Gold recovered from a three-month low

During today's trading gold technically wins back its decline over the previous six sessions. Gold on COMEX has fallen in price on the eve of the sixth time in a row, dropping to its lowest level in nearly six months. Gold sales were caused by the persistence of stable positions of the U.S. dollar, significantly weakened investment demand for gold bullion. However, active gold sales have stopped after the eve of his quotes in the bidding for the first time in nearly six months, sank below $ 1525 USD / ounce, providing favorable conditions for its technology purchases.

Investment demand for physical gold on the eve remained stable. Thus, the assets of gold, held by ETFs SPDR Gold Trust, which is the world's largest holder of gold among investment institutions, Dec. 29 remained unchanged and amounted to 1 254.6 thousand tons of gold. This is their lowest level since early November of this year Note the fund's assets SPDR Gold Trust do not change from December 22. Since the beginning of December, they fell by 44.1 tonnes of gold, after November 30 they reached a maximum level of 10 and a half months - 1.298 tonnes of gold.

The cost of the February futures on the COMEX today rose to 1577.1 dollar per ounce.