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[size=37]Gold falls to lowest level in 9 months[/size]
Journal News Follow-up
Gold prices continued to decline, Thursday, very lowest level in more than nine months, influenced by the rise of the dollar to its highest level again since 2003, following the publication of the minutes of the last Fed meeting, boosting speculation of higher interest rates.
Gold fell 0.63% in the spot transactions to $ 1187.50 an ounce, the lowest level since early February.
The record price of the yellow metal in the US futures contracts declined 0.2% to $ 1185.65 an ounce.
Among other precious metals silver fell 0.23% in the spot transactions to $ 16.312 an ounce, the lowest level since the seventh of June.
It fell yesterday gold prices after the publication of the minutes of the Fed, which confirmed that the economy is improving enough to justify raising interest rates soon.
And it influenced the yellow metal to raise interest rates, which increases the cost of the acquisition of assets that do not generate interest, such as the yellow metal denominated by the dollar and lifted the precious metal.
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