17.07.2015 - Gold falls as precious metals hit by stronger dollar
Gold has fallen to an eight-month low as precious metals struggle in the face of a strengthening US dollar. As bullion declined to $1,142.9 a troy ounce on Thursday, platinum — used in jewellery and catalysts in diesel cars — hit a six-year low, while palladium touched levels last seen in late 2012. Analysts say the weakness for gold is being driven by expectations of a US central bank interest rate increase, bolstering the dollar, while weak physical demand in China, the world’s largest consumer, has also hurt sentiment. Traditionally a haven investment, gold has also failed to react to uncertainty in Greece or the slump in China’s stock markets in the past month...............................................Full Article: Source
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