Monday 19 October 2015

Gold dips as US data boosts rate hike prospects

Gold extended loses to a third straight session on Monday, as strong data on US consumer sentiment prompted investors to pare bets the Federal Reserve will wait until next year to raise interest rates. Spot gold fell 0.5 per cent to US $1,171.58 an ounce by 0346 GMT, while US gold futures slid nearly 1 per cent. Other precious metals also tracked gold lower....Read More

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