Precious metals fall

SPOT gold falls one per cent on stronger-than-expected US jobs figures, while platinum is also down one per cent on continued fallout from the VW scandal.

GOLD has hit its lowest level in two weeks and recorded its biggest quarterly loss in a year as US jobs data came in stronger than expected and the market awaited clarity on the timing of a hotly anticipated US interest rate rise.

THAT capped off gold's worst quarter since the third quarter of 2014, having fallen nearly five per cent since July. It was its fifth successive quarter of losses, the longest such streak since 1997.