Monday, 17 November 2014

Gold futures edge lower as dollar strengthens

Gold futures edged lower on Monday as investors focused on expectations for the Federal Reserve to hike interest rates next year. The sentiments weakened further as the dollar jumped to a seven-year high against the yen.
Gold futures for December delivery edged down 0.24 percent at $1,182.80 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold fell 0.2 percent to $1,185.14 an ounce. 

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