According to the auction, the December futures for gold on the new York stock exchange Comex grew to 1088,5 dollars per Troy ounce amid falling dollar index.
MOSCOW, 9 Nov. Gold futures on Monday began to regain their positions with the decline of the dollar against most world currencies, according to AFP.
As at 17.59 GMT December futures for gold on the new York stock exchange Comex grew by $ 0.8, or 0.08%, to 1088,5 dollars per Troy ounce. The cost of December futures for silver have decreased on 0,65% — to 14.6 dollars per ounce.
The dollar index (the dollar against a basket of six currencies of countries — major U.S. trading partners) was down 0.08% to a 99.16 points. Investors tend to take profits after sharp jump of dollar on Friday, slightly reduces the value of the U.S. currency for most of the world and have a positive impact on the dynamics of gold prices.
In the first week of November, gold declined significantly in value, losing a total of 4.7 per cent. A significant role was played by the increase in the probability of a rate hike by the fed after the publication on Friday of the positive statistics on the labor market in the U.S., which showed a decrease of unemployment to 5% from 5.1% and an increase of jobs in non-agricultural sectors 271 thousand instead of the expected 184 thousand.
However, many bidders were still set in relation to gold skeptical. “It’s only a minor recovery, and cost (gold — edition) is still below the mark in 1100 dollars,” give its assessment analysts at Commerzbank, as quoted by the Agency MarketWatch.