- Gold declined for a third sesion
Market news
26 August 2015
Gold declined for a third sesion
Gold fell to $1,136.30 (-1.50%) after Chinese stocks rebounded amid actions of the country's central bank and pushed equities in other countries up. On Tuesday the People's Bank of China cut its key lending and deposit rates by 0.25% to 4.6% and 1.75% respectively.
Stronger stocks raise a question of probability of an interest rate hike by the Federal Reserve this year thus putting pressure on bullion.
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