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Gold prices fall for 10th day continually
Analysts predict a further decline
By: Diamond World News Service
Jul 23 2015 11:31PM
Reference: 11723  

Gold prices dipped on Wednesday. This marked its decline for the 10th day and also the longest span of decline since 1996, following predictions by Goldman Sachs of a further price decline and investors selling more through funds, reports say.

Analysts predict the prices could stand below $1,000, the first since 2009, reports say. The lack of interest in the yellow metal occurred as the US Federal Reserve is looking at a rise in the interest rates. This had impacted gold prices on Monday, with the prices falling to a five-year low of $1,080 an ounce. Gold fell 0.6 percent to $1094.43. It fell 6.1 percent as it fell every day since July 9 in New York, reports say.

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