Gold Comex price movements observed continued strengthened in trade this morning, Monday (19/10/2016), in line with the weakening of the U.S. dollar.
The price of gold Comex contract December 2016, today opened a thin ride 0.08% or 1 point to US $ 1,263 per ounce.,90
Then at 7:24 PM GMT, the price movement of gold strengthened 0.11% or 1.40 points to US $ 1.264 .30.
On trade Selassa (18/10/2016), gold Comex closed with a gain of 0.50% or 6.30 points to US $ 1.262,90
per ounce. Meanwhile, the U.S. Dollar Index, tracking the movement of the dollar against a number of major currencies this morning observed weakening 0.11% or 0.108 points to 97.787 at 08 EST
. The weakening of the dollar occurred after U.S. core inflation data in September rose a smaller than expected so as to encourage the traders reduced the prediction of a rise in interest rates by The Fed this year.