Gold retains slide as traders shift focus back to Fed rate hike
November 17, 2015 1:03 am
Gold held a five-day slide on speculation the Federal Reserve is on course to increase interest rates next month.
Bullion for immediate delivery closed at $1,083.63 an ounce, previously $1,082.76. The yellow surged as much as 1.3% as investors mulled the deadly terror attacks in Paris last week that killed at least 129 people, before inching 0.1% lower.
The preliminary increase in gold prices on the light of “safe-haven flows has since been almost entirely unwound,” said Australia & New Zealand Banking Group Ltd.
The material has been provided by InstaForex Company – www.instaforex.com
Gold held a five-day slide on speculation the Federal Reserve is on course to increase interest rates next month.
Bullion for immediate delivery closed at $1,083.63 an ounce, previously $1,082.76. The yellow surged as much as 1.3% as investors mulled the deadly terror attacks in Paris last week that killed at least 129 people, before inching 0.1% lower.
The preliminary increase in gold prices on the light of “safe-haven flows has since been almost entirely unwound,” said Australia & New Zealand Banking Group Ltd.
The material has been provided by InstaForex Company – www.instaforex.com
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