Gold loses shine as Fed feelings lift dollar



Growing expectations that U.S. interest rates will rise before the end of the year lifted the dollar and bank shares on Thursday but took the shine off gold, one of the year's best- performing assets.
Investors were already looking to U.S. jobs data on Friday as the dollar hit a four-week high against the yen in early European trading. Sterling remained near a three-decade low.
European shares had a choppy start. Beaten-down banking stocks provided the biggest boost, while reports of a takeover sent German lightbulb maker Osram to a record high.
Although German industrial orders data came... read more

 
6 October 2016 in World News, Views: 36
Source: Reuters
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