The Gold dropped to the lowest level in 4 months

The Gold dropped to the lowest level in 4 months

Mar 10 2015

After the release of upbeat U.S jobs data during the last week, the Dollar has witnessed a significant rebound against the Euro and Yen. And the strong Dollar has also affected the safe-haven demand of the Yellow metal, in fact, the Gold declined to the lowest level in almost 4 months ($1155 per ounce), on growing expectations that the Federal Reserve may raise its interest rates sooner than expectations by the mid of this year.

                                     

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