(Bloomberg) -- Gold may fall for the second straight
week on speculation that rising U.S. interest rates will boost the
value of the dollar, reducing the appeal of the precious metal as
an alternative investment.
Ten of the 25 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on June 21 and June 22 advised
selling gold, which fell 0.3 percent last week to $657 an ounce on
the Comex division of the New York Mercantile Exchange. Nine said
to buy, and six were neutral.
Read more at Bloomberg Commodities News
week on speculation that rising U.S. interest rates will boost the
value of the dollar, reducing the appeal of the precious metal as
an alternative investment.
Ten of the 25 traders, investors and analysts surveyed by
Bloomberg from Sydney to Chicago on June 21 and June 22 advised
selling gold, which fell 0.3 percent last week to $657 an ounce on
the Comex division of the New York Mercantile Exchange. Nine said
to buy, and six were neutral.
Read more at Bloomberg Commodities News
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