You are here


Gold retreats after rally but low interest rate view offers support

Gold tends to benefit from lower interest rates, which cut the opportunity cost of holding non-yielding assets.

New York

GOLD eased on Friday last week as investors cashed in some of the previous day's 2 per cent gains, though expectations that rock-bottom interest rates would persist served to keep prices above US$1,225 an ounce.

Spot gold was down 0.04 per cent at US$1,231.43 an ounce at 2...