Gold declined to a four-week low and investors cut their holdings in bullion-backed funds to the lowest in two weeks as traders gave even odds that the Federal Reserve will raise interest rates in December. The probability that U.S. policy makers will increase borrowing costs this year has risen to 50 percent, from 43 percent a month ago, according to Fed-fund futures data. Higher rates diminish the metal’s appeal because bullion doesn’t pay interest or give returns like other assets such as bonds or equities. Fed officials signaled last week that they’re still considering tighter monetary policy this year, surprising some investors who had been buying gold on speculation that a spate of uneven economic data and slowing growth in China would delay the move. The metal has dropped almost 4 percent in London this year, set for a third straight annual decline. “Some of those who had previously penciled in a March increase appear to have now chickened out,� Neil Meader, a London-based precious metals consultant at Metallis Consulting Ltd., said by phone. “That seems the most obvious explanation for the correction in the gold price.� Primero Mining Corp (NYSE:PPP) share price decreased in the last trading session with a previous 52-week high of $5.02. The stock traded at a volume of 963,665 shares at a price gain of -5.53% .The share price is now up -26.79% for the past three months. Latest closing price was -16.00% above its 50-day moving average and -35.90% below its 200-day moving average. Rubicon Minerals Corp. (USA) (NYSEMKT:RBY) slumped 3.75 at the end of recent close. Its previous 52-week high was $-90.78%, trading at a volume of 1,415,596. Shares have risen -88.47% over the trailing 6 months. The stock is currently trading -73.96% above its SMA 50 and -85.54% below its SMA 200. Seabridge Gold, Inc. (USA) (NYSE:SA) closed at $7.97, up 1.92% from previous close and at a distance of -1.90% from 20-day simple moving average, earnings per share reached a value of $ -0.16.

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