Fri, 31 Jul 2015 09:00:16 GMT
Gold continues its downturn, suppressed by strong Greenback
Bullion prices dropped on Friday as traders expanded selling rally, holding gold prices below the psychological resistance level of $1,100. The yellow metal prices hovered slightly above $1.080 by 07:10 AM GMT. Meanwhile, relatively strong GDP data from the US kept the door opened for a rate hike in September. Therefore, analysts anticipate further downside in bullion, which could test