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- Gold trading lower as political tensions eased
Gold trading lower as political tensions eased
Gold price declines since the beginning of the session after reaching on Friday its highest level in three and a half months.
On Friday, April gold futures on Comex closed up 0.6%, at $ 1,258.30 per ounce. The rise of gold has been associated with the publication of the US Federal Reserve meeting minutes. According to the minutes, the regulator may increase the benchmark interest rate soon enough, as the situation in the economy is improving.
Today, the price of gold futures for April delivery on the New York Stock Exchange fell to $ 1252.30 dollars per ounce.
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