- Published: Monday, 07 September 2015 10:08
- Written by Steve Fiscor
By Steve Fiscor, Editor-in-Chief
Gold moved higher from $1,088/oz to nearly $1,134/oz during August as investors sought relief from a global slump in stock prices. The Dow Jones Industrial Average swung back and forth more than 1,000 points before settling down 6% for the month. The market activity, brought about as oil declined below $40/barrel (bbl) and the Chinese devalued its currency, could cause the U.S. Federal Reserve to rethink a hike in interest rates.