The Gold Price Fell 100 Dollars US

Gold futures dropped some time ago to make 100 dollars below 1700 U.S. dollars per troy ounce (1 troy ounce equivalent of 31.1 grams). Among the causes is when after the Federal Reserve (the Fed) give the signal would not provide additional monetary stimulus to boost U.S. economic growth. This causes the electronic trading on the Comex, New York, gold for April delivery fell U.S. $ 90.30, or 5 percent, to 1698.10 dollars at 5:14 PM, Wednesday (02/29/2012) New time York. Even at the last transaction, the price of gold crashing for 100 dollars or 5.6 percent, to 1688.40 U.S. dollars per troy ounce. This is the worst level for most-active contract since January 25 last. Yet this precious metal some time ago had perched on the position of 1792.70 U.S. dollars per troy ounce, the highest level in 3 months. Contract price of gold dropped a few moments ago Dramatically to 100 us dollars make it under 1.700 U.S. dollars per troy ounce (one troy ounce is equivalent to 31.1 grams). Among the cause is when after the Central Bank of the United States (the Fed) Gives the signal will not Provide additional monetary stimulus to Encourage Growth of the U.S. economy. This led to electronic trading on the Comex in New York, the price of gold for April delivery dropped 90.30 us dollars, or 5 percent, to the U. S. dollar at .10 1698 at 5: 14 PM, Wednesday (02/29/2012) New York time. Even on the transaction, the price of gold crashed by 100 U.S. dollars or 5.6 percent to 1688 v1.40 U.S. dollars per troy ounce. This is the worst level since the submitters to contract last January 25. This precious metal when some time ago was perched on the position of the U.S. dollar 1792 .70 per troy ounce, the top level in the last 3 months. When the closing market price of gold was down 4.3 percent to 1.380 .30 U.S. dollars. 'People want That the Fed would ease its policy Despite the perception That the economic situation is good,' said James Dailey, WHO manages 215 million U.S. dollars in the TEAM Financial Management LLC, Harrisburg, Pennsylvania. The reason, in testimony before Congress, former Governor of the Fed, Ben S. Bernanke, no signal menperlihatkan That the central bank will take new measures to boost liquidity. As a result, the U. S. Increased dollar by 0.8 per cent against a number of major currencies, and scrape the gold as an alternative investment. "Investor Sentiment changed According to the Fed are not committed to anything. This is the nature of the manic market, 'Add James.