19.11.2015 - Gold price near six-year low – and outlook remains weak
The gold price dropped even further yesterday, tumbling to a near six-year low of $1,064 an ounce in Asian trading overnight, as a shift back into risk assets following the Paris attacks continued the yellow metal's downward slide. US inflation data, which showed consumer prices returning to growth and rising by 0.2 per cent in the year to October, is another factor in gold's latest slump. The official figures were above analyst expectations, adding further weight to the argument that the Federal Reserve may decide to raise interest rates at its final meeting next month.............................................Full Article: Source
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