As gold has been in retreat this month, investors have been selling holdings in bullion-backed exchange-traded funds. “Gold is being pushed down by the stronger dollar and an interest rate raise. As gold has been in retreat this month, investors have been selling holdings in bullion-backed exchange-traded funds, which shrank for the 10 days to Wednesday. In Australia, Newcrest Mining Ltd., the country’s largest gold producer, lost 5.8% this week, while Evolution Mining Ltd. tumbled 2.3 %. Barrick Gold Corp., the world’s biggest bullion miner, has lost 4.9% in Canada since Monday.

Source: Mint November 25, 2016 07:44 UTC