Gold Slips On Nervousness Over Fed Policy Outlook

Gold prices fell on Friday, reflecting tension between a global backdrop of easier interest rates and the chance of U.S. monetary policy being tightened before the end of the year.

Spot gold slid 0.6% to $1,323.22 an ounce by 1416 GMT, on course for a weekly decline of about 1 %.


Bullion has benefited significantly - hitting its highest in two years this month - as central banks from Europe to Japan keep policy looser for longer, which neutralises the opportunity cost of holding an asset that does not pay interest.

 

 SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22 percent to 963.14 tonnes on Thursday.

 

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