The price of gold fell 0.6% after the Federal Reserve released the minutes of electronic disk recovery-Zhongxinjinchuang Group(Official website)

Newsroom

新闻动态

The price of gold fell 0.6% after the Federal Reserve released the minutes of electronic disk recovery

2017-05-04

Securities Times net 08 month 18 days gold futures prices fell, as of closing, the New York Mercantile Exchange gold futures market trading was the most active December gold price 17, compared with the previous trading day fell $8.1 to settle at $1348.8 an ounce, down 0.6%. Other precious metals, silver futures for September delivery fell 22.6 cents to $19.648 per ounce, a decrease of 1.14%; October delivery gold futures fell $9.4 to $1114.7 per ounce, a decrease of 0.84%.

Market analysts believe that the day before the Federal Reserve announced the latest monetary policy summary minutes, traders generally expected the Fed will raise the possibility of interest rates, leading to a decline in the gold price. In fact, after the closing of the announcement of the monetary policy minutes of the meeting, the Fed officials in terms of interest rates are not consistent, the gold market in the electronic market bottomed out.