Electronic gold futures prices on Monday(10month17day)Closing up0.90dollar

Huitong Network10month18Daily News - United StatesCOMEX 12monthgoldfuturesElectronic disk price Monday(10month17day)Closing up0.90USD, increase0.3%Report1256.40dollar/ounce; Gold prices rise, partly aided by listed trading funds(ETF)Gold holdings have steadily increased, and the US dollar has fallen after hitting a seven month high.

Meanwhile, the decline of the US dollar index from its earlier seven month high also provided support for gold prices as investors assessed whether the Federal Reserve would push inflation above its target before raising interest rates.

Analyst at Deutsche BankDaniel BriesemannThe support for gold prices is relatively mild, but since the beginning of this monthETFThe amount of gold holdings has steadily increased, and the growth rate so far this month has been higher than the entire month of last month. Last Friday, the world's largest gold backed listed trading fundSPDR　Gold TrustThe holding amount of gold has increased compared to last Thursday0.4%。

BriesemannIt is added that spot gold prices have fallen by approximately in the past seven weeks7%However, it is expected to stabilize as many speculators have withdrawn their long positions.
   
Federal Reserve Vice Chairman Fischer said on Monday that if interest rates continue to remain at current low levels, the US economy may face a longer and more severe recession, and low growth may leave the central bank powerless to effectively combat the recession.
   
Spot gold up0.4%Reported per ounce1255.60The US dollar, hardware prices fell nearly last week0.6%, to a one week low1,247.01The US dollar. Silver price rises0.35%Report17.44USD; Palladium falls1%Report637USD, touched on the previous trading day629.22The low level of the US dollar in the past three months.

Spot gold  http://quote.fx678.com/symbol/XAU