Gold prices have gone down to the lack of background in a speech by Fed Chairman Ben Bernanke, speaking in Congress, the controller signals the intention to take additional measures to stimulate the economy.
According to Bernanke, European debt crisis has increased markedly over the past two months, and the situation in the U.S. labor market and real estate remains difficult. The Fed has several tools to support the economy, which the controller is ready to apply in the event of further deterioration of the situation, but so far no concrete steps are not official announced. Investors continue to expect the outcome of the Fed meeting to be held later in June.
Earlier Thursday, investors win back the message to the U.S. Labor weekly number of applications for unemployment, which fell by 12,000 to 377,000, while analysts expected a decrease in the number of applications only three thousand.
In addition, markets with perceived positive solution of the Central Bank of China for the first time since 2008 to lower interest rates on deposits and loans for 1 year by 0.25 percentage points - to 3.25% from 3.5% to 6.31% from 6.56 %, respectively.
June gold futures on the COMEX fell to 1582.0 dollars per ounce. Earlier Thursday, precious metals rose in price up to 1627.20 dollars per ounce.
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