Gold Bounces Off Six-Year Lows As Dollar Takes Breather

Precious-Gold rose on Tuesday, after falling to the lowest level in six years on Monday, as the dollar took a breather after it hit an eight-month high. Gold hit a low of $1073.04 an ounce, while it currently trading at $1071.60, where it opened at $1068.83. Upbeat non-farm payrolls report, rise in inflation and recent comments from Fed officials have supported that the Fed would hike interest rates next month.

from Energy and Metal Commentaries http://www.oilngold.com/analysis/commodity-markets-commentaries/gold-bounces-off-six-year-lows-as-dollar-takes-breather--2015112431816/