Gold falls and the dollar rises along with stocks

Gold falls and the dollar rises along with stocks

Gold fell away from him the highest price in three weeks the previous day during the trading day Wednesday as the dollar rebounded, with enhanced high European and upbeat Chinese trade data stocks risk appetite.

In section Comex gold futures retreated received in June by 1.09% currently trading at $ 1.246.80 per ounce 9:46 GMT.

The precious metal record highs of $ 1.262.60 per ounce on Tuesday, its highest price since March 18 / March ..

The dollar index, which measures the dollar's strength against a basket of six currencies, trading up 0.54 percent to 94.52, rebounding from its lowest level in eight months and on Tuesday from 93.62.

The dollar fell in all sectors after the recent dovish comments from the President of the Federal Reserve Janet Yellen, which prompted investors to exclude raise expectations about the timing of the next interest rate.

And it makes low interest rates the dollar less attractive to producers seeking returns.

And related goods fell currencies after the upbeat trade data from China yesterday, which eased concerns over a slowdown in the second largest economy in the world.

Official data showed that China's exports jumped 11.5% from a year earlier in March / March, the first increase since June.

Gold rose more than 17% this year so far as the market turmoil has strengthened due to the sharp decline in China's stock and currency markets in the beginning of the year, concerns about the banking sector's health in Europe boosted investor appetite for gold and other safe-haven assets, including the yen.

Elsewhere in metals trading, silver May delivery contract fell 0.97% to $ 16.06 an ounce, while copper May delivery rose 0.42% to record US $ 2.156 a pound