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Gold falls with the rise of the dollar due to expected interest rate hike in March
Economy News / Continue ...
Gold prices fell on Thursday, with the high dollar on comments from officials Federal Reserve (the US central bank) has strengthened expectations of raising US interest rates in March.
Gold fell 0.4 percent in spot transactions to $ 1244.72 for ounce by 0715 GMT. The metal rose on Monday to $ 1263.80 an ounce, its highest level since Nov. 11.
And got gold in the US futures contracts 0.3 percent to $ 1245.30 an ounce.
The total dollar index, which tracks the US currency's performance against a basket of six major currencies, was 102, the highest level since January 11.
Said Mark Tu, head of research group Wing Fung Financial in Hong Kong, "possibly exposed to the price of gold for a little selling pressure at the moment because of the statements tend monetary tightening of officials Council reserve. It is very likely to raise US interest rates in March," March.
"We can also see that the overall political climate in the world is changing. Even those who do not care about gold, but tend to be a reluctance to risk investing in the metal door of the hedge."
And silver fell 0.3 percent in the spot transactions to $ 18.35 an ounce.
Platinum was down 0.2 percent to $ 1012.90 an ounce, while palladium fell 0.3 percent to $ 772.93 an ounce.
http://economy-news.net/content.php?id=6829
Economy News / Continue ...
Gold prices fell on Thursday, with the high dollar on comments from officials Federal Reserve (the US central bank) has strengthened expectations of raising US interest rates in March.
Gold fell 0.4 percent in spot transactions to $ 1244.72 for ounce by 0715 GMT. The metal rose on Monday to $ 1263.80 an ounce, its highest level since Nov. 11.
And got gold in the US futures contracts 0.3 percent to $ 1245.30 an ounce.
The total dollar index, which tracks the US currency's performance against a basket of six major currencies, was 102, the highest level since January 11.
Said Mark Tu, head of research group Wing Fung Financial in Hong Kong, "possibly exposed to the price of gold for a little selling pressure at the moment because of the statements tend monetary tightening of officials Council reserve. It is very likely to raise US interest rates in March," March.
"We can also see that the overall political climate in the world is changing. Even those who do not care about gold, but tend to be a reluctance to risk investing in the metal door of the hedge."
And silver fell 0.3 percent in the spot transactions to $ 18.35 an ounce.
Platinum was down 0.2 percent to $ 1012.90 an ounce, while palladium fell 0.3 percent to $ 772.93 an ounce.
http://economy-news.net/content.php?id=6829
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