SINGAPORE: Gold fell more than 1% to its lowest level in four weeks on Thursday, as hope grew that a US strike on Syria could be avoided and on expectations the US Federal Reserve would start to unwind its monetary stimulus soon.
Gold's safe-haven appeal has been dented by diplomatic efforts to place Syria's chemical weapons under international control, which may avert a U.S. military strike.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!