(Bloomberg) -- Gold may fall for a second-straight
week on speculation that higher global interest rates will
reduce demand for the precious metal as an alternative
investment.
Seventeen of the 36 traders, investors and analysts
surveyed by Bloomberg from Sydney to Chicago on June 7 and June
8 advised selling gold, which fell 3.9 percent to $650.30 an
ounce last week on the Comex division of the New York Mercantile
Exchange. Ten said to buy, and nine were neutral.
Read more at Bloomberg Commodities News
week on speculation that higher global interest rates will
reduce demand for the precious metal as an alternative
investment.
Seventeen of the 36 traders, investors and analysts
surveyed by Bloomberg from Sydney to Chicago on June 7 and June
8 advised selling gold, which fell 3.9 percent to $650.30 an
ounce last week on the Comex division of the New York Mercantile
Exchange. Ten said to buy, and nine were neutral.
Read more at Bloomberg Commodities News
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