Gold Price Today in Kuwait have seen a significant decline, but the eyes remain directed towards the Federal Reserve Board about any indicators of the timing of a rate hike, investors are also awaiting the release of the minutes of the last meeting of the European Central Bank, which Ttrqubh markets for clues on what the Bank can take decisions concerning monetary policy in the coming period.
Gold prices fell during Thursday’s trading, as investors awaited the release of the latest meeting of the Fed minutes for any indications about the timing of a rate hike by the Federal Reserve.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery fell by $ 1.143.4 per ounce less than the highest price recorded on Wednesday in two weeks at 1.152.9.
Gold rose on Wednesday, supported by dollar weakness and declining expectations for higher interest rates in the United States.
Investors are also awaiting the release of the minutes of the last meeting of the European Central Bank, which Ttrqubh markets for clues on what can be taken by the Bank of decisions concerning monetary policy in the coming period.
And the dollar is vulnerable to selling pressure, where he confirmed the weak US jobs which were issued on Friday, concerns about a report that the slowdown in global economic growth has spread to the US economy, prompting investors to the exclusion of expectations about the timing of raising the initial price of the part of the Fed to early 2016.
Usually Maystvid gold from any delay in raising interest rates in the United States, and lead to higher interest rates make gold less competitive against higher-yielding assets.
The rate hike also to raise the value of the dollar, which would make dollar-denominated gold more expensive for holders of other currencies.