Gold prices drop to below $ 1086 with the release of US data

Gold prices drop to below $ 1086 with the release of US data

Gold prices continue to decline, where it touched intraday high of $ 1085.90 an ounce and this with the release of both positive US data, existing homes for the month of June sales, which were better than expected and the past, and on this basis the US dollar index to rise by 0.42%, indicating support who gets it to rise against major currencies and commodities task.

The experts Vkano may Oharo earlier in the day that the fall in gold prices to below $ 1086 gives the signal for the further decline and the continuity of the wave of negative, however, prices may tend according to their expectations towards levels close to $ 1080 and with the potential to reach the level of $ 1030.25 an ounce as momentum continues downward.

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