Gold prices ended the U.S. day session modestly lower and hit a two-week low Monday. Follow-through selling following Friday’s down day was featured. The precious metals markets have taken a hit in the aftermath of a stronger-than-expected U.S. employment report released last Friday that puts a Federal Reserve interest rate hike this year back on the table. December Comex gold was last down $2.50 an ounce at $1,341.90. September Comex silver was last down $0.007 at $19.81 an ounce.
Gold prices ended the U.S. day session modestly lower and hit a two-week low Monday. Follow-through selling following Friday’s down day was featured. The precious metals markets have taken a hit in the aftermath of a stronger-than-expected U.S. employment report released last Friday that puts a Federal Reserve interest rate hike this year back on the table. December Comex gold was last down $2.50 an ounce at $1,341.90. September Comex silver was last down $0.007 at $19.81 an ounce.
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