Gold fell for a second session in three sessions on Thursday due to high equity exposure and enhanced largest gold fund , the world’s largest sell-off in about four months .<\/p>\n
Gold fell nearly two percent on Tuesday to its lowest level in a week and a half of his operations selling for technical reasons and fears of slowing demand in China, the largest consumer of the metal in the world but has settled above $ 1,300 for an ounce in the previous session .<\/p>\n
By 0710 GMT, the spot price of gold down 0.3 percent to 1298.56 dollars an ounce . And silver fell 0.2 percent .<\/p>\n
A analysts said . Said . ZTE in a note , ” we do not have a strong vision for the direction of gold in the near term , but the track is likely to decline and technical factors predict greater losses.<\/p>\n
“It is likely that the renewed demand for gold as a safe haven in the short term ( because of Ukraine .) But the market remains volatile and is likely to be no rush to take profits . ”<\/p>\n
And obtain a high stock prices of gold , which is generally regarded as an alternative investment . The Asian stock markets rose on Thursday after comments flowing in the direction of monetary easing from the President of the Federal Reserve ( the U.S. central bank ) , which lifted Wall Street for a third straight session .<\/p>\n
But the most important factor is the sharp decline in the holdings of gold enhanced index funds , which tend to keep pace with the confidence of investors .<\/p>\n
The fund ‘s holdings have fallen Gold Trust AG . Th . De 8.39 tonnes to 798.43 tonnes on Wednesday , the biggest exodus since December 23 and after gains over the previous two sessions .<\/p>\n
The price of silver was down 0.2 percent to 19.57 dollars an ounce .<\/p>\n
Platinum rose 0.2 percent to record 1435.4 dollars, while palladium fell 0.1 percent to 797.3 dollars per ounce<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold fell for a second session in three sessions on Thursday due to high equity exposure and enhanced largest gold fund , the world’s largest sell-off in about four months . Gold fell nearly two percent on Tuesday to its lowest level in a week and a half of his operations selling for technical reasons […]<\/p>\n","protected":false},"author":3,"featured_media":436126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-436480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=436480"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/436126"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=436480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=436480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=436480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}