Gold fell by $100 on world commodity markets, APA-Economics reports.
A decline was recorded in the gold market yesterday. The price of gold on the Comex exchange fell by $100.30 or 2.39% to $4,094.20 per ounce. The spot gold price fell by $87.46 or 2.10% to $4,084.06 per ounce.
The deep decline in both segments indicates increased selling pressure in the market.
It was influenced by the strengthening of the dollar and the decline in prices, as well as by the macroeconomic indicators released regarding the U.S. economy, which reinforced expectations about the Federal Reserve’s (FED) policy.
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