Demand For Gold Drops As Dollar Starts To Rise – 28 September, 2017

Despite Bullion going up to $1,286.97 an ounce, a 0.3 percent increase, it had slipped from it’s high of 0.4 percent, it’s lowest since the end of August. Gold is on track for it’s biggest losses since November as prices are down 2.6 percent this month. The losses are due to the Feds preparation of honing in and tightening monetary policy. The December delivery of gold futures rose up by 0.1 percent to $1,288.70 an ounce. The demand for gold has shifted due to the Dollar finally rising this month after constant drops throughout the year.