Gold fell sharply to its lowest level in three weeks on Thursday, with the rise of the dollar, after a reduction of support for the U.S. economy by the Federal Reserve, “the U.S. central bank” to stop him and the expectations of the program to buy bonds in the fall of 2014.<\/p>\n
Despite the severity of the crisis , however, the Ukrainian market is still suffering from the weak buying in China’s largest gold consumer in the world after the sharp decline in its currency.<\/p>\n
Chinese growth and reduce the bond buying most of Ukraine
\nThe Janet Yellen said in her first press conference as head of the Fed , after a meeting of the bank that the possibility of a two-day ” initiate bank to raise interest rates after 6 months of the termination of the current program to buy bonds .”<\/p>\n
And reflected on trading and metals markets in the world, retreated at 1325.34 dollars an ounce, its lowest level since 28 February , and then settled at 1331.60 dollars.<\/p>\n
The gold rose briefly to a peak in the six months to 1391.76 dollars Monday because of Ukraine and concern about growth in China .<\/p>\n
Continuing decline
\nThe director of trading at Wing Fung Precious Metals in Hong Kong Peter Fung ” is still demand in the market was very quiet and slow , but the market may recover and rise to a limited extent .”<\/p>\n
Fong added that “the decline in gold to around $ 1,300 an ounce Ward .”<\/p>\n
Gold futures fell and U.S. delivery April Dolarellonsh 9.20 to 1332.10 dollars after they recorded earlier to $ 1326.10 , the lowest price since the end of February .<\/p>\n","protected":false},"excerpt":{"rendered":"
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