The futures of gold prices fluctuated in a narrow, hopeful downward rise from the positive stability of the US dollar index according to the relationship inverse between them amid the scarcity of economic data Monday by the American economy, the world's largest economy, following the committee member's talk. Federal Open market and President of the Philadelphia Federal Reserve Bank of Patrick Harker.
At 4:18 pm GMT, futures for gold prices rose 16 December December, 0.32% for current trading. At $1,278.30 for the ounce compared to the opening at $1,274.10 of the ounce, amidst the US dollar index rising 0.14% to 94.52 levels Compared to the opening at 94.39.
The member of the Federal Open Market Committee, Patrick Harker, said earlier in the day from Tokyo that he expected to raise interest rates on federal funds during the meeting of the Federal Commission on 13-14 December next December Despite the continued caution of monetary policy makers Fed about the pace of inflationary pressure growth in the United States.
Harker also stressed that the Fed, which was to go ahead with tightening monetary policy and raising short-term reference interest rates, was a third time this year, with 25 basis points to between 1.25% and 1.50%, prepare for any future shocks, it comes just hours before the detection of B. The US inflation rate for the month of October last October which may reflect slower growth.
Other than that, financial markets are currently looking closely at the recent World central bank governors by Janet Lynn, Reserve Bank province. The federal governor of the Central Bank of Japan, Harhiko Kuroda, and the governor of the Central Bank of England and the Governor of the central bank, Mark Carney The European Central Bank in Frankfurt, Mario Dragi, hosted a panel discussion entitled "At the Heart of politics: the Challenges and the disk available to contact the central bank"