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Gold snaps 2 week winning streak with more losses on cards

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The gold prices snapped a two-week winning streak and dipped by 2.40 percent last week, with the near-term outlook seeming bearish.The gold prices in the international market de-creased from $1,835.6 to $1,791.7 per ounce last week.

Gold climbed to its highest level since No-vember at $1,853 on Wednesday but ended up los-ing more than 3 percent from that level to close the week deep in the negative territory and is poised for further losses.Meanwhile, the price of gold in Pakistan decreased by 2.02 percent last week. — TLTP

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