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Gold Reverses Gains Under Pressure From Stronger Dollar

Posted on 18 November 2016

Gold prices close at a five-month low; Janet Yellen said that a rate increase ‘could well become appropriate relatively soon’. Gold prices closed at a five-month low on Thursday, weighed down by a stronger U.S. dollar and expectations for an interest-rate increase as early as December.
Gold for December delivery settled down 0.6% at $1,216.90 a troy ounce on the Comex division of the New York Mercantile Exchange, its lowest close since June 2. The precious metal reversed gains after trading as high as $1,229.30 an ounce on Thursday morning……………………………………..Full Article: Source


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