Saturday, 17 January 2015

Daily Gold News of 19th January 2015

Gold News

Gold

Gold prices fell by 0.19 percent on Friday at the domestic markets as a result of shifting sentiment on the dollar and the timing for a rate hike as widely expected by the Federal Reserve later this year. Further, New York Federal Reserve’s index of manufacturing conditions improved at a faster rate than expected in January, easing concerns over the strength of the economy suggesting that the Federal Reserve may raise interest rates as increasing interest rates doesn’t bode too well for gold prices.

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