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Gold prices fell on the European market on Friday to continue to suffer losses for the second consecutive day, as the US dollar hit a week – high against a basket of currencies, ahead of the most important data release in the second quarter. US interest rates twice as much this year.
Gold prices fell 0.25% at 09:00 GMT to trade at $ 1,219.21 an ounce compared to the 1,222 aperture level , $ 79 and recorded the highest level of $ 1,225.34 and the lowest of $ 1,218.56.
Gold prices ended the day's session down 0.7%, the third loss in four days, in correction from a high of $ 1,235.18 l & # 39 ounce under the pressure of the greenback.
The dollar index rose 0.2% on Friday, extending its second consecutive day to a new high of 94.67 weeks, reversing the greenback's recovery against most major and minor currencies, pushing the price of gold and other metals Resistance in US dollars.
The US currency rose after 10 years, US bond yields reached a six-week high of 2.988% as the Federal Reserve accelerated the tightening of monetary policy this year.
Investors turn to US economic growth data for the second quarter, with a preliminary reading of GDP growth forecasts of 4.2% growth of 2.0% in the first quarter, US interest has risen twice this year.
SPDR Gold Trust's gold holdings The largest gold index in the world remained unchanged yesterday at 800.2 mt.
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