Gold
fell 1 percent on Tuesday, pressured as the dollar strengthened on
renewed expectations that the Federal Reserve will raise U.S. interest
rates for the first time in nearly a decade.
Weakness
in other commodities also weighed on gold, which rallied last week
after the Fed left rates at ultra-low levels, keeping a lid on the
opportunity cost of holding non-yielding bullion. Gold failed to
maintain those gains after a Fed official emphasized that a rise had
only been postponed.
Spot
gold was down 0.7 percent at $1,125.22 an ounce at 3:17 p.m. EDT (1917
GMT), while U.S. gold futures for December delivery settled down 0.7
percent at $1,124.80 an ounce.
Platinum
slid the most among precious metals, down more than 3 percent to a
6-1/2-year low. Some traders cited news that the falsification of
Volkswagen AG U.S. vehicle emission tests could affect 11 million of its
cars worldwide. Platinum is used in diesel catalysts.
Platinum was down 3.4 percent at $932.75 an ounce, after falling to its lowest since January 2009 at $929.50.
Source : Reuters
0 komentar :
Post a Comment