Power Loss Due gold Strengthening Dollar
Gold traded near a three-month low in line with the prevailing As the dollar earlier this week. Speculation Fed interest rate hikes still be one of the factors suppressing demand for alternative investments. Last night, gold and even suffered a drastic loss due to US currency traded at 14-month highs against the currencies of major-currency.
Gold traded near a three-month low in line with the prevailing As the dollar earlier this week. Speculation Fed interest rate hikes still be one of the factors suppressing demand for alternative investments. Last night, gold and even suffered a drastic loss due to US currency traded at 14-month highs against the currencies of major-currency.
gold
According to Bloomberg data, bouillon gold for immediate delivery traded at $ 1,255.49 an ounce at 12:06 pm in Singapore than before at $ 1,255.45 yesterday. The price of gold fell to $ 1,251.52 yesterday, the lowest since June 10. Meanwhile, gold for December delivery added 0.1 percent to $ 1,255.90 on the Comex numbers.
Research Interest Against the Fed
Gold has slumped to 5.4 percent in the third quarter in connection with the loan rate hike outlook that reduces demand for assets such as gold protection. Fed officials will be again held at the FOMC meeting next week.
Dollars was gaining strength as a result of research driven by the interest rate the Fed. Research from the Federal Reserve of San Francisco said that the investors actually put a lower price in terms of rising interest rates, rather than members of the Fed itself. Therefore, the dollar was outperformed gold.
According to Jonathan Barratt, chief investment officer of Allliance Ayers, "The short-term traders are looking for yields of other alternatives. Owners of gold began to leave their gold and probably for some time again. This condition is a condition that is not desirable." he told Bloomberg.
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