Gold Price Down 2.6% For June

Washington (July 1)  Gold futures were lower Friday, extending monthly losses amid expectations the Federal Reserve will soon raise interest rates.
 
August gold fell USD3.50, or 0.3%, to settle at USD1,242.30 an ounce for the session. It was down around 2.6% for the month, but has risen 8% since the start of the year.

Consumer sentiment in the US decreased by less than initially estimated in the month of June, the University of Michigan revealed in a report on Friday.

The report said the consumer sentiment index for June was upwardly revised to 95.1 from the preliminary reading of 94.5. Economists had expected the index to be unrevised.

Source: AllianceNews