped today due to growing safe-haven bids, amid sharp losses in the stocks, which attracted investors to the greenback and pushed them away from precious metals.

It's noteworthy that the US Federal Reserve announced last Wednesday keeping the interest unchanged between zero and 0.25%.

The dollar index rose against a basket of currencies by 0.7% to 93.5 points as of 20:44 GMT, after it hit a high of 93.7 and a low of 92.7.

Gold December futures lost 2.6% or $51.5, to close at the lowest level since July 26 at $1,910.6 an ounce, after hitting today's high at $1,962.9 and the low at $1,885.4.