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Rajitha Senaratne news newupdate


24 February 2016


Global gold prices take a plunge

Gold prices slipped as much as two percent on Monday, as the dollar strengthened and investor appetite for risk increased. But the metal remained above $1,200 an ounce after a rally that pushed prices to one-year highs this month.
Concern over financial instability and the repricing of expectations for U.S. interest rate rises, has helped gold outperform most assets so far this year with a 15 percent gain.
Spot gold was down 1.6 percent an ounce.

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