Gold Hits New Lows: Is This A Good Time To Buy?

Gold barsGoldline.com

Gold prices fell this week, pressured by a stronger dollar and expectations that, despite weakness in the U.S. economy, the Federal Reserve will raise interest rates.

“Gold slid to an eight-week low on Friday and was heading for a fourth consecutive weekly drop as growing speculation that the Federal Reserve will press ahead
with interest rate hikes hurt investor demand. The metal fell for seven straight sessions to Thursday, its longest run of losses in more than six months, after minutes of the Fed’s latest policy meeting indicated last week that a rate rise may be on the cards sooner rather than later...Read more

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