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The value of gold is increasing for the first time in five sessions , as investors chose to take profits after the eve of gold fell to one-month low.
On Tuesday, the head of the Central Bank of Dallas, Richard Fisher recommended markets to prepare for a possible early reduction of QE- 3 . In addition , the head of the central bank of Atlanta Dennis Lockhart said the Fed will be actively discussing the possibility of reducing the volume of program to buy assets in December.
Experts believe that the market looks concerned because the reduction of quantitative easing could begin sooner or later , a strong dollar and generally good economic statistics reduce the interest in precious metals .
Output last Friday which exceeded forecasts of Labor Statistics in the U.S. has led many investors to reconsider the timing estimates to minimize the program of quantitative easing, and now they are waiting for comments of the candidate for president Janet Yellen Federal Reserve in the Senate on Thursday .
The cost of the December gold futures on COMEX today rose to $ 1279.80 per ounce.
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