Gold extends losing streak, trades at 2-week low on strong dollar

Spot gold hit a two-week low of US$1,284.80 an ounce and traded down 0.5% on the day at US$1,285.81 at 0324 GMT. US gold was down about US$8 at US$1,287 - EPA Photo.

SINGAPORE: Gold extended losses to a fifth session on Thursday, dropping to a two-week low after the US dollar strengthened on indications from the US Federal

Reserve that it could raise interest rates sooner than expected.