Skip to content
Subscriber Only

Gold Falls Near Two-Week Low as Fund Holdings Drop a Second Day

  • Investors seek more signs of Fed rate increase after jobs data
  • Comex volume declines by two-thirds as U.S. marks Labor Day
Gold Bars Inside The Korea Securities Depository Ahead Of Launch Of Gold Trading Platform At Korea Exchange
SeongJoon Cho/Bloomberg
Updated on

Gold fell to near the lowest in more than two weeks as investors sold metal from exchange-traded products for a second day.

The metal slid as much as 0.4 percent after sinking for a third day Friday when data showed the U.S. jobless rate fell to 5.1 percent in August, the lowest since April 2008, adding to the case for the U.S. Federal Reserve to raise interest rates. The Fed will decide whether to raise rates next week.