Weekly Fundamentals - Gold at 6 Years' Low as Fed Further Signaled Rate Hike in December

Gold prices declined to fresh 5.5-year low last week as hopes of Fed funds rate hike in December continued to play in the market. Generally firm US macroeconomic data also supported the view. CME's 30-day Fed Fund futures have priced in a 73.6% of a December rate hike on Friday. On the fundamentals, it appears that the demand outlook has improved as gold prices lowered.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-gold-at-6-years-low-as-fed-further-signaled-rate-hike-in-december-2015112131797/