The Wall Street Journal: Gold ends lower as Fed seen adopting hawkish stance

Gold prices finished in negative territory Monday as the dollar strengthened and as investors favored assets perceived as risky over so-called havens.

Gold has been plagued by a downbeat tone in the wake of recent signals from the Federal Reserve for at least one more increase to interest rates this year in what has been interpreted as an upbeat outlook on the world’s No. 1 economy. That view sent the yellow metal down for a second-straight week last week because higher rates make gold and other commodities, which don’t bear yields, less appealing.

August gold GCQ7, -0.76% fell $9.80, or 0.8%, to $1,246.70.

>>> Original Source <<<