Gold prices dropped below $700 an ounce for the 1st time in over a year as rising dollar and stock markets meltdown forced investors to sell the yellow metal in order to pay losses. For full story, click here
In continuation of the last four day’s fall, price of the yellow metal lost another 4 per cent on Friday. The COMEX December futures was near $685 an ounce. Harish Gallipeli, research head, Karvy Comtrade, said: The fall is due to the extended strength in the dollar while liquidity pressure persists. As traders utilize their profits from positions in [...]
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