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- Gold fell
Gold fell
The price of gold decreases the second day in a row , while the strengthening of the U.S. dollar and the forthcoming publication of the minutes of the last meeting of the Operations Committee on the U.S. Federal Open Market investors keep buying from this metal , which is an alternative currency .
Gold prices are reduced in response to the strengthening of the dollar , which weakened demand from foreign investors. The price of gold is fixed in dollars and dollar growth during this precious metal more expensive for investors using other currencies .
Some investors fear to hold gold in their portfolios before the publication of the Protocols of the December meeting of the Fed , which will be released today at 19:00 GMT. Investors will see a more detailed picture of how central bankers have reached agreement on key minimize the program to stimulate the economy .
Gold has received support from the Fed attempts to keep borrowing costs low, because then assets with zero yield could easily compete with interest-earning assets, such as bonds .
Cost February gold futures on the COMEX today dropped to $ 1218.30 per ounce.
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