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Gold fell more than 1 percent Thursday, down to the lowest level since August by
Strong sales of filter from hedge funds and signs of improvement in the economy
U.s. investors to sell the precious metal gold retreat and average move in 200 days
You keep it for four months with reduced its appeal as a safe investment in the wake of a Government report
Showed that the US economy grew at an annual rate of 3.1 percent in the third quarter of this year, a faster pace than expected. the gold price fell in online transactions 1.1 percent to $ 1647.40 an ounce in late trading on the New York Mercantile Exchange after earlier record of meeting $ 1635.09 lowest level since 22 October. and loss of yellow metal 3 percent in the past three sessions, with partly due to the uncertainty associated with the efforts of us lawmakers To reach an agreement to avoid a fiscal cliff. and American gold futures delivery February $ record at 21.80
$ 1645.90 settlement for Troy ounce. the other precious metals silver dropped 3.4 percent to 29.87 dollars an ounce after earlier meeting 29.60 dollars and the lowest level in four months, falling 2.8 percent to Platinum 1543.00 dollars per ounce while Palladium fell 2.1 percent to 676.00 per Troy ounce.