Gold Hits Four Month Low on U.S. Fed Minutes

Reuters reported that gold continued to fall on Friday, pushed down by 2.2 percent in early trading by minutes from the U.S. Federal Reserve that raised concern over monetary policy.

As quoted in the market report:

Spot gold was down 1.97 percent at $1,630.25 per ounce at 1201 GMT, after earlier falling to its lowest since late August at $1,625.79. It was heading for its sixth week of losses – the longest such run since June 1999.

To view the whole Reuters report, click here.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Copper
Gold - Bullion
Gold - Production/Mining
Gold - Project Generators
Gold - Prospecting and Exploration
+ see more
Gold - Resource Definition/Pre Feasibility
Gold - Resource Expansion/Feasibility Study/PEA
Silver - $0-15m

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply