| Gold, silver, platinum and palladium all dropped for a fourth straight day as expectations grew that the U.S. will raise rates this year. The European Central Bank held off on extending stimulus and the Bank of Japan may do the same next week, said Jonathan Butler, a precious metals strategist at Mitsubishi Corp. in London.
Friday’s “move in gold is spilling over into the other metals as well,” Butler said by phone. “We’re not going to see ever-looser monetary policy and it’s not going to get ever-more attractive to hold precious metals into the future.”..............................................Full Article: Source
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