Gold falls more than 3% on US rate hike expectations
<p>London: Gold prices fell more than 3 percent on Monday to their lowest level in more than seven weeks, as rising oil prices fueled inflation concerns and increased expectations that US interest rates will remain high.</p> <p>Spot gold fell 3.3 percent to $4,146.51 per ounce after hitting its lowest level since August 5.</p> <p>US gold futures also fell 3.3 percent to $4,178.40 per ounce.</p>…
We haven't written up this one. The Peninsula Qatar Business has the full story — the link below goes straight to it.
