| Gold prices are sliding as investors look to move their money to take advantage of a hike in US interest rates later this year. Gold for December delivery has lost more than 3% of value – the biggest drop since December 2013.
At US$1,265 an ounce, the price has rebounded a little but is still down on the $1,350 an ounce price of a month ago. To try to stem the flow of money out of gold, trade body The World Gold Council is arguing that higher interest rates may not result in a lower gold price.........................................Full Article: Source
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