Gold Falls Fifth Time in Six Sessions on Revived Rate Concerns

August 31, 2015 1:49 PM

48 0

Gold futures declined for the fifth time in six sessions as comments by a Federal Reserve official reignited concern that U.S. interest rates will climb this year.

Fed Vice Chairman Stanley Fischer said over the weekend there is "good reason" to believe inflation will accelerate, boosting speculation that the central bank won’t delay its first rate increase since 2006. Stubbornly low inflation along with the prospect of tighter U.S. monetary policy has kept a ...

Also read: Ray Allen, Jason Kidd, Steve Nash Among 2018 Basketball Hall of Fame Finalists

Read more

To category page