• Gold prices decline as the dollar strengthens on good data

Market news

12 December 2014

Gold prices decline as the dollar strengthens on good data

Gold prices fell slightly, trimming weekly gains, as the U.S. dollar strengthened and oil prices continued to fall. Strong U.S. economic reports fuelled expectations that the Federal Reserve is going to hike benchmark interest rates earlier in 2015 than expected. Despite recent gains the metal is likely to remain vulnerable in the short term amid a strong U.S. economy and rising interest rates. The precious metal is currently quoted at USD1,225.00 or -0,02 % a troy ounce

GOLD currently trading at USD1,225.00

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