Gold Falls with the Rise of the Dollar and Before the Meeting of the U.S. Federal Reserve

Gold falls with the rise of the dollar and before the meeting of the U.S. Federal Reserve. The price of gold fell on Wednesday, June 18th with the rise of the dollar and as investors withdraw money from the funds of precious metals, with many investors taking wait and see attitude before the meeting of the U.S. Federal Reserve.

And dropped the price of gold in the spot market rose 0.2% to 1268.75 dollars an ounce after trading ended the previous session little changed stable. The gold record its highest level in three weeks at 1284.85 dollars on Monday reinforced when the turmoil in Iraq and Ukraine attractiveness as a safe haven compared with riskier assets such as stocks.

And many expect that the Federal Reserve Board to cut another $ 10 billion of its monthly bond purchases in the two-day meeting concludes Wednesday evening June 18. As the price of silver fell 0.1% to 19.66 dollars per ounce.

ahraraliraq.com

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