Gold Loses Some of Its Luster in Asia – Wall Street Journal

HONG KONG—Gold buying in Asia has moderated after a weak monsoon has damped demand in rural India ahead of the festival season and Chinese buying has eased following the recent surge.

The precious metal is trading at $1,107.41 per troy ounce, nearing its lowest in a month, after coming under pressure from a stronger dollar because of growing investor expectations that the U.S. Federal Reserve may raise interest rates soon.