Eworld.com-Gold futures on the COMEX division of the New York Mercantile Exchange ended down sharply on Monday (Tuesday morning GMT), after the US Federal Bureau of Investigation (FBI) frees US presidential candidate Hillary Clinton on the alleged leak of confidential government information.
FBI Director James Comey, in a letter addressed to US pparlemen, stating no criminal violations related to electronic mail, when Clinton became the Minister of Foreign Affairs.
Gold futures prices rose on the COMEX Division of the New York Mercantile Exchange. – Between
The most active gold contract for December delivery fell sharply by 25.1 dollars, or 1.92 percent, to settle at 1279.40 dollars per ounce. All the focus in the presidential election, but eased investor fears over a possible US presidential candidate Donald Trump won the US election.
Many believe that if elected, Trump will renegotiate or eliminate the US trade agreement, drastically destabilize the market, which combines figures trade agreement it became models of trading algorithms and ratings. Many analysts believe that if the deal they are suddenly torn, models would no longer be relied upon and as a result, the market will adjust. Until the last week before the election, analysts believe that the former US Secretary of State Hillary Clinton is the most likely to have
But in recent days the belief was shaken by the US FBI announced it had found new evidence in the investigation account eltroniknya letters recently, destabilizing the market and push gold prices rose. Gold was put under further pressure as the US dollar index rose 0.37 percent to 97.71 at 19:30 GMT. The index is a measure of the US dollar against a basket of major currencies.
Gold and the dollar usually move in opposite directions, which means that if the US dollar rises, the gold futures will fall because gold is measured in dollars more expensive for investors. The Dow Jones Industrial Average rose 349 points, or 1.95 percent at 19:30 GMT.
Analysts noted that while equities posted a loss of the precious metal usually rises, as investors sought a safe haven, while conversely when the equities posted gains, the precious metal is usually down. Silver for December delivery fell 22 cents, or 1.20 percent, to close at 18.151 dollars per ounce. Platinum for January delivery dropped 3.1 dollars, or 0.31 percent, to close at 1001.40 dollars per ounce.