While it is unclear whether the Federal Reserve's plan to reduce its financial and support measures has left many investors struggling in financial markets, the dollar's strengthening last week led global gold prices to record a weekly drop for the first time in five weeks, according to Newsfellow.
Spot Gold, the gold cash purchase price on the London Metal Exchange, fell 0.41 percent to $1,787 and 34 cents. The index exceeded $1,800 yesterday. The pre-purchase price for an ounce of U.S. gold dropped 0.66 percent to $1,788 and 20 cents.
Bart Malek, head of commodity purchase strategy at TD Bonds, believes that the growth in bond profits led them not to pour their capital investment funds into gold.
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.