Gold down 6% and closes at US$1,286.20 an ounce
The metal goes lower in the markets because the Federal Reserve says it will halt bond purchases
Diario Libre
SANTO DOMINGO. The price of gold fell yesterday by 6% on the New York exchange and closed at US$1,286.20 an ounce.
The fall in the price of the precious metal comes after statements from the chairman of the Federal Reserve Bank of the United States, Ben Bernanke, who said that the central bank might begin to reduce their purchases of bonds this year and end completely by the middle of next year.
To this there was also the worse than expected information on the United States labor situation and the industrial activity in China, so that the red numbers also covered the raw materials markets.
On Thursday the price of gold had operated with an intra-day maximum of US$1,351 and a minimum of US$1,285.70.
At 12:36 pm gold had operated at US$1,295.50, losing some US$57.40, a 4.25% drop against the US$1,350.90 at the close of business on Wednesday in New York.
The fall in the price of the precious metal comes after statements from the chairman of the Federal Reserve Bank of the United States, Ben Bernanke, who said that the central bank might begin to reduce their purchases of bonds this year and end completely by the middle of next year.
To this there was also the worse than expected information on the United States labor situation and the industrial activity in China, so that the red numbers also covered the raw materials markets.
On Thursday the price of gold had operated with an intra-day maximum of US$1,351 and a minimum of US$1,285.70.
At 12:36 pm gold had operated at US$1,295.50, losing some US$57.40, a 4.25% drop against the US$1,350.90 at the close of business on Wednesday in New York.
Diario Libre
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