- Gold falls on a stronger U.S. dollar
Market news
14 December 2015
Gold falls on a stronger U.S. dollar
Gold price declined on a stronger U.S. dollar. Analysts expect gold to trade in the range $1,065-$1,085 dollars per ounce ahead the release of the Fed's monetary policy meeting results on Wednesday. Analysts expect 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.
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