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.

Gold Bullion
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

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

Otis-Gold-LogoOtis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.

Leave a Reply