Skip to content
Subscriber Only

Gold Sets 9-Month Low After Silver Enters Bear Market on Dollar

  • Gold tumbles to lowest since February, eroding 2016’s advance
  • Fed seen hiking rates next month ahead of Trump taking office
Video player cover image

What's Ahead for Gold in 2017?

Updated on

Gold is getting trampled, and silver entered a bear market.

Bullion sank to the lowest level since February on speculation that prospects for economy-boosting policies by U.S. President-elect Donald Trump will lead the Federal Reserve to raise interest rates. The dollar reached the highest level in more than a decade and U.S. equities hit new records. Silver fell for a second day after closing more than 20 percent below the Aug. 2 settlement.