Over the course of the last month, gold is down by 5%
Gold prices fell to their lowest point in four months on Monday morning as rumours fly that the Fed could be set to raise interest rates sooner than anticipated.
After gold went below $1,750, it triggered a stop loss sale, bringing it down further to $1,684.
Over the course of the last month, gold is down by 5%.
The recent fall follows jobs figures from the US Labor Department that surpassed expectations, as wages recovered.
The positive results have, however, raised concerns over the possibility that stimulus measures could now be rolled back.
Traders of the yellow metal will now turn their attention to this China’s CPI inflation data today.
China’s CPI is expected to come in at 0.8% year-on-year, while inflation at a producer level is not expected to slowdown, with PPI at 8.8% year-on-year.
