Today, prices of Gold fell down by 0.88 per-cent as the Fed Reserve signaled a higher expectation of an interest rate increase in the end of the year. The Fed kept interest rates remains same and in a direct reference to its next policy meet put a Dec rate increase firmly in play. December 2015 contract for Gold futures at MCX, were trading at Rs. 26,834 per 10 gms, down by 0.88 % after opening at Rs. 27,040 in against with the last closing price of Rs. 27,073.
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Gold set for biggest weekly drop since August. Gold fell to a three-week low on Friday, extending two days of losses and heading for its biggest weekly drop since August on the chance the U.S. Federal Reserve may still raise interest rates this year. To know more about comex gold tips you can visit MMF Solutions.
GOLD: Gold Expected To Continue To Decline In November, Gold held near its lowest in three weeks on Friday and looked set to post its worst week in nearly two months on expectations that the Federal Reserve would raise US interest rates this year. More downside is expected, analysts and traders said.............
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