Gold extends losses as dollar strengthens

Gold prices came under pressure on Monday amid a stronger dollar and a better sentiment among investors, as concerns over Deutsche Bank eased somewhat.

Spot fell for fifth session in a row and bottomed out just below $1,310 an ounce in recent dealings. At time of writing, XAU/USD was trading at $1,310.65/oz, 0.46% lower on the day.

A bounce in US manufacturing activity reported by ISM boosted the dollar across the board. ISM's manufacturing index increased to 51.5 in September, bouncing from 49.4 in August and above the 50.3 expected. 

Elsewhere, silver also fell on Monday, losing around 1.5% to hit  a low of $18.80/oz.