Gold Posts Longest Slump Since Mid-March on Fed Rate Concerns

Updated on
  • Fed officials talking up rate increase, El-Erian says
  • Silver drops on Comex, as palladium, platinum fall on Nymex

Gold Prices Are Still Solid

Gold fell, capping the longest slump in more than two months, as renewed concerns that the Federal Reserve will soon raise interest rates dimmed the demand outlook for precious metals as a store of value.

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