Gold On Track For Fourth Month Of Losses – 16 July, 2018

Traders are taking their money out of gold and into the dollar as the metal heads for its fourth month in a row loss. For August delivery, gold fell 0.1 percent to $1,239.70 per ounce, its lowest close for the year. The dollar is the haven of choice due to ongoing trade disputes with the U.S. and China, as well as expectations of upcoming higher interest rates from the Federal Reserve.