Gold price continues to fall on markets

Baku. 27 January. REPORT.AZ/ Gold price continues to fall amid continuation of upward trend in US stock markets and investors targeting high-risk financial assets. 

Report informs citing the Bloomberg, thus, a reduction in the price of gold continues for 4 days and made over 3%.

Australian Bullion Co Chief Economist Jordan Eliseo said that the price of gold started to fall after the US Federal Reserves System (FRS) started to increase interest rates: "The increase in stock market indices from December by 95 USD/ounce, or 8.5% has led to decline in gold prices ".

Analytical Group of Report believes, in medium and long-term gold prices will drop to 1,000 USD / ounce in the short term gold prices will fluctuate at 1100-1200 US USD/ounce.