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Gold falls below $1,300 to finish at one-week low
Wednesday, 13 June 2018 01:45 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices fell below $1,300 an ounce on Tuesday, as an agreement between the U.S. and North Korea aimed at denuclearizing the Korean Peninsula muted demand for the haven metal, ahead of an expected interest-rate hike by the Federal Reserve.

The move came as a report showed U.S. consumer inflation is trending higher, a signal that markets believe will push the Federal Reserve into raising interest rates this week and possibly again later this year.

August gold fell $3.80, or 0.2%, to settle at $1,299.40 an ounce, after tapping a high near $1,305 during the session.

Source : Marketwatch

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