The dollar index advanced 0.2%, making gold more expensive for holders of other currencies.
gold fell this Tuesday, September 12, and it was lows in almost a month. This was due to a slight rebound of the dollarwhile investors waited for the publication of the inflation report in USAwhich could clarify the trajectory of the interest rates of the Federal Reserve.
He spot gold gave up a 0.5% to US$1,912.39 the ounce, a floor since August 25. While the gold futures in the United States they fell a 0.6% to US$1,935.10.
Gold fell: in what context
He dollar indexwhich compares the greenback to a basket of six prominent currencies, advanced a 0.2% ahead of Wednesday’s release of data from the Consumer price index (CPI) of USA, making gold more expensive for holders of other currencies.
“People are exiting the market and waiting to see how the data comes outand maybe buy gold at a lower price because there are still (some) safety purchases,” he said Bob Haberkornsenior market strategist at RJO Futures.
He next Thursday will be known decision of the European Central Bank about the rates and markets are increasingly betting on a further increase.
“The European economy faces many challenges, so a “haven demand if investors see that the currency is going to be under pressure”said Harshal Barotsenior consultant at Metals Focus.
In other precious metals, the silver spot price was stable in US$23.07 the ounce; he platinum rose 1.4% to $910.82; and the palladium It added 1.5% to $1,236.17.
Source: Ambito
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