Thu, 23 Jul 2015 08:31:15 GMT
Yellow metal advances above $1,100 threshold
Gold rallied above the $1,100 level on Thursday, despite the investor bearish outlook on the precious metal, as they believe the Dollar will continue to appreciate. The bullion futures advanced 0.9% to $1,101.9 an ounce by 8:10 AM GMT. On Monday, the yellow metal traded as low as $1,080 an ounce, the lowest level in five years. According to ABN