27.08.2015 - Gold Gets Ignored Amid Market Turmoil as Focus Stays on Fed
This week’s turmoil across global markets did little to bring people back to gold as investors ignored the metal’s haven appeal and focused, instead, on the prospect of higher U.S. interest rates. Futures in New York fell for a third straight day, the longest stretch this month, even as global growth concerns spurred the biggest global equity rout in four years. Citigroup Inc. cut estimates for gold, silver and other metals, and investors pulled money from exchange-traded products backed by bullion for the first time in five days...............................................Full Article: Source
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