TeleTrade - Analytics

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    03.08.2015 06:47 Gold remains under pressure

    Gold is currently $1,095.80 ( 0.06%). Expectations of an imminent rate hike in the U.S. continue weighing on the non-interest bearing precious metal. Bullion lost 7% in July, marking its greatest decline since June 2013.

    Physical demand remained weak. Potential buyers in China postponed purchases expecting further declines in prices.

     


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