As predicted by analysts, last week the closing price of gold was 13,53.76 USD per ounce.
Analysts believe that the falling price is happening in response to monetary policy changes undertaken by the U.S. Federal Reserve System, which agreed in January to raise its policy interest rate three times in 2018.0
With the U.S. central bank expected to raise its policy interest rate this month, it is predicted that the price of gold will continue to drop until mid-March.
As predicted by analysts, last week the closing price of gold was 13,53.76 USD per ounce.
Analysts believe that the falling price is happening in response to monetary policy changes undertaken by the U.S. Federal Reserve System, which agreed in January to raise its policy interest rate three times in 2018.0
With the U.S. central bank expected to raise its policy interest rate this month, it is predicted that the price of gold will continue to drop until mid-March.