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Gold declines on strong US$, robust stock markets
Analysts also cite central banks offloading the metal as another reason for the price fall, saying Venezuela, Iran and Libya were key sellers
Add BT as a preferred sourcePublished Sun, May 5, 2019 · 09:50 PM
London
THE price of gold declined to a five-month low of US$1,268 an ounce last week, and even though the price recovered slightly to reach US$1,278 last Friday, the majority of analysts are still nervous.
They blame a strong US dollar and relatively strong global stock markets for the 11 per cent slide in recent weeks.
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