Gold fell in New York market as the U.S. dollar appreciation of the euro eroded the appeal of the precious metal as an alternative investment.
The dollar touched the highest position in the top 10 last week the European currency. Production of industrial sector in the U.S. for November rose more than economists estimated. Thus triggering speculation the Federal Reserve will raise interest rates next year.
Throughout this year, gold rose 27% menyuntuh record at U.S. $ 1227.50 per ounce on December 3 in the middle of the lower interest rates in the U.S. who dragged the U.S. dollar.
Gold futures for February delivery fell U.S. $ 0.80 to U.S. $ 1123 per ounce on the Comex New York Mercantile Exchange.
Chicago Board of Trade indicate the possibility of 38% for the Fed to raise rates at least 25 bps in June, up from 33% probalilitas months ago.
Fed keeps key interest rate at 0.25% since December last year. While interest rates are European Central Bank at 1%.
