Gold Trades Near Three-Month Low On Fed Rate Hike Expectations

Precious-Gold traded near its lowest level in three months on Monday as the dollar hit a seven-month high on mounting speculations the Fed would hike interest rates next month. Last week, the non-farm payrolls, which is mainly used as a guide by the Fed before making any change in monetary policy, showed strong figures to raise bets on December's liftoff. American employers added 271,000 jobs last month, while the unemployment rate fell to the lowest level in in 7-1/2 years, the NFP released on Friday showed.

from Energy and Metal Commentaries http://www.oilngold.com/analysis/commodity-markets-commentaries/gold-trades-near-three-month-low-on-fed-rate-hike-expectations--2015110931706/