Gold prices fell more than 1 percent on Tuesday and were set for their biggest monthly decline since October 2008. Spot gold declined 1.5 percent to $3,956.92 per ounce by 02:21 GMT, shedding 12.7 percent so far in the month in what would be its fourth straight monthly fall. US gold futures for August delivery lost 1.7 percent to $3,969.30. Spot silver fell 2 percent to $57.13 per ounce, platinum lost 1.1 percent to $1,557.21 and palladium slid 0.4 percent to $1,208.17. All three metals were headed for quarterly and monthly losses.
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