The metal is highly exposed to rising rates, which lift the opportunity cost of holding non-yielding assets while boosting the dollar. It fell 10 percent last year ahead of the first U.S. rate increase in nearly a decade in December.
Spot gold was up 0.8% at $1,234.61 an ounce early Thursday, while U.S. gold futures for April delivery were up $8 an ounce at $1,236.60. [Read full article at Forbes.com]
If YOU’VE been holding on to unwanted or broken pieces of Gold jewelry, bring it to one of our Metro Detroit stores to get the MOST Cash for Your Gold!