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- Gold prices decline on speculation the FED is moving closer to an interest hike
Gold prices decline on speculation the FED is moving closer to an interest hike
Gold prices fell in today's trading, cutting previous weeks gains that were fuelled by slumping oil prices and a decline in global stock markets, amid speculations the FED is going to raise interest rates as the U.S. economy grows. Investors are looking forward to the upcoming FED meeting later in the week on Wednesday. The precious metal is currently quoted at USD1,210.20 or -0,91 % a troy ounce, still above the important key-level of USD 1200.
GOLD currently trading at USD1,210.20
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