Gold near five-year low amid looming US rate decision

 Gold traded near a five-year low as investors sold bullion-backed funds amid expectations the US will raiseinterest rates this year, damping the appeal of the metal Stock Market Trading Tips

Gold slid as much as 0.4 per cent and traded down 0.1 per cent at $1,083.85.

Yesterday, it reached $1,074.25, the lowest since February 2010, and is down for 11 of the past 12 days.

Gold is heading for a third annual loss as investors brace for the first US interest rate increase since 2006 when Federal Reserve officials meet next month Himanshu Tiwari Astrologer Blog