• Gold fell

Market news

21 December 2011

Gold fell

The value of gold goes down in relation to the strengthening of the dollar caused by theresults of the first three years of unlimited auction the European Central Bank.Strengthening of the dollar due to concerns for the euro area growth after three years of unlimited ECB auction in which banks attracted the euro 489.191 billion euros. Earlier, the regulator as a crisis support eurozone banking system to use the maximum annualauctions. Dollar against the basket of six currencies of countries - major trade partners ofthe United States grew by 0.13% - up 79.92 points.

February gold in electronic trading on the New York Stock Exchange on Comex fell to1607.70 dollars per troy ounce.

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