Gold strengthened on doubts about the growth of Fed
In
Tuesday gold steadily: the dollar fell
after Friday's weak report on
employment. By 14.18 MSK December futures
1 worth 138.20 dollars per troy ounce.
Strengthening the gold is associated with the fact
that weak reports probably postponed
terms increase of the Fed's interest rate.
This means that the pressure on non-interest assets
(Such as, e.g., precious
metals) will weaken.
Now
Gold largely held
on the results of Friday's jump after payrolls: then
futures rose $ 1 105,30
up to $ 1 139.40 for two
and a half hours, it was the largest
Jump over the past 9 months.
Today
the dollar fell against a basket of currencies by 0.22%
(14.24 to MSK). It also has a weak
support for the dollar.
By
According to experts, the Fed is worried about
the consequences of the continuation of low inflation
or even the occurrence of frank
deflation due to low oil prices. But
rate increase in December is still possible,
so bullish forecasts do
prematurely.
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