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Gold recorded its biggest loss for one day in three weeks
10.22.2015
Gold fell about 1 percent, its biggest loss for one day in three weeks due to technical reasons sales and settlement centers with the recovery of the dollar against the euro amid uncertainty surrounding the date of the projected increase in US interest rates.
Earlier in the session gold jumped surpassing moving average at 200 days at around $ 1175 for an ounce and expanded its gains for the sixth session in a row before retreating more than $ 10 at the lowest level in the meeting.
And undermined his failure to stay above the resistance for the long term the level of morale and increased selling pressure.
The dollar rebounded from losses against the euro as dealers wait for the result of the European Central Bank meeting on Thursday.
It is unlikely that more than the European Central this month for its purchases of assets worth 60 billion euros a month, but investors believe that perhaps hints at further stimulus measures later this year.
The decline in the price of gold for immediate sale 0.9 percent to $ 1166.80 an ounce in late trading in the US market after the record was at its highest level of $ 1179.20 in the session.
And it landed US gold futures for December delivery 10.0 dollars or 0.9 percent to a record settlement at 1167.1 dollars per ounce.
In July, speculation that helped US interest rates will rise this year to put pressure on the yellow metal to fall to the lowest level in five and a half years but pessimistic US data series since then and worries about growth in China has raised expectations that this move may be delayed.
He said Bernard Dhdah analyst at Natekes "Gold trace the impact of US monetary policy, gold went up $ 75 since early September on the basis of expectations that the interest rate increase will occur in 2016 and not the end of this year."
Among other precious metals, silver for immediate sale fell 1.3 percent to 15.68 dollars an ounce, while platinum fell about 2 percent to 999.50 dollars an ounce and palladium fell 3 percent to $ 673 for Aoukah.anthy 29/4 e
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10.22.2015
Gold fell about 1 percent, its biggest loss for one day in three weeks due to technical reasons sales and settlement centers with the recovery of the dollar against the euro amid uncertainty surrounding the date of the projected increase in US interest rates.
Earlier in the session gold jumped surpassing moving average at 200 days at around $ 1175 for an ounce and expanded its gains for the sixth session in a row before retreating more than $ 10 at the lowest level in the meeting.
And undermined his failure to stay above the resistance for the long term the level of morale and increased selling pressure.
The dollar rebounded from losses against the euro as dealers wait for the result of the European Central Bank meeting on Thursday.
It is unlikely that more than the European Central this month for its purchases of assets worth 60 billion euros a month, but investors believe that perhaps hints at further stimulus measures later this year.
The decline in the price of gold for immediate sale 0.9 percent to $ 1166.80 an ounce in late trading in the US market after the record was at its highest level of $ 1179.20 in the session.
And it landed US gold futures for December delivery 10.0 dollars or 0.9 percent to a record settlement at 1167.1 dollars per ounce.
In July, speculation that helped US interest rates will rise this year to put pressure on the yellow metal to fall to the lowest level in five and a half years but pessimistic US data series since then and worries about growth in China has raised expectations that this move may be delayed.
He said Bernard Dhdah analyst at Natekes "Gold trace the impact of US monetary policy, gold went up $ 75 since early September on the basis of expectations that the interest rate increase will occur in 2016 and not the end of this year."
Among other precious metals, silver for immediate sale fell 1.3 percent to 15.68 dollars an ounce, while platinum fell about 2 percent to 999.50 dollars an ounce and palladium fell 3 percent to $ 673 for Aoukah.anthy 29/4 e
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