FX & CFD trading involves significant risk
The price of gold decreases the third consecutive week, and today was no exception.
Sustained economic growth in the United States support the dollar on the world market and reduces the interest in safe assets.
This week, investors showed some hesitation on the eve of the Fed meeting and referendum in Scotland, but in both cases the fears were unfounded. Experts believe that the gold in these conditions may go down to $ 1,200.
Of statistics published today, the index of leading economic indicators in the United States rose in August 2014 by 0.2%, according to a research organization Conference Board, which calculates. Such a growth rate of this indicator became minimal since January. Analysts had expected a more significant growth rate - 0.4%. In July, the index increased by 1.1%, previously reported growth of 0.9%. Increase was the highest since July last year.
Unlike futures physical gold demand. In China, which is the biggest market for the precious metal, low price has attracted new buyers. Extra charges sellers for the week increased by an average of 1.5 dollars.
The cost of the October gold futures on the COMEX today dropped to 1214.0 dollars per ounce.
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