Reuters reported that gold hit a two-week low on Friday, as fewer investors were seeking safe haven in the investment.
As quoted in the market report:
Concerns over the stability of the bloc’s financial sector had supported demand for gold as a haven from risk. On Friday its failure to rise along with a stronger euro and gains in equities, which have typically boosted prices in the past year, exacerbated investors’ lack of confidence, traders said.
Get our expert guide to gold investing!
Click here to discover what the experts see coming in 2016 and beyond with our INN Insider's Report (value of $49) for FREE.
Limited time offer. No credit card required.