Gold Slides Below $1,200 in Longest Losing Run Since October
- Bullion declines as investors reassess outlook for U.S. rates
- Investors awaiting non-farm payrolls data for guide on policy
Linn Group’s Epstein Says Gold Is Not Looking Bullish
This article is for subscribers only.
Gold dipped below $1,200 an ounce in its longest losing run since October as positive U.S. economic figures reinforce expectations that yields on other investments will rise this year.
Bullion for immediate delivery fell as much as 0.3 percent to $1,197.70, the lowest since Jan. 31, and was at $1,198.57 at 9:22 a.m. in Singapore, according to Bloomberg generic pricing. The metal is down 2.9 percent this week after dropping on all five days as yields on 10-year Treasurys extended gains, making non-interest bearing assets less attractive.