• Gold price declines slightly

Market news

14 September 2015

Gold price declines slightly

Gold price fell on the uncertainty over the Fed's interest rate hike continue to weigh on gold. It remains unclear if the Fed will start raising its interest rate in September or not.

The U.S. economic data was mixed in the recent weeks. The labour market continued to strengthen, while the inflation and wage growth remained low.

Gold is traded in U.S. dollars. It suffers when the U.S. dollar strengthens, becoming more expensive for holders of other currencies.

October futures for gold on the COMEX today fell to 1102.50 dollars per ounce.

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