Gold falls to lowest level in 6 months by a wave of selling

GOLD FALLS TO LOWEST LEVEL IN 6 MONTHS BY A WAVE OF SELLING

The price of gold lowest level in six months on Friday and approached the lowest level in three and a half years after awave of selling a huge following a decision by the U.S. central bank to reduce monetary stimulus. after losses this week is expected to record gold largest annual drop him in 32 years. fell Spot gold to its lowest level in six months at 1185.10 dollars per ounce earlier in the day Friday, then recovered some lost up to 1192.80 dollars by the time 0731 GMT, thanks to bargain hunting cheap.

Analysts and traders said technical factors and sentiment remains pessimistic Although gold may fall more than that. said a trader in precious metals in Hong Kong, “the volume of trading in Asia is very small so I do not expect a big movement on the spot., but throughout the day I think we may go down from the lowest levels of the year.”

Gold fell three percent, almost This week and 29 percent since the beginning of the year. and silver today fell 0.4 percent to 19.16 dollars an ounce, while platinum rose 0.3 percent to U.S. $ 1318.75 and palladium rose 0.5 percent to $ 697

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