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Gold set to post third yearly loss in a row

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 31, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - Gold traded little changed during the last session of the year but remained on track to post monthly and yearly declines.

    February gold was less than 0.1% higher at $1,061.30 an ounce. The yellow metal is set to score a 1.4% weekly loss, a 0.5% monthly decline and a 10% fall for 2015, making this the third yearly loss in a row.

    The yellow metal has been under pressure during 2015 amid a stronger dollar heading into the Federal Reserve lift-off and broad weakness in commodities amid worries about China’s economy.
    For more information, read our latest forex news.
     

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