Gold down to level $ 1.230 Since the Early January 2014


Some of today's Gold rose to lowest level because dollars soared to the top, the Federal Reserve signaled that interest rates rise faster AS may be thorough.
As reviewed by cnbc that the Fed on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time", but also can indicate raise borrowing costs sooner than expected when it began to move.


'' The dollar jumped to a higher level and more than eight or ten months of gold fell to a low level 'profits and we are now back where we were at the beginning of the year,' "said Sharps Pixley CEO Ross Norman. 

'' However in the fourth quarter traditionally strong period for physical demand, I do not see the market will rise significantly higher or lower ... and I would not be surprised to see a price of around $ 1.230 / $ 1,240 at the end of the year. '"





Then US gold futures closed at the level of 0.7 per cent lower at $ 1,226.90 an ounce, the lowest settlement since January 8.

And Meanwhile, spot gold closed at rose 0.3 percent to $ 1,226 per ounce, after losing about 1 percent in the previous session.

"Technically, gold looks vulnerable, with the psychological $ 1,200 and $ 1,180 critically now a real possibility of being tested in the next few days or weeks," said Jason Cerisola agent group MKS.
Now this dollar rose to a quarter higher than before, and kaba good / bad news the Fed will raise interest rates faster than the market consensus of mid-2015. via cnbc

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