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Trading news
Gold extends losses to $1,212.00 a troy ounce
Gold extended its losses for the fourth straight trading session, thus dropping to five-month lows, following Trump's election as the next U.S. President.
Gold lower to $1,212.00
The precious metal's December delivery, on the New York Mercantile Exchange on the Comex division, declined to $1,212.00 a troy ounce.
Amid the latest optimism that Trump's administration could spike inflation and economic growth, due to an increase in tax cuts and fiscal spending, the commodity fell more than 3% last Friday.
The investors and the speculators are currently predicting that the rate hike has a chance of 81.1% to take place.
Moreover, elsewhere, silver futures traded at $17.34 a troy ounce, declining 0.21%, whereas copper futures escalated 2.23% to $2.565 a pound.
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Monday, 14 Nov, 2016 / 1:42
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