The price of gold down the fourth consecutive session, despite buying in the physical market of Asia after the holidays in China.
Last week, prices fell by 3 percent, and Chinese traders began to actively buy depreciating gold back after the holidays, making the volume of transactions on the Shanghai Gold Exchange on Monday reached a record.
Rising prices also hindered the strengthening of the dollar, has risen to more than one month maximum to a basket of currencies. Demand in the physical market of Asia rose after the New Year holidays in China.
Investors are waiting for publication of the minutes of the last meeting of the Federal Reserve System, in order to understand its relation to financial incentives, which became one of the most important growth factors in gold prices in recent years.
April futures price of gold on COMEX today dropped to 1603.70 dollars per ounce.
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