Translated material
Gold has become a victim of strengthening the dollar
Yesterday, world prices for gold fell sharply, RBC reports. The price dropped below $ 400 per ounce and reached the level of November 2003, Sergei Suverov, an analyst with Zenit Bank, believes that this is due to the market expectations for raising the US Federal Reserve Service. An increase in the discount rate should strengthen the dollar, and this, in turn, should lead to a decrease in gold prices.