Gold Holds Near 9-Month Low on Course for Worst Quarter in 2014


The latest news today on Gold comes from Bloomberg.

Gold traded near the lowest level in nine months, on course for the first quarterly loss this year, as prospects for higher U.S. borrowing costs boosted the dollar to its best quarter since the financial crisis.

Bullion for immediate delivery traded at $1,216.57 an ounce by 2:24 p.m. in Singapore from $1,215.81 yesterday, according to Bloomberg generic pricing. The metal has declined 8.3 percent since the end of June, dropping on Sept. 25 to $1,207.04, the lowest level since Jan. 2 and within 0.5 percent of erasing this year’s gains that were partly fueled by tensions in Ukraine and the Middle East.

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