Gold Value Reduces and Sale of Gold Bullion Coins Increases

30 Jan 2017  Mon

The value for Gold fixtures in February reduced by 0.1% and reached $1,188.40 an ounce on the Comex division of the New York Mercantile Exchange. This value has been the lowest since 10th January. Experts believe that this could be because of the fluctuations in the dollar value and also because investors are locking in profits till the Fed meetings.

Gold futures declined 1.4% following four weeks of increases that had lifted prices by $71.30 or 6.3%. When the yellow metal last settled higher on Monday, it logged its best close since Nov. 17. Prices so far this year are still 3.2% higher.

The sale of Gold bullion coins increased by 17,500 ounces including 13,500 ounces in American Gold Eagles and 16,500 ounces in American Gold Buffalo coins.

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