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Gold falls to lowest level in a month due to a stronger dollar and expectations of US rate hike
05.11.2015
Gold prices fell to their lowest level in a month to continue to decline for the sixth straight session, with the rise of the dollar to its highest level in three months after comments by the President of the Federal Reserve Janet Yellen reinforced expectations of an increase in US interest rates in December.
In his first public comments since the meeting of the Monetary Policy Committee of the Central Bank of the US late last month he said that the lifting of the unrelenting interest in December, is "a real possibility".
The price of gold fell in online transactions is about 1 percent to $ 1106 for an ounce, its lowest level since the second of October.
And decreased US gold futures December delivery 0.7 percent to a record settlement of $ 1106.20 when an ounce.
And it reached the precious metal losses 5 percent in the six sessions since the Federal Reserve meeting on 28 October, which kept the door open to a possible increase in interest rates.
The markets are now waiting for jobs outside the agricultural sector in the United States and that data will be issued on Friday.
Among other precious metals silver fell 1.4 percent to $ 15.05 an ounce, while platinum fell 0.9 percent to 951.24 dollars an ounce and palladium fell 2.1 percent to $ 627.75 an ounce. Ended 29/4 e
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