Gold Weakened on Probable Higher Fed Rates

Thursday, 21/06/2018 | 07:49 GMT-0

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Gold dropped versus the U.S. dollar that gained momentum thus strengthening amid the U.S. Fed confirming upcoming higher interest rates. The precious metal reached its six month low areas.

Gold Futures to $1,267.40 a Troy Ounce
In the New York Mercantile Exchange on the Comex division, gold futures for delivery in August approached $1,267.40 a troy ounce declining 0.56% or $7.10.

The U.S. dollar index traded at 94.92 rising 0.15%. The Platinum Futures aimed at $863.40 an ounce falling 0.84% and the Silver Futures to $16.225 a troy ounce decelerating 0.52%.

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Source: https://www.exclusivecapital.com/gold-weakened-on-probable-higher-fed-rates/

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