Fri, 03 Oct 2014 08:31:03 GMT
Improving U.S. economy continues to dampen gold's prospects
Gold extended its weekly decline as investors continued to eye the possibilities concerning the increase of the U.S. interest rates which would lessen gold's appeal as a safe haven investment. Gold for immediate delivery lost 0.3% to $1,211.06 per ounce, adding to its total losses of 0.6% this week. On September 30, gold was at $1,204.57, its lowest in 2014.