Gold
recovered from its previously heavy losses
May
04 2015
The Gold prices
have recovered slightly from 3 consecutive days of loses. In fact, the Gold
dropped sharply hitting $1170 per ounce on Friday, after the release of upbeat
U.S industrial production data.
Then at the
beginning of Monday trading session, the Gold recovered slightly above $1185 per
ounce. However, it remains trading near a six-week low, as the investors
continued to wonder when the Federal Reserve will hike its interest rates. The
markets are also monitoring the release of major U.S. economic
data for this week, including the Nonfarm payrolls report due on Friday
8th of May.
