Gold near 5 year lows on Fed rate increase expe

Gold near 5-year lows on Fed rate increase expectations

gold continues
lower quotes. Now, to 9.31 MSK,
troy ounce with delivery August 15
143.40 worth 1 dollar. Such a low price
the yellow metal for the last time
It was recorded March 1, 2010. During
Time gold slipped by 1.23%.

Platinum and palladium
also decreased: platinum 0.29% to 1 008.65
dollars, palladium – by 0.59% to 628.20
dollars.

Analysts say gold will
decline in the future. Since the beginning of the year
precious metal lost more than 3%. Him
not helped neither the Greek crisis or collapse
Chinese stock market – all factors
Months of interrupted growth
the expectation of interest rate rise
Fed. This week in Congress Janet
Yellen reiterated the central bank‘s intention
US rate increase this year if
economy will grow at the expected
pace. This strengthened the dollar (on Thursday
it rose against a basket of currencies to
seven-week high). rising dollar,
usually accompanied by a decrease
gold.

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