28.11.16

Gold prices tumble


Gold prices tumbled to nine-and-a-half month lows on Friday, and ended with a third consecutive weekly decline as investors sold on factors including expectations of a US interest rate rise. Spot gold closed at $1,183.9 an ounce, its lowest since 8 February, as funds took profits on short positions. The precious metal has fallen about 7% so far in November, leaving it on track for its largest monthly fall since June 2013.

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