Day: August 10, 2021

Gold heads for weekly gain
Commodity

Gold prices slip to over 4-month low on early US Fed tapering fears

By Administrator_ India Capital Sands Gold slipped to a more than four-month low on Monday as solid U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest-bearing bullion. Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT. In early Asia trade, prices slumped as much as […]

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