Gold futures on the five-year low in light of the strengthening of the dollar

Today
to 14.15 MSK gold futures fell
another 0.34% and cost $ 1079.70 per troy
ounce. This is the minimum level of prices
since 2010. Spot gold lost
0.18% to the level of 1 080.46 dollars an ounce.

grow
expectations that the US will raise interest
rate next month. This encourages
Dollar higher against a basket of currencies, which in its
turn, has a negative impact on
precious metals.

Economy
weakens worldwide, including in
China and India, and this limits the market consumption
gold and jewelry from him
(Remember, China and India - the two largest
the world's consumer of the precious metal).

Therefore
, the existing facts add up
for gold in the short term
negatively: even growing threat
strengthening of the war in the Middle East
led investors to move in
"Safe" assets such as gold.

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