investing in gold: Gold prices fell during trading on Monday, after the big gains recorded during the previous month, due to rising US dollar, and an interview with a member of the Council of the US Federal Reserve on interest rates.
The head of the Federal Reserve Bank of St. Louis, the US, "James Bullard," said on Friday that investors are wrong in their predictions about the possibility of postponing the US central bank's decision to raise interest rates for the middle of this year.
Keep the US Federal Reserve on approach "patience" on the declaration of the date of lifting the low interest rate near "zero" during the last meeting.
Prompt delivery fell yellow metal price by about 0.6% to $ 1275.6 an ounce at 11:50 GMT.
The decline in the price of gold futures for delivery in April / February next by 0.1% to $ 1276.5 an ounce at 11:21 GMT.
The US dollar rose 0.2% against the Japanese yen to reach 117.7 yen at 12:05 GMT, also rose against the pound sterling at about 0.1% to $ 1.5041, while the decline against the euro by 0.3% to $ 1.1323.
The price of gold has recorded a rise of about 8.4% in the month Enyeralmadi, its biggest monthly gain since January 2012, after he had dropped during 2013 and 2014. Gold investing news