| The price of gold is hovering around the $1,100 mark after hitting five-and-a-half year lows last week. Gold mining stocks bounced back on Monday morning after gold prices recovered from five-and-a-half year lows. On Friday, gold prices plunged to an intra-day low of $1,077 as investors offloaded the metal amid expectations that the US Federal Reserve will soon raise interest rates, thus making it a less attractive investment.
But after five consecutive weeks in negative territory, the gold spot price crept back towards the $1,100 mark on Monday morning as the weaker dollar helped it recover. However, investors and analysts indicated they were not convinced by the improving gold price...............................................Full Article: Source
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