Gold Hovers Near Six-Year Low, Prepares For Another Weekly Decline

Precious-Gold hovered near a six-year low on Friday, preparing for another weekly loss, as investors’ sentiment dominated by the Fed’s interest rate outlook. Investors predict the Fed would begin raising interest rates in December as the recent comments and economic data have raised this possibility. U.S. initial jobless claims for last week fell to a one-month low before the release of the infamous non-farm payrolls report next week.

from Energy and Metal Commentaries http://www.oilngold.com/analysis/commodity-markets-commentaries/gold-hovers-near-six-year-low-prepares-for-another-weekly-decline--2015112731840/