Gold is struggling with weakness in the growth rates of the Fed term

gold fights
with new losses. The overnight spot
Gold lost 1.5% to $ 1068.30,
but now, to 13.08 MSK rose to
$ 1073.70.

Analysts write:
"The fall in prices of commodities and
strengthening of the dollar laid the foundation for
retreat in gold prices. prices can
to remain on the defensive,
but any strengthening is limited".

Besides,
weakening of oil prices may cause
deflation, and this - a bearish factor for
gold (which is often considered
as an asset to hedge against inflation).

after strong
data on the labor market in the US Investors
further strengthened in the opinion that
The Fed will raise interest rates on already
December meeting. Meanwhile,
higher rates usually pressured
on non-interest bearing assets - for example,
gold.

For the current year
precious metal has lost about
9.5%. This will be the third consecutive annual
decrease in gold.

moods
Investors today are quite gloomy.
Assets in the world's largest "gold" exchange
fund, SPDR
Gold Trust, dropped 0.65% to 634.63 tonnes. it
the lowest figure since September Fund
2008.

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