Gold slips for sixth day after upbeat US data - InvestingChannel

Gold slips for sixth day after upbeat US data

“Gold fell for a sixth day on Tuesday, hitting its lowest in more than two weeks after upbeat U.S. manufacturing data stoked expectations that the Federal Reserve would hike interest rates by year-end, driving the dollar higher.” — Really? Some little blip of data and now the Fed is really, seriously, for sure this time going to hike rates? Seems like a very convenient excuse for some gold/silver-slamming (maybe Deutsche Bank was made an offer it couldn’t refuse…)