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Gold under pressure, falls below $1,070

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - Gold prices fell on Monday in sync with other commodities amid thin volume between the Christmas and the New Year celebrations.

    Gold for February delivery fell below $1,070 an ounce and touched a low of $1,068.80 an ounce. The metal was last down 0.65% on the day at $1,069/oz.

    The yellow metal has traded erratically over the past days after the Federal Reserve raised rates from record lows. In the lead up to the Federal Reserve's meeting, the metal scored a 6-year low of $1,045 and remains on track to post an annual fall of around 9% in 2015, the third yearly loss in a row.
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