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Gold hits 5 years lows

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 13, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Markets The rising optimism over the increased possibility of a US interest rate rise in December hasthreatened Gold and led to the precious metal collapsing down to five-year lows at $1074. Gold has been a victim to sharp changes in sentiment as after appreciating over $80 on repeated pushed back US interest rate expectations in October; the metal experienced a vigorous selloff in November which may follow through to December. The direction of Gold continues to be dominatedby US

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