Equity world : The Gold Price Is The Fed Rate Is Still A Question Mark, Precious Metals Further Down

Gold prices weakened Monday trade on the move (17/10/2016).

Gold Futures on the Comex exchange for December delivery tracked down 0.22% or 2.70 points to the position of US $ 1,252,80 per ounce at 6.07 am

The weakening gold price is influenced by the rise of the U.S. dollar following the expectations of investors against the increase in U.S. interest rates later this year as well as a decline in us consumer confidence index.

At the end of last week, a survey showed consumer confidence index weakened in October, when u.s. citizens considering the prospects of economic growth in the middle of the campaign of presidential candidate

read : Equity world: the price of gold Fell over the weekend Stressed the strength of the U.S. Dollar; Weekly Flat

. " There is uncertainty, investors don't really know what the Fed did in December, "said Mike Dragosits Senior Commodities Strategist, TD Securities was quoted as saying Bloomberg.

Meanwhile, the U.S. Dollar Index, which monitors the movement of the dollar against other major currencies, rose observed 0.10% or 0.098 points to position 98.117 at 6.09 pm.

The price movement of gold Comex



17 October (5.30 PM GMT)

1,252,80 (-0.22%)

14 October

1.255,50 (-0.17%)

13 October

1.257,60 (+ 0.30%)