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Gold holds in front of a meeting of the US Central Bank, which could give rise to indicators of future trends in US and US interest rates, two key indicators of the price of the yellow metal.
Yesterday gold fell 0.1% to 1221.93 dollars an ounce after hitting a low of $ 1211.08 this month. The futures on gold futures futures fell 0.3% to $ 1219 the ounce
The rise in the US dollar would drive up the price of gold denominated in dollars to other currency holders, thereby reducing demand. The rise in the dollar since mid-April has caused about 10% of gold to be lost in cash transactions.
The Federal Reserve meeting, which starts on Tuesday, should keep rates unchanged after the June rally, but investors are looking for indicators of when the next increase will occur. For other precious metals, silver rose 0.1% on spot trading to $ 15.48 an ounce, platinum fell 0.6% to $ 820.30 39 ounce and palladium rose 0.5% to $ 925.80. For an ounce. (Reuters)
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