Reported 1 day ago
Gold is on track for its first consecutive weekly loss this year, with prices around $3,240 an ounce, as traders reduce bets on US interest rate cuts following stronger-than-expected factory activity data. The precious metal's safe-haven appeal diminished as optimism in markets grew from robust tech earnings and potential trade negotiations, despite ongoing concerns about a challenging business climate ahead. Gold remains significantly higher this year, having peaked above $3,500 last week.
Source: YAHOO