Baku 20° C
Gold price continues to fall on markets
Finance
- 27 January, 2017
- 10:31
Baku. 27 January. REPORT.AZ/ Gold price continues to fall amid continuation of upward trend in US stock markets and investors targeting high-risk financial assets.
Report informs citing the Bloomberg, thus, a reduction in the price of gold continues for 4 days and made over 3%.
Australian Bullion Co Chief Economist Jordan Eliseo said that the price of gold started to fall after the US Federal Reserves System (FRS) started to increase interest rates: "The increase in stock market indices from December by 95 USD/ounce, or 8.5% has led to decline in gold prices ".
Analytical Group of Report believes, in medium and long-term gold prices will drop to 1,000 USD / ounce in the short term gold prices will fluctuate at 1100-1200 US USD/ounce.
Author
Latest News
00:06
Congo says number of confirmed Ebola cases rises to 635
Other countries23:37
Azerbaijan urges mine-action support on behalf of 19 states
Foreign policy23:16
Azerbaijan crucial for Europe's energy market, Moldovan minister says
Energy22:49
Azerbaijan, Austria hold first consular consultations
Foreign policy22:23
Trump congratulates Pashinyan on victory in parliamentary elections
Other countries21:58
Sybiha: 47 states, EU condemn Russia's attack on nuclear facility
Other countries21:52
Photo
Azerbaijan, Netherlands launch probation cooperation project
Foreign policy21:37
Bodies of Azerbaijanis killed in Sea of Azov attack brought home
Foreign policy21:26