Gold has reached its lowest levels in more than two weeks on Monday, following expectations of continued Japan's ultra-stimulus policy after Abe's election victory. This made the dollar more expensive than the rest of the major currencies and, accordingly, negatively affected the price of the yellow metal.The spot price of gold fell momentarily yesterday to the lowest value of 1 275 dollars per ounce or its lowest level since October 6. Futures of precious metal with delivery in December lost 4.1 dollars of value, to levels of 1 276.4 dollars per ounce.
No comments:
Post a Comment