Gold fears of rate hikes in the US, trading at two-month low
On Monday, futures
Gold traded near the most
lowest level in two months, as
Market participants believe that the risk of
an early increase in US interest rates rose.
During the morning
European trading on division
Comex New York Mercantile Exchange gold
for delivery in December, fell in price by ??
0.18% - up to $ 1277.90 per ounce.
Futures are traded in
between $ 1277.60 and $ 1281.10 per ounce. AT
price last Thursday reached $ 1273.40 per
ounce, the lowest level since June 18. Likely,
gold find support at $ 1266.50, the minimum
June 18 and resistance at $ 1299.30, the maximum
20 August.
Gold fears increase
Rates - gave investors a reason to speech
Fed chief Janet Yellen, who said,
that the US economy is recovering,
and added that the situation in the labor market
also improved. her comments
It was made after the published
in the last minutes of the July Wednesday
Fed meeting showed that some
officials believe strengthens
recovery and permanent improvement
labor market support solution
favor of monetary tightening
politicians.
The dollar index reached
Today the level of 82.66, the highest since September 6
2013. The US has a strong dollar
pressure on gold, as it reduces the
metal attractiveness as
an alternative asset and makes
dollar-denominated commodities more expensive for
holders of other currencies.
Also on the Comex today
silver for delivery in December ??
It dropped by 0.05% - to the price of $ 19.45 per ounce.
Copper for delivery in
?? December fell by 0.05% - to $ 3.221 per
lb.
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