The Traderszone Network

Published in TZ Latest News 29 January, 2015 by The TZ Newswire Staff

Gold Drops As Fed Signals Yes On Rate Hike

Gold futures fell the most in 13 months and silver posted the biggest plunge since June 2013 as signs of a robust U.S. labor market cut demand for haven assets. The two most-traded gold options were bets on further declines, and prices for the contracts doubled. Aggregate futures trading was 79% above the 100-day average for this time of day, with silver 70% higher, data compiled by Bloomberg show.

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