Gold Price Update After 2015 What Next?

The price of gold down enough by 2015, as the combination of a strong dollar andweak oil prices. Due to these factors bring this precious metals to the third annualprice drop.

Gold Bullion has lost 10 per cent of the value of selling during this year, largelyinfluenced by the concerns on the increasing U.S. interest rates. When this news was written, the only spot gold horizontal stripes in the range of USD 1, 061.55, case Exchange Comex on 1, 060.50 U.s. dollars per troy ounce. Overnight, spot gold was down 0.8 per cent reached 1, 060.26 U.s. dollars per troy ounce, while gold futures March delivery plummeted to a mere USD 8.20 USD 1, 059.80.

Yessnews analysts say there is little economic data able to move the market on this week, so the traders of bullion will rely on cues from the currency and oil markets. The annual period, the u.s. dollar moves strengthened 10 percent. This month, the Federal Reserve has raised U.S. interest rates and indicated that they would do a gradualimprovement by 2016. The condition causes the gold price projections next year have yet to look bullish.

Gold normally follow the movements of oil prices because it is often regarded as a value protected against inflation caused by the oil. Brent oil was nearing the lowestlevel in 11 years affected the petroleum Minister of Saudi Arabia who insist that the Kingdom of Saudi Arabia does not have a plan to lower its production scale.