On the Comex division of the New York Mercantile Exchange, gold futures fell in December delivery rose US $ 4.40 per ounce, or the equivalent of 0.41%, to trade at $ 1.071.90 per ounce during European morning trade, and the gold had earlier fallen to $ 1.066.50 per ounce a level not recorded by gold six years ago.
It fell Gold futures more than 10% of its value on October / October 28 since amid growing expectations of a rate hike for the first time in nearly a decade in the seminal meeting in mid-December.
It is supposed to cause expectations for higher interest rates in promoting downward trend for gold, where it will push the precious metal to compete to get investors' money with revenue rising rate hike assets.
At the same time, silver futures fell in December delivery rose 8.1 cents, or the equivalent of 0.57%, to trade at $ 14.01 per ounce, after falling to $ 13.87 per ounce during the earlier Hoadny Sarlh since August / August 2009.
Rose and the US dollar index, which measures the strength of the dollar against a basket of six major currencies, a, affecting metals prices. And become dollar-denominated commodities become more expensive for investors who trade in other currencies when the dollar rises.
This week, market participants directed their attention to a series of US economic data scheduled on Wednesday in search of other signs of strength of the economy and the possibility of raising interest rates in December.
As the US markets will be closed on Thursday coincided with the Thanksgiving holiday and be trading on Friday, a half-day.
In the ICE Futures exchange of metals futures copper contracts recorded December / December delivery lowest price since June 2009, before recovering, while burdened the possibility of higher interest rates in the United States, and rising US dollar on a large scale in addition to the slowdown in economic growth the world, especially in China, the market sentiment.
The red metal prices have fallen by 30% since May amid fears of a slowdown in the global economy, led by China, which led to the feeling of traders concerned.
The giant Asian nation economically the largest consumer of copper in the world, consuming representing approximately 45% of the total global consumption of the industrial metal.