The
price of gold fell for a third day after the dollar continued its strong
performance. Thus the precious metal continues to move away from the 3 and a
half month high, which was reached last week.
US dollar appreciated against the background of uncertainty about rising US
interest rates. The euro fell against the dollar and reached a 10 days minimum ahead
of the ECB meeting, which could pave the way for the introduction of additional
incentives.
The biggest threat to the precious metal currently is the largest increase in
speculative long positions for the past few weeks.
The spot price of the precious metal fell 0.6% to $ 1170.26 per troy ounce.
Silver fell 1.6 % to 15.79. Platinum fell 0.3 % to $ 1008 per troy ounce.
Palladium lost 1.6% of its value, reaching 682 dollars, which is above the
bottom from 1 October of 664.10.
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