Gold Loiters Near Five-Year Low Amid Looming U.S. Rate Decision

  • Palladium declines, heading for biggest weekly drop since 2011
  • Platinum hits seven-year low before erasing metal's losses

Gold traded near a five-year low as investors sold bullion-backed funds amid expectations the U.S. will increase interest rates this year, damping the appeal of the metal.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.