Gold Six Year Low

Lower imports by the world's second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, but help the south Asian country in bringing down the trade deficit and supporting rupee.

Gold dipped to its lowest level in nearly six years on Friday and was heading for a sixth straight weekly decline under pressure from a firm dollar and prospects of a U.S. interest rate hike next month.

Gold hovered close to its lowest in nearly six years on Thursday, as the dollar held at multi-month highs and US economic data reinforced market expectations of an interest rate hike this year.

Gold prices, under severe pressure along with other commodities such as silver, platinum, crude oil, copper and steel, traded near six-year lows amid a glut and sluggish demand. The slump in gold prices has been driven by a stronger dollar, analysts say.

Gold languished near its lowest level in nearly six years on Tuesday, while silver and platinum also held near multi-year lows on a strong dollar and increasing expectations that the Federal Reserve would increase U.S. interest rates next month.

Gold prices hit their lowest in nearly six years on Wednesday as the dollar rose and investors braced for the first U.S. interest rate rise in nearly a decade next month.

Lower imports by the world's second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, but help the south Asian country in bringing down the trade deficit and supporting rupee.

Gold dipped to its lowest level in nearly six years on Friday and was heading for a sixth straight weekly decline under pressure from a firm dollar and prospects of a U.S. interest rate hike next month.

Gold hovered close to its lowest in nearly six years on Thursday, as the dollar held at multi-month highs and US economic data reinforced market expectations of an interest rate hike this year.

Gold prices, under severe pressure along with other commodities such as silver, platinum, crude oil, copper and steel, traded near six-year lows amid a glut and sluggish demand. The slump in gold prices has been driven by a stronger dollar, analysts say.

Gold languished near its lowest level in nearly six years on Tuesday, while silver and platinum also held near multi-year lows on a strong dollar and increasing expectations that the Federal Reserve would increase U.S. interest rates next month.

Gold prices hit their lowest in nearly six years on Wednesday as the dollar rose and investors braced for the first U.S. interest rate rise in nearly a decade next month.