Gold falls upon the approaching increase in US interest rates

Yesterday gold was again trading without clear direction. After all the precious metal finished with a minimal decrease, breaking the two-day positive session. However gold felt the support of investors in recent days. In the last statement of the largest fund trading gold in the world SPDR Gold Trust, it was announced that their assets grew last week by 0.6%.

Gold futures for delivery in October finished the session at 1 117.53 dollars per troy ounce.

Gold continues to be in a strong downtrend. 

Is it a matter of time to witness a test of the psychological level of 1000 dollars per troy ounce? 

The moment at which could be unlocked this highly negative wave of sales might be raising the interest rates by the Federal Reserve.