Gold prices fall more than 1 pct to six months low

LONDON: Gold prices extended losses on Friday to hit a six-month low at $1,614.84 an ounce, as a breach of key chart support levels at $1,625, its previous low for the year, and $1,620 triggered technically driven selling.

Softer appetite for the precious metal from investors and dearth of physical demand from China during the Lunar New Year holiday have put the metal on track to slip 3 percent this week.

Spot gold was down 1.2 percent at $1,615.40 an ounce at 1334 GMT, while US gold futures for December delivery were down $20.30 an ounce at $1,615.20.