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Gold falls to lowest level in 4 weeks with the rise of stocks and the dollar
09.10.2015 at
Follow-up - the balance of News
Gold fell to its lowest level in four weeks with rising stocks and the dollar, but the precious metal is still moving in a narrow range before the meeting of the Federal Reserve (Fed) next week.
The gold market will closely monitor statement next meeting of the Monetary Policy Council of the reserve on September 17 for clues about the timing of raising US interest rates.
Gold has benefited in recent years from low interest rates that reduce the cost of buying the precious metal while the dollar curbed prices. Expectations and contributed to raise interest rates soon in the price of gold falling five percent this year.
And went down in the spot price of gold transactions 1.2 percent to $ 1107.61 an ounce ounce by 1832 GMT, after falling 1.8 percent to 1101.11, its lowest level since August 11.
The price of gold fell US futures contracts in December to 1.7 percent delivery settled up to $ 1102 per ounce.
And platinum record the largest losses among precious metals as it fell 2.9 percent to its lowest level in two weeks at $ 974 an ounce.
Silver fell 1.7 percent to $ 14.56 an ounce
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09.10.2015 at
Follow-up - the balance of News
Gold fell to its lowest level in four weeks with rising stocks and the dollar, but the precious metal is still moving in a narrow range before the meeting of the Federal Reserve (Fed) next week.
The gold market will closely monitor statement next meeting of the Monetary Policy Council of the reserve on September 17 for clues about the timing of raising US interest rates.
Gold has benefited in recent years from low interest rates that reduce the cost of buying the precious metal while the dollar curbed prices. Expectations and contributed to raise interest rates soon in the price of gold falling five percent this year.
And went down in the spot price of gold transactions 1.2 percent to $ 1107.61 an ounce ounce by 1832 GMT, after falling 1.8 percent to 1101.11, its lowest level since August 11.
The price of gold fell US futures contracts in December to 1.7 percent delivery settled up to $ 1102 per ounce.
And platinum record the largest losses among precious metals as it fell 2.9 percent to its lowest level in two weeks at $ 974 an ounce.
Silver fell 1.7 percent to $ 14.56 an ounce
[You must be registered and logged in to see this link.]
