| Gold prices hit a 3-week low as investors decided to plough into riskier asset classes - like stocks. Basically, investors decided they did not need to hide in safe haven asset classes like gold because data shows that the world's largest economy, the US, is performing pretty well and the Federal Reserve is literally to hike interest rates again later this year.
At one point on Thursday, gold fell to a low of $1,310.70 a troy ounce, a level not seen since June 24. It has since retraced some of those losses but price gains are still under pressure..............................................Full Article: Source
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