Monday, August 20, 2018

Gold becomes cheaper when dollar

Gold becomes cheaper when the dollar strengthens

Gold prices are falling on the background of strengthening the dollar. However, gold still continues to be in demand as a more reliable asset for investment.



This afternoon, gold traded at $ 1.304,25 an ounce. Gold has fallen in price by improving US economic statistics last week.


"Interest in gold
as a reliable asset is retained, but
dollar puts pressure. the main thing
the test will be later this week,
when we get data on employment (in
USA), and possibly the Fed comments about
interest rates"- said a trader
in Sydney.


Afternoon and silver
traded at $ 20.62 an ounce, platinum
It costs $ 1.478,40, palladium - $ 882.75.



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