Gold rebounded above $1215 on weak Dollar
May 14th 2015
Gold steadied near a five-week
high on Thursday amid the decline of the US Dollar against a basket of major currencies.
After the release of disappointing US .S. retail sales data which dampened speculations
that the Federal Reserve would not raise its interest rates soon. And it may be
delayed until the end of this year or on the next year. Furthermore, the demand
for the yellow metal as a safe-haven assert has been increased amid the heavy
sell-off of the government bonds.
