Gold declined further

Market news

1 October 2015

Gold declined further

Gold declined to $1,111.80 (-0.30%) after a stronger-than-expected 200,000 increase in the number of employed in the U.S. intensified expectations for a rate hike by the Federal Reserve this year. A more anticipated U.S. payrolls report is due tomorrow. A strong report could put additional pressure on bullion.

Higher interest rates would decrease demand for this non-interest-bearing precious metal.

Oil prices rose despite rising crude inventories in the U.S.

Global Stocks: U.S. indices climbed over the session, but fell over the quarter

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