Category: Gold Update

Gold prices are approaching 3-week lows.

On Thursday, gold prices remained close to three-week lows as a larger-than-expected rise in private payrolls in the United States in July fueled speculations on further monitory policy tightening and increased the value of the currency and bond yields. *U.S. dollar will maintain its position versus the majority of foreign currencies over the next three months as a robust domestic economy supports hopes interest rates would remain…