Gold slid to $1,176.30 (-0.10%), although many analysts say that a weaker dollar is likely to support this dollar-denominated precious metal.

ANZ reported that physical demand improved with Russia increasing gold purchases for a second month in September. At the same time exports of the precious metal from Hong Kong to mainland China rose 65% on a monthly basis in September to 59.8 tons.

The median gold price forecast by members of London Bullion Market Association's conference suggests bullion to cost $1,159.88 an ounce (slightly lower than nowadays) in October 2016.