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Gold falls to lowest level in 3 weeks
10.31.2015
Gold fell to its lowest level in three weeks, extending losses bleeding, which lasted over two days to head towards recording its biggest weekly drop in nine weeks with renewed prospects of raising US interest rates this year.
He noted the Federal Reserve (the US central bank) after meeting lasted over two days this week to raise interest rates in December is still on the table, limiting talk that weak economic data series and concerns about global growth will lead to delay the date of lifting interest to 2016.
Gold fell 0.4 percent in spot transactions to $ 1141.36 an ounce ounce by 1923 GMT, after falling to its lowest level since the ninth of October of $ 1139.11 earlier. The metal tends to end October, up 2.4 percent.
And landed Gold futures in the United States December, 0.5 percent delivery settled at $ 1141.40.
Gold fell despite a falling dollar 0.7 percent against a basket of currencies as the decline in the US currency is usually supportive for the precious metal.
The silver went to register the largest monthly gain since January, an increase of seven percent.
And we got immediate contracts for silver 0.2 percent to $ 15.53 an ounce on Friday.
Platinum fell in the spot contracts 0.8 percent to $ 981.75 an ounce, while palladium rose 0.7 percent to $ 672.75 an ounce. It ended 29 quarters e
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