Gold Trades Near Six-Year Low, Set For Fourth Weekly Drop

Precious-Gold extended its losses for a fourth straight session on Friday, trading near its lowest level in nearly six years on mounting expectations the Fed would hike its interest rates next month. With the absence of important economic data from the United States, the sentiment remained in favor of seeing the first interest rate increase in nearly a decade in December. However, later in the day, U.S. retail sales for October is predicted to grab attention, where it may signal a 0.3 percent growth.

from Energy and Metal Commentaries http://www.oilngold.com/analysis/commodity-markets-commentaries/gold-trades-near-six-year-low-set-for-fourth-weekly-drop--2015111331736/