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Gold fell levels with the US growth data improvement
Gold saw a decline during Friday's trading, after rising tried the beginning of the day comes after the improvement of growth data from the US economy which has increased the demand for the dollar and pushed him to the negative impact on gold levels.
Gold prices are currently trading down to the lowest level at $ 1226.30 an ounce and was today's session opened at $ 1233.40 an ounce, while has risen to its highest level at $ 1240.20 an ounce. This comes after gold prices rose this week at $ 1253.10 an ounce, the highest level since the week.
Gold fell levels comes after the US economy, announced the recovery rates of growth during the fourth quarter of 2015, higher than expected, which indicates the stability of the situation in the US economy with growing expectations that growth is on the way to improvement this year.
Support the growth came from business inventories and forecasts indicate that the household sector has achieved a surplus of lower crude oil and energy prices, which may increase especially in light of improvement in the employment sector levels in the United States spending.
The US dollar managed to rise against a basket of major currencies in today's trading after it found support from improved US data, the results in the activation of the inverse relationship between gold and the dollar.
The dollar index, which tracks the dollar's performance against a basket of major currencies witnessed a rise in the day, its highest level at 97.88 after it opened today's session at the level of 97.44 to currently trade at 97.82 while the level has dropped to its lowest level of the day at 97.09.
