World Economy

Gold Near 3rd Annual Loss

Gold Near 3rd Annual LossGold Near 3rd Annual Loss

Gold was steady on Thursday but poised to mark its third straight annual loss, ahead of what is likely to be another tough year with the prospect of higher US interest rates and dollar strength, Yahoo reported. Largely influenced by US monetary policy and dollar flows, the price of gold has fallen about 10% in 2015 as some investors sold the precious metal to buy assets that pay a yield, such as equities. Spot gold was up 0.2% at $1,062.80 an ounce, during the last trading session of the year.