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 so far.
Investors were already looking to U.S. jobs data on Friday as the dollar hit a four-week high against the yen JPY= and pinned Britain's sterling GBP= firmly to a three-decade low. [FRX/]
European shares endured a choppy session. Beaten-down banking stocks .SX7P provided the biggest boost, while reports of a takeover sent German lightbulb maker Osram (OSRn.DE) to a record high [.EU].... read more

6 October 2016 in World News, Views: 27
Source: Reuters

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