Metals: Gold falls as investors bet on higher interest rates

Metals: Gold falls as investors bet on higher interest rates

Gold prices fell for the fifth day in a row May 13, as the prospect of higher interest rates outweighed concerns about political risk. Gold for August delivery was recently down 0.4% at $1,263.80 a troy ounce on the Comex division of the New York Mercantile Exchange, on track for its lowest close since May…

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