Singapore (Reuters) -
Gold Earring near its lowest level in eight weeks on Friday and is heading the biggest weekly losses to incurred since July with alert investors to the possibility of raising US interest rates this year, which leads to the displacement of funds backed metal funds.
Awaited traders in the market currently jobs report in the sectors US agricultural issued later on Friday for indications of the strength of the economy and its impact on monetary policy to the Federal Reserve (the US central bank).
The increased price of gold in 0.5 percent online transactions to $ 1109.10 an ounce (an ounce), but he did not stray far from the lowest level since September 11 that it reached the previous session at $ 1102.35 an ounce.
He lost the yellow metal three percent since the beginning of the week, its biggest such fall since the week ending July 24.
The president of the Federal Reserve Janet Yellen had said yesterday first Wednesday raising the prices Interest in December «a possibility» if justified by the coming economic data.
Among other precious metals moving silver, platinum third weekly losses to incur respectively while heading palladium to record the weakest weekly performance since September 2011 demotion 10 percent where hit by the exodus of funds from index funds .
and silver increased 0.6 percent to $ 15.05 an ounce and platinum and palladium rose 0.9 percent to $ 954.8 and $ 609.3 per ounce, respectively.
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