The price of gold is still falling in the midst of caution in the rate of reducing interest

The price of gold has still dropped as it warned traders in the future about the US Federal Reserve for interest rates, and the dollar rise to curb the precious metal recently. Gold was circulated near 3647 dollars per ounce, or about $ 60 less than its historic peak that reached Wednesday, which represented an unprecedented level arising from the US Central Bank’s decision to reduce interest rate of 25 basis points, and then the price dropped to the statements of federal reserve president Jerome Powell on the way of the financial policy, as to identify. “Each meeting separately” with regard to another cash facilitation. Gold usually benefits from low interest rates, as it does not know. Powell’s position boosted the US dollar, which negatively affected gold, which could buy it with other currencies.