Gold prices tumbled on Thursday, during the European morning trade

Gold prices tumbled on Thursday, during the European morning trade

By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017
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  Gold prices tumbled on Thursday, during the European morning trade. The gold prices dropped below $1.200, a level set by the Federal Reserve Chair Janet Yellen to keep the US economy able to certificate higher interest rates.

  For the month of February the Comex division of the New York Mercantile Exchange decreased 12.35 dollars, reaching $1,199.75 a troy ounce. 

  The economy of the United States rose beyond expectation, more than 2%. This makes more than clear that the Central Bank of the United States will rise interest rates, according to Federal Reserve Chair Janet Yellen's declarations on Wednesday.

  More information on the economic area and the monetary policy will be discused on Thursday, when Yellen will have yet another speech.
The dollar index rose on Thursday, at 101.20. 
  The silver futures for the month of March went down 1.9%, reaching $16.94 a troy once.
Palladium decreased 0.1%,  reaching $2.620. Platinum went down by 0.9%, reaching $963.25. The copper futures decreased 0.1%,  going to $2.620 per pound. 

 

Oliver Miller

Oliver Miller

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