| Metal had been as $1,230 a troy ounce earlier in session; silver also loses ground. Investors have hammered the metal in recent weeks, as better economic data made a December rate increase by the Federal Reserve more likely and political uncertainty faded after U.S. presidential elections.
Gold struggles to compete with yield-bearing investments when rates rise. Some investors also use the metal as a haven during tumultuous times, believing it holds its value better than other assets when markets get rocky...............................................Full Article: Source
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