Major central banks’ plans to tighten monetary policy weigh on gold

Three weeks of a continuous rally in gold prices halted last week. Global spot gold opened the week with a gap-down and was broadly range-bound between $1,315 and $1,340 per ounce. The yellow metal closed the week at $1,320, down 2 per cent. Neither North Korea’s missile test nor the terror attack in the UK aided bullion prices.Silver, after trading in a sideways range for most part of the week,...