Gold price falls in the absence of key drivers

Market news

9 December 2015

Gold price falls in the absence of key drivers

Gold price fell after an increase earlier on a weaker U.S. dollar.

Market participants are awaiting the Fed's monetary policy meeting next week. They speculate that the Fed will start raising its interest rate this month.

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

February futures for gold on the COMEX today declined to 1068.70 dollars per ounce.

Oil prices rise on the U.S. crude oil inventories data

Wall Street. Major U.S. stock-indexes mixed

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