“The weakness in gold is due to today’s comments by Boston Federal Reserve President Eric Rosengren that the Fed should hike rates sooner rather than later. This is notable since Mr. Rosengren is considered a dove,” said Mike Armbruster, co-founder of Altavest.
June gold GCM6, +0.56% shed $4.20, or 0.3%, to settle at $1,219.30, its lowest close since Feb. 22. Gold prices had ended the first quarter up 16.4%—the best gain in a calendar quarter since 1986. The SPDR Gold Trust GLD, -0.67% fell 0.6% to 116.38.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment