[ad_1]
LONDON .- Gold prices fell Monday to a one – year low before further strengthening of the
dollar, which made the bullion more expensive for holders of others
motto.
The spot gold price yielded 0.12 for
hundred to $ 229.86 the ounce after falling Thursday to a
minimum of thousand 211.08 dollars.
For its part, gold futures on the Comex New Y ork market for delivery in August fell by 0.11% to
one thousand 229.7 dollars an ounce.
Since mid-April, yellow metal prices have dropped 10%
hundred before the pressure of a dollar
stronger.
The verbal exchange "increased tone" between the president of
United States, Donald Trump, and Iranian President Hassan
Rouhani, supported a rise in gold, but the advance lasted
little.
Despite a slight increase towards the end of the week
and gold holdings in publicly traded funds
followed by Reuters declined 5.3 percent, or 2.4 million ounces, since mid-May, due to the preference of
investors for other classes of assets.
Another factor that could be positive for gold is a reversal
in speculative positioning that shows growth
short positions on the Commodity Exchange (Comex), the most important market for
highest level since January 2016.
Gold prices are protected by support
technical level around $ 1,200 to $ 1,220 an ounce,
the minimum of one thousand 204.90 dollars of July 2017.
In the other precious metals, silver totaled an increase of 0.06
percent at $ 15,481 an ounce. Palladium rose 0.19% to $ 895.72 an ounce and platinum added a 0.3% gain to $ 829 an ounce.
Source link
