The price of gold has updated a minimum of 3.5 months against the background of strengthening the dollar
LONDON (Reuters) – Gold price declines on Monday, but played some of their losses after the passage of the lowest level since mid-February, below the $ 1,200 per ounce, while the Fed chief comments about the imminent rise of interest rates helped the dollar to grow to two-month high.
US Federal Reserve should raise interest rates "in the coming months"If the pace of economic growth accelerated in line with expectations, but job growth will continue, said the head of the regulator Janet Yellen on Friday.
The head of the Federal Reserve Bank of St. Louis Dzheyms Bullard said on Monday that global markets seem "well prepared" the summer rate increase, but did not specify the date when this will happen.
Gold in 15.02 MSK traded at $ 1.209,10 per ounce compared to US $ 1.212,15 at the close of trading on Friday, and in the course of trading touched the level of $ 1.199,60 per ounce, the lowest level since February 17th.
Futures in the US fell $ 5.2 to $ 1.208,60 per ounce.
Trading volumes were low on Monday due to holidays in Britain and the United States.
"The next support level is $ 1,185, and if it is overcome, it will open the way to $ 1,160"- said principal analyst at Think Forex UK Naeem Aslam.
"Much will depend on how much will the dollar on Tuesday, when trading resumed in all markets", – said Edward Meir, analyst at INTL FCStone.
Silver traded at $ 15.97 per ounce compared to $ 16.22 for the close of trading on Friday, platinum was worth $ 972.9 compared to $ 972,00, and palladium – $ 540.0 vs. $ 536.55.
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