The clear signs of calming the market as a measure of volatility futures fell on Friday to its lowest level in three weeks. Investors are taking a breather after coming down it difficult for gold over the past month in anticipation of higher interest rates in the United States, which severed from the metal's appeal as a store of value. Prices recorded a fifth weekly decline in a row, the longest slide since July.
Gold fell to its lowest level since February 2010 on Wednesday, reflecting expectations of officials of the Federal Reserve to tighten monetary policy when they meet next month. The deputy chairman of the Federal Reserve Stanley Fischer Thursday that the central bank has done everything in its power to avoid surprising the markets.
He said, "We have members of the Fed saying it will raise prices by December, which is old news," George Gero, vice president of global futures at RBC Capital Markets in New York, in a telephone interview. "The rise in metals prices and the rate of at least one."
Lost Gold futures for December delivery 0.1 percent to close at $ 1,076.30 an ounce at 01:44 on the Comex in New York. Prices dropped to $ 1,062 on Wednesday.
It fell 60 days historical metal volatility on Friday to its lowest level since October 28. According to futures Fed Fund chance 68% that policy makers will raise interest rates when they meet December 15 to 16 high rates of curb appeal of gold because it does not pay interest or provide returns, such as bonds and equities.
Investors are holding less gold through exchange-traded products in six years. Fell holdings in gold-backed 2.6 metric tons to 1,504.54 tons Police Department as of Thursday, the lowest level since March 2009, data compiled by Bloomberg show.
Silver futures for March delivery fell 0.9 percent to $ 14.126 an ounce on the Comex. On the New York Mercantile Exchange, and added palladium futures for December delivery 3.3 percent to $ 558.90 an ounce, while platinum futures for January delivery fell 0.3 percent to $ 855.90 an ounce.