Monday, 31 August 2015

Gold slips as US rate hike expectations drag

Gold edged lower on Monday, stretching last week's losses on concern that the Federal Reserve is on course to raise interest rates this year despite recent market turmoil. Spot gold was down 0.2 per cent at US $1,131.30 an ounce by 0107 GMT, after dropping more than 2 per cent last week in its steepest decline in five weeks. US  gold for December delivery eased 0.3 per cent to US $1,131.10 an ounce....Read More

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