Gold prices depressed sentiment American bank meeting

Allinformation.com- The price of gold futures trading at the lowest value in the last two weeks as market participants take action to hold buy. This is done because they are awaiting the outcome of the US Federal Reserve meeting which lasted for two days.

gold futures for December delivery rose less than 0.1 percent at US $ 1,229.40 an ounce on the Comex in New York. On this day the price had reached the level of US $ 1,222.20, the lowest price since October 15.

Gold prices rose 0.5 percent, but then fell after exiting the data released by the United state government regarding orders for durable goods, which dropped in September.

Market participants took the negative response to the release of the data. Commodities Analyst at TD Securities, Toronto, United States, Mike Dragosits explained, the price of gold back to its lowest level as market participants awaiting the results of the Central Bank of the United States.

He said, '' The market is pretty disappointing response to the release of data on durable goods sales

The price of silver futures for December delivery rose 0.4 percent to US $ 17,226 labels per ounce. While palladium rose 0.8 percent to US $ 793.35.

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