Gold prices were down at the close of trade Friday on Wednesday (15/01) with the rise of oil prices from 12-year lows of positions and Exchange positive results Wall Street, inhibit the attractiveness of gold as a safe haven.
The price of spot gold was down 1 percent at 1.57, 075.86 dollars per troy oz.
While the price of gold futures for February delivery was at 1073.60 dollars a troy ounce, down $ 13.50. Last traded down $ 11.20 on 1, 075.90 dollars per troy oz.
The price of the precious metal reached a two-month highs at $ 1112 last week because the Chinese stock exchange anjloknya. The shares fell further in Europe on Thursday, but Wall Street opened higher, maintaining strong performance in the afternoon.
The price of benchmark Brent crude oil futures recovered 0.7 percent rise on Thursday after sliding to their lowest since February 2004 as the prospect of increased production from Iran adds satiety oil and concerns about global economic growth.
The drop in oil prices has helped depress long-term inflation expectations, the power that can lift the gold price.
The retreat in the euro from earlier highs after the December meeting of the dovishtreatise from the European Central Bank adds to pressure on gold, while someinvestors seem to be cashing in some gains the previous session, said the dealers.
Other precious metals prices, the price of silver is 2.37 percent down to $ 13.82 per ounce, erasing most of the gains the previous day. Palladium prices rose 0.63 percent on $ 489.70 per ounce, while the platinum price 1.90 per cent down at $ 835 an ounce.
0 Komentar untuk "Woww Gold Price Under Pressure AGAIN !"