Two factors have led to the low gold price on Thursday:
1 - the price of the dollar against a number of currencies, reaching its highest level in 7 months.
2 - A declaration of the International Monetary Fund intention to put large quantities of gold for sale on the market.
The second news item in particular has led to a decline in the price of gold from the highest levels on Wednesday at 1126 to 1101 following the statement by the International Monetary Fund.
And analysts expect that the impact of these factors at the price of gold in the coming period, but not as big a situation in mind that gold has consolidated his feet against the dollar.
1 - the price of the dollar against a number of currencies, reaching its highest level in 7 months.
2 - A declaration of the International Monetary Fund intention to put large quantities of gold for sale on the market.
The second news item in particular has led to a decline in the price of gold from the highest levels on Wednesday at 1126 to 1101 following the statement by the International Monetary Fund.
And analysts expect that the impact of these factors at the price of gold in the coming period, but not as big a situation in mind that gold has consolidated his feet against the dollar.
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