The gold prices are losing value against USD with the expectation that interest rates will be increased. On the other hand, ETF investors are reducing the number of open positions on the market, so we can say, it will be another reason of gold’s losing value. Spot gold prices decreased under 1264,50 USD level with a 0,2% value loss. The important part of gold earnings in 2016 melted with the expectation that the Fed would raise borrowing costs for this year. Fed San Francisco President John Williams said he supported the interest increase in this year and in next years. The number of gold futures and options of long positions reduce the lowest level of last months.

Comment Send

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  Fed is protecting its monetary policy

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  European Central Bank makes a revision on growth and inflation forecasts

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  Global markets are pricing Trump's policies

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  Gold is preparing for strong losses after FED data

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  Japanese economy lost acceleration in the last quarter of 2016

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  The indicator in the manufacturing industry of China has maintained stability in the month of September

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  UK Market is giving positive signals to the election decision

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  Global markets are pricing latest American data

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  Japanese economy feels the pressure

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  American Dollar is following non-farm payrolls data