Gold delivers biggest monthly increase in August for seven months


(MENAFN- ProactiveInvestors) Gold futures finished lower for a fifth time in six sessions as investors continued to gauge the likelihood of a U.S. interest-rate hike by year-end.

Gold for December delivery lost 0.1% to settle at US$1132.50 an ounce on the Comex in New York.

The yellow metal saw a monthly gain of around 3.4% which was the largest since January’s 8% surge.

 

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