Gold Poised For Weekly Drop On A Likely Fed Rate Hike

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 11, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Gold dropped on Friday and was poised for a weekly loss on a highly predicted interest rate increase by the Federal Reserve next week. The precious metal hit a low of $1065.73 an ounce, while currently trading around 1069.30, compared to the session’s opening at $1071.52. Some investors preferred to[​IMG]

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