LONDON, June 8: Gold prices fell for the fourth day in a row on Thursday, touching a seven-week low as the dollar rose on stronger-than-anticipated US jobs data and expectations of a US interest rate rise.
The losses meant gold had slid by more than $100, or 15 per cent, from its 26-year high of $730 an ounce hit on May 12.
The market is concerned that the (US) Federal Reserve will raise interest rates further. —Reuters
