Gold and silver are close to the lowest level in 4 years
Gold and silver are close to the lowest level in 4 years
03/11/2014 10:15 GMT
Follow-up – and babysit – and continued to gold and silver prices surge losses for a fourth straight session on Monday, to near their lowest levels in more than four years with the rise of the dollar, which has increased the demand for sales and expectations for further decline.
And precious metals received a painful blow on Friday after the Bank of Japan’s decision to increase the sudden massive purchases of bonds, which pay for the yen to fall to its lowest level in seven years against the dollar.
The dollar hit on Monday, its highest level in four years against a basket of major currencies, which is somewhat larger than the metal’s appeal as a hedge tool degree.
The price of gold fell one percent in spot transactions to $ 1161.70 an ounce (an ounce) before it gets better for being traded down 0.2 percent at $ 1171.06 an ounce at 0720 GMT.
The yellow metal down to $ 1161.25 an ounce on Friday, its lowest level since July July 2010 before closing down two percent.
Silver fell to $ 15.72 an ounce, the lowest price since February of 2010, while platinum was trading near its lowest level in a month.
By 0720 GMT, the price of silver to $ 15.99 an ounce, down 0.93 percent.
Platinum rose 0.24 percent to the price of $ 1231.49 an ounce, while palladium price increased 0.70 percent to $ 793.72 an ounce.
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