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Gold%2C+platinum+prices+drop+to+5+year+low+with+speculation+over+US+interest+rate+rise
Tuesday, 21 July 2015 - 13:28
Gold, platinum prices drop to 5 year low with speculation over US interest rate rise
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World gold prices have fallen to its lowest in more than five years in anticipation of a US interest rate rise this year.

The price has fallen four percent to as low as 1,088 dollars an ounce in Asian trade, the lowest since March 2010.

Analysts said talks of US interest rate rise has led investors to sell the precious metal.

Platinum lost as much as five percent to 942 dollars an ounce, its weakest since February 2009.

 
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