Wednesday, 5 August 2015

Gold struggles near 5 ½ yr low as Fed comments strengthens dollar

Gold hovered near a 5-1/2-year low on Wednesday as the dollar strengthened after comments from a Federal Reserve official backed expectations that the US central bank would hike interest rates as early as next month. Atlanta Federal Reserve president Dennis Lockhart has said it would take "significant deterioration" in the US economy for ..... Read More

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