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- Gold drops fifth straight day
Gold drops fifth straight day
Gold continues to drop fifth straight day against the dollar strengthening. The dollar index for the six major world currencies has increased since the beginning of the day at 0.85%, rising above the level of 80.8 points.
Today, the Italian government has successfully implemented a 6-month treasury bills in the amount of 9 billion euros ($ 11.8 billion). The average yield on them was 3.25% per annum, which exactly half that at the November auction. At the same amount of money claimed by investors to participate in the auction, is 1.7 times higher than the amount collected. In November, investors offered 1.5 times greater than the required amount.Against this background, the yield on 10-year Italian government bonds, which experts regard as the most accurate barometer of the investment trust, fell 12 basis points to 6.75% per annum.
February gold in electronic trading on the New York Stock Exchange on Comex fell to 1570.50 dollars per troy ounce.
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