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    12.01.2016 16:53 Gold decreases on a stronger U.S. dollar

    Gold price fell on a stronger U.S. dollar. The U.S. dollar rose against other major currencies on speculation that the Fed will continue to raise its interest rates.

     

    The U.S. Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report on Tuesday. Job openings rose to 5.431 million in November from 5.349 million in October. October's figure was revised down from 5.383 million.

     

    Earlier (last week and yesterday), gold was supported by concerns over the slowdown in the Chinese economy.

     

    February futures for gold on the COMEX today fell to 1087.80 dollars per ounce.

     


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