The Gold falls to the lowest level in five months on dollar strength
The Gold falls to the lowest level in five months on dollar strength resumed Gold futures prices on Monday, climb again after it touched at the beginning of today’s trading the lowest level in five and a half months.
And the form of the rise of the US dollar to its highest level in 11 months, double the yellow metal worker, in the wake of expectations of improvement in the US economy and raise interest.
Traders expect that the new US president, “Donald Trump” economic policies, pushes to impose restrictions on cross-border trade, which means an end to the declining rates of inflation in the country during the coming period, as well as expectations of increased spending.
The Gold fell in futures transactions, to US $ 1212.5 this morning, the lowest level since the beginning of last June, before picking up his breath later and climb to $ 1224.3 By the time (10:25 GMT).
The price of gold climbed to US $ 1334, last Wednesday, with the announcement of the victory of the Republican candidate in the US election.
Gold prices are affected negatively the dollar aggressively, and that pushes the dealers to go to investment funds denominated in US currency.