Gold suffered the worst quarter in a year

Gold reached its lowest level in two weeks and recorded  worst quarter of the last year.
The report on US Private-sector employment that was released yesterday  turned out to be better than the market expectations. This additionally sparked further speculation that Fed is ready to act to end the year.

From July to now the gold lost almost 5% of its value and the last quarter was the fifth consecutive ending with a loss. This is the longest series of decline since 1997. The spot price of the precious metal fell by 1% to $ 1115 per troy ounce, while futures for delivery in December fell $ 11 to $ 1115.20.

The platinum continue with the depreciation and is heading to the biggest quarterly decline since 2008. This was prompted by concerns about decline in demand for diesel cars after the scandal with Volkswagen. The metal fell by 1% to $904.75 per troy ounce and has lost almost 16% in the  last quarter.

Palladium fell 0.5%t  to $650.75 and ended the quarter with almost 3% loss. This is the third consecutive quarter of decline for the metal.

Silver fell 0.6% to 14.52 per troy ounce and ended the quarter with almost 8% loss.