Gold remains under pressure

Market news

3 August 2015

Gold remains under pressure

Gold is currently $1,095.80 (+0.06%). Expectations of an imminent rate hike in the U.S. continue weighing on the non-interest bearing precious metal. Bullion lost 7% in July, marking its greatest decline since June 2013.

Physical demand remained weak. Potential buyers in China postponed purchases expecting further declines in prices.

Global Stocks: U.S. indices fell and drag Asian stocks down

Options levels on monday, August 3, 2015:

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