| Settling at $1,065.00 gold is down $110 an ounce or just under 10% from where it was trading just before the Federal Reserve's interest rate announcement last month which opened the door for a rate rise – which would be the first in nine years – when the bank next meets in December.
The likelihood that Fed will raise rates from near zero where they have been since December 2008, before the end of the year prompted large futures speculators or "managed money" investors such as hedge funds to dramatically raise bearish bets on the metal...............................................Full Article: Source
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