The Traderszone Network

Published in TZ Latest News 6 March, 2015 by The TZ Newswire Staff

Rate-Hike Fears Send Gold Down By Most In Year

The more the U.S. economy improves, the worse things get for gold bulls. Bullion erased its 2015 gains and slumped the most in more than a year Friday after a government report showed American employers added more jobs than forecast in February. The unemployment rate dropped to the lowest in almost seven years. Holdings in exchange-traded funds backed by gold headed for the biggest weekly decline since November.

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