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Gold Prices Looking at Third Yearly Loss

Gold prices were close to making their third straight yearly loss on Thursday, Reuters reported. Analysts are not looking for the gold price to improve in 2016.

As quoted in the publication:

Largely influenced by U.S. monetary policy and dollar flows, the price of gold has fallen about 10 percent in 2015 as some investors sold the precious metal to buy assets that pay a yield, such as equities.

Spot gold was up 0.2 percent at $1,062.80 an ounce by 1442 GMT, during the last trading session of the year. Volumes were thin ahead of the New Year holiday on Friday.

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Related reading:

A brief overview of the gold price today.

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