Gold declined to the lowest level in 3 months ahead of
the Fed meeting
Mar 16 2015
The
Gold remains trading near the lowest level in 3 months at the beginning of
Monday trading session. The prices were affected by the recover of the U.S
Dollar, ahead of the Federal Reserve meting due
on Wednesday Mar
18. And it is considered as the main event for this week, as the investors are
looking for further clues about when the bank will hike its interest rates.
Spot gold slipped
toward $1155 per ounce , and during the last week , the yellow metal hit its
lowest since December at $1147.10 per
ounce after strong U.S. jobs data has
increased speculations that the Fed
would increase rates by the mid of this year means in June.
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