Gold prices fell more than 1%, thus reaching the lowest value in the last month amid uncertainty in the negotiations related to the problem of "fiscal cliff."
Note that investors are divided over the question about the potential impact of negotiations on the price of gold, making the precious metal "hostage technical pressure."
Analysts noted that the rapid decline in gold prices below the key level of $ 1,700 per ounce was caused accumulation of a large number of stop loss orders.
Also note that the break of the key psychological level of $ 1,700 to move below the 100-day, which fluctuates at around $ 1,695, it was the first time since mid-August, which ultimately increase sales, and has led to the fact that prices fell to $ 1,690 an ounce.
As a result of this, we note from precious metals trading positions upcoming key political decisions (the Fed meeting next week, and the ongoing negotiations on the "financial cliff") become more difficult, given the lack of clarity in the direction of the next movement of gold, many have chosen to stay away .
Also, investors focused on the prospects for employment in the non-agricultural sector of the U.S., which will be presented on Friday, and have a great relationship between job creation and monetary policy. Note that the lack of new jobs could mean that the current ultrasoft monetary policy will continue.
December futures price of gold on the COMEX is now 1696.70 an ounce.

© 2000-2026. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.