LSE: Gold Loses Shine As Fed Speakers Hint At Rate Hike
WASHINGTON (Alliance News) - Gold futures turned lower Tuesday morning after big gains in previous two sessions.
Prices have jumped more than 5% his month, but a number Federal Reserve speakers insisted they want to raise interest rates by year's end, a move that will strengthen the dollar.
Yesterday, Federal Reserve Bank of Atlanta President Dennis Lockhart said a better US jobs market warrants tightening.
Fed Vice Chairman Stanley Fischer said almost the same thing Sunday.
