Gold Investment Market Update Price

Gold prices fell 2 percent at the close of trading on Friday nightfall (18/12). This is the biggest drop in five months with the strength of the dollar after the Federal Reserve raised interest rates by the United States for the first time in nearly a decade and suggests there will be further improvement in 2016.

As reported, the US central bank raised its benchmark interest rate range a quarter percentage points as expected, on Wednesday.

The Fed initially make the dollar slightly lower and gold prices rose. But on Thursday, the dollar rose to the highest two weeks against a bag major currencies on the view that the central bank will make U.S. assets more attractive.

A strong U.S. currency made of gold more expensive for holders of a stranger.

Gold prices spot gold sank as much as 2.4 percent from the position in the session low tory 1,047.25 dollar per ounce, only $ 1.40 on the position of approaching the lowest point six years earlier this month. Gold prices last down 1.9 percent at $1,051.80.

While the price of gold futures February down 2.5 percent at 1,049.60 dollars per troy ounce.

Gold has dropped 11 percent this year, largely because of uncertainty about the time of the increase in US interest rates.

Further problems for gold can come from continued weakness in other commodities, especially oil fell 5 percent on Wednesday amid concerns the excess supply and continuously decreases on Thursday, largely on the strength of the dollar.

Meanwhile other metals prices also hit because the strengthening of the dollar. Paladium prices fell as much as 3.6 percent to a session low $ 548,25 per ounce, while the prices of Silver fell 3.1 percent to $ 13,63 per ounce. The price of platinum fell 4.1 percent from the session low on $ 837 per ounce.