Gold falls 6.5% in July, biggest monthly fall in 2 years
Gold reversed earlier losses on Friday as the dollar fell after weaker-than-expected U.S. data, but prices still fell 6.5 percent in July, marking the biggest monthly decline in more than two years on expectations the Federal Reserve will soon raise rates.
PRECIOUS-Gold rises after US data, set for biggest monthly drop in 2 years
Gold Nears 5-Year Low in Longest Weekly Losing Run in a Decade
Gold logs biggest monthly drop in 2 years
Wall Street Bets Gold Drops Below $1000
Money managers turned collectively bearish on gold last month, the first time that bets on the metal's decline have outnumbered those on rising prices since the Commodity Futures Trading Commission began keeping records in 2006. Some banks are ...
Gold Prices Post Biggest Monthly Loss in Two Years
Wall Street Journal
Gold futures posted their steepest monthly decline since June 2013 after investors slashed gold holdings in anticipation of higher interest rates in the U.S.. On Friday, prices rose as the dollar lost ground to foreign currencies, burnishing the metal ...
Exclusive: Hedge fund mogul Paulson - Gold is now 'fairly valued'
His outlook on gold suggests prices have little room to recover significantly as the Federal Reserve prepares to hike interest rates, probably as early as later this year, but may reassure nervous investors who have speculated whether Western funds ...
Gold's tumble is far from over: Traders
Gold simply cannot catch a break. After spending the year bouncing around five-year lows, the commodity hit a new bottom for that time frame Thursday, trading at about $1,087. And according to some traders, the worst is yet to come. "The long-term ...
Is there a case for holding gold?
Mr Hollands says: ?In a portfolio you might hold gold, or other commodities, for the purposes of diversification. But as diversification is principally about reducing volatility, I'd point out that gold has done little to reduce risk since it is a very ...