03.06.2016 - Gold Prices Pull Back Amid Interest Rate Concerns
Investors will be watching Friday’s U.S. jobs report for signs the economy is strong enough for the Fed to raise rates. Gold prices closed lower on Thursday, after swinging between gains and losses as investors weighed the possibility that the Federal Reserve will raise interest rates in June. Gold for June delivery settled down 0.2% at $1,209.80 a troy ounce on the Comex division of the New York Mercantile Exchange, and traded as high as $1,214.90 earlier in the session...............................................Full Article: Source
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