Equityworld Futures : GOLD PRICE Oh, Precious Metals Start Level Senggol late 1170

Comex gold prices weakened again, after the holiday contract trading on Thursday welcomed Thanksgiving.

In trading on Friday (25/11/2016), Comex gold December contract had gained 0.01% to US $ 1,189.4 at the opening.
Read : Equityworld Futures : Gold Prices With Strong Weak Expectations of US rate hike in December

However, due to the strengthening still thin, easily Comex gold turned lower to be down $ 3.7 or 0.31% to US $ 1,185 on the pk. 6:39 pm, and is engaged in the range of 1179.3 to 1190.4.

Comex gold prices sank to their lowest level since February 2016, amid speculation the US president-elect Donald Trump will be able to drive economic growth, and trigger the Federal Reserve to raise interest rates.

The US dollar index reached its highest level in more than a decade, as well as the US stock exchanges.

Gold investors continue to consider the consequences of Trump's plan to revitalize growth and increase spending on infrastructure.

"Everyone is predicting a rate hike in December, and affect the price of gold. The dollar remains the main sentiment," said Tom Kendall, head of precious metals strategy ICBC Standard Bank Plc as quoted by Bloomberg, Friday (25/11/2016).

Fed's November meeting notes released Thursday morning GMT, showing the central bank official confirmation push up interest rates.

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