LONDON: Gold slid around 1 per cent to its lowest in two months on Thursday, extending losses to a fifth session on a firm dollar and after slightly better than expected US jobless claims fed expectations for an early interest rate hike.
US policymakers debated whether interest rates should be raised earlier given a surprisingly strong job market recovery, minutes from the July meeting of the Fed’s rate setting committee showed on Wednesday.
Published in Dawn, August 22nd, 2014
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