Gold Hovers Below Two-Week Low As Investors Weigh Fed Rate Hike

Precious-Gold traded near its lowest level in more than two weeks on Monday as investors weighed whether the Federal Reserve would raise interest rates this months. The yellow metal hit a low of $1117.65 an ounce, while it currently trading at $1123.16, after opening at $1123.33. The U.S. jobs report released on Friday failed to give a clear-cut clues about September’s liftoff, as while employers added fewer than forecasts jobs, unemployment dropped to a fresh seven-year low.

from Energy and Metal Commentaries http://ift.tt/1M5bnks