Gold Remains Near Five-Year Low On Fed Rate Hike

Precious-Gold continued to trade near its lowest level since 2010 on increasing bets the Federal Reserve would begin raising interest rates next month. Data released on Tuesday showed that U.S. consumer prices soared for the first time in three months, recording 0.2 percent, giving more room for the Fed to hike the borrowing cost in December. The low inflation remains one of the key hurdles facing major central banks, and therefore the rise in U.S. inflation could help policymakers in their liftoff pursuit.

from Energy and Metal Commentaries http://www.oilngold.com/analysis/commodity-markets-commentaries/gold-remains-near-five-year-low-on-fed-rate-hike-2015111831776/