Gold continues to become cheaper

Gold continues to become cheaper

Gold
retreats for the third consecutive session.
At this time the decrease is due to comments
The Fed and the minutes of the March meeting
American regulator. increase
rates in the coming months not yet
finally got away with probabilities radar.

Gold
as a versatile non-interest in the case of growth
interest rate, the first in nearly 10
years, reduce its popularity among
investors.

Analyst
HSBC, Dzheyms Stil, said:
“The short-term outlook for gold
It looks weak, with a decline in the level of
resistance. ”

The spot
the price of gold fell by 0.4% to $ 1197.71
an ounce after reaching its
a session low at $ 1
195.70. Futures for the June delivery on
time 10.09 MSK traded at 195.80 per 1
troy ounce.

But
Some experts say that the experience
for gold yet. “The decline of gold
may be temporary, because the chances of
that the Fed will raise rates right now,
very little. It is necessary to take into account the extent to
Now the economy is fragile. It means,
that the current decline in gold prices may
It is just a technical correction.
Today, it may fall to $
In 1190, but in the coming weeks just
quietly return above $ 1,200, ”
– says Li Hui, an analyst at Phillip
Futures.

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