Gold fell to the lowest in five years as speculation that U.S. policy makers will raise interest rates next month helped boost the dollar, curbing the metal’s appeal as an alternative asset.
The greenback climbed as much as 0.3 percent against a basket of 10 currencies on Friday to near the highest since at least 2004. Odds that the Federal Reserve will increase rates next month for the first time since 2006 advanced to 72 percent on Friday, from 35 percent a month ago, Fed-fund futures data show.
