Gold declined for a seventh day in the worst slump since March 2009 as holdings in exchange-traded products shrank, the dollar gained and a U.S. Federal Reserve policy maker said that stimulus may be reduced within months.
Bullion for immediate delivery lost as much as 0.6 percent to $1,377.85 an ounce and was at $1,381.20 at 2:44 p.m. in Singapore. The metal, which fell to $1,369.85 yesterday, the lowest since April 18, is heading for a second weekly loss.
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