Gold retreats to 2-year lows as investors await Fed decision

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Gold retreats to 2-year lows as investors await Fed decision
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After a brief reprieve on Friday, gold prices are back to trading at 2-year lows.

After a brief reprieve at the end of last week, gold futures are back to trading at two-year lows while the yield on the 10-year Treasury note climbs to its highest level in more than a decade.

Edward... After a brief reprieve at the end of last week, gold futures are back to trading at two-year lows while the yield on the 10-year Treasury note climbs to its highest level in more than a decade. Edward Moya, senior market analyst at OANDA, said gold appears to have run out of downside momentum as the selloff over the past week has returned the yellow metal to its weakest level in two years.

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