Gold prices continue to struggle on US rate hike prospects

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Source: Reuters
Prices of the yellow metal edged lower on Tuesday, extending the two-day losing streak, while prospects of the 2015 rate hike in the US are still in place. The bullion declined by 0.57% to $1,125.60 per troy ounce by 08:45 AM GMT. Meanwhile, analysts are pointing out that the precious metal failed to confirm its safe-haven status, as it continues to trade lower amid a risk-off sentiment in financial markets worldwide. 
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Tue, 29 Sep 2015 10:39:07 GMT

Pound advances after seven-day downward trend

Even though the British Pound seems to be climbing up, it nevertheless struggles to end its downward rally against the Greenback and remain at higher levels. Despite the fact that the cable stays bearish, it hovers above the prior week's low of about $1.5130. On Tuesday, the Sterling gained 0.12% to 1.5190 dollars. 

Tue, 29 Sep 2015 08:59:14 GMT

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