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ForexLive Americas FX news wrap: Gold hits 5-year low

Discussion in 'Market News' started by ForexLive, Nov 18, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for US trading Nov 17, 2015: - S&P 500 down 3 points to 2050 - Gold down $13 to $1069 - WTI crude down 89-cents to $40.87 - US 10-year yields flat at 2.27% Gold was the focus on Tuesday as it fell as low as $1065, breaking the low set in July. It's been a dramatic decline for gold -- it hit the highest levels since June just one month ago and is down in 21 of the past 24 days. The heavy selling began after the Oct 28 Fed and the inability to hold a bounce on terrorism fears yesterday was another signal to sell.

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