Gold prices continue to fall Tuesday, dropping to a new monthly low as traders bet the Federal Reserve will raise interest rates in the next few months.
That’s despite a recent series of downbeat economic data that could give Fed members reason to pause.
December gold lost $21.80, or 1.9%, to $1,114.10 an ounce, extending a protracted losing streak.
The Commerce Department released a report on Tuesday showing that factory orders saw further downside in the month of September.
The Commerce Department said factory orders fell by 1.0 percent in September after tumbling by a revised 2.1 percent in August.
The material has been provided by InstaForex Company – www.instaforex.com