Gold Set For Third Weekly Declined Ahead Of Fed Policy Meeting

Precious-Gold traded near its lowest level in four weeks on Friday, set for a third straight weekly decline, as progress in U.S. labor-market data raised expectations the Fed would raise interest rates next week. The yellow metal hit a low of $1107.22 an ounce, while it currently trading at $1108.26, after opening at $1110.90. Job openings in the United States increased 430,000 in July to a seasonally adjusted 5.8 million, the highest level since 2000, where jobs openings rate soared to 3.9 percent, the Labor Department data showed on Wednesday.

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