Demand for gold remains weak as Fed rate hike approaches

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Source: WBP Online
The yellow metal was hovering near its five-year lows on Monday amid weak physical demand and traders' bearish mood in light of rate hike prospects in the US. Futures for gold edged 0.02% lower to $1,094.7 per ounce by 06:40 AM GMT. Analysts say the Fed could start to normalize its monetary policy already in September; however, some claim that the rate increase is likely to occur in December.
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Mon, 03 Aug 2015 08:21:07 GMT

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