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07.01.2013 16:20

The price of gold down


Gold is getting cheaper, but prices remain in the range of the previous session, as in the absence of significant events, investors prefer to refrain from shopping.

The focus of traders is the decision of the European Central Bank concerning the interest rate that will be taken on Thursday. Some economists said the likelihood of a lower interest rate.

In the absence of new economic data players continue to focus on reports of the December meeting of the Federal Open Market U.S. Federal Reserve. Central Bank officials reminded the market that sooner or later the quantitative easing program ends.

Three presidents of regional Fed, whose performances are expected this week, likely to touch this issue in their speeches. Fed President Saint Louis James Bullard, president of the Federal Reserve Bank of Kansas City, Esther George and Minneapolis Fed President Narayana Kocherlakota will make their statements on Thursday, and while the Philadelphia Fed President will speak on Friday.

February futures price of gold on COMEX today fell to 1642.60 dollars per ounce.

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