Gold continuing consecutive string of losses
- Published: Dec 28, 2016, 7 AM
Bloomberg News reports gold's performance is maintaining a string of consecutive weekly declines in price counting from early November. The stretch is gold's longest period of decline in more than a year.
The news comes amid indications the Federal Reserve may raise interest rates three times during calendar year 2017 after announcing a small rate hike the week before Christmas.
Investors, according to Bloomberg News, are selling their holdings in exchange-traded funds backed by the precious metal.
MORE RELATED ARTICLES
World Coins Apr 17, 2021, 3 PM
US Coins Apr 17, 2021, 2 PM
US Coins Apr 17, 2021, 11 AM
US Coins Apr 16, 2021, 10 PM