Gold down, salt the likelihood of a rate increase in March

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The price of gold falls close to one-week low in European trading this Thursday morning, in the growing expectations of a rise in interest rates by the Federal Reserve in March.
Elsewhere on the Comex, gold futures down to $ 3.55, or 0.3%, at $ 1,246.45 a troy ounce at 3:10 AM ET (08: 10GMT), after marking a decrease of $ 4 yesterday.
The spot gold falls $ 4.00 to $ 1,245.60 an ounce.
The US dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was at 101,86 share in trade on the London morning.
The yield on Treasury bonds increases, with the bonds to the US in 10 years at 2.467%, while bonds in USA 2 years, very close to the Fed’s decisions, have a yield close to maximum of over 7 years of touched on yesterday ‘ 1.308%.
Lael Brainard, the Fed governor, said yesterday that the improvement of the global economy and the US recovery suggest that it would be “appropriate to get up early” interest rates.
His statements join the chorus of this week, signaling a possible rate hike in mid-March.
The President of the New York Fed’s William Dudley, on Tuesday said that the possibility of a tightening of monetary policy “has become much more urgent” and the Chairman of the Fed of San Francisco John Williams said that a rate hike will be taken seriously into considerations during the summit in March, since there would be no reason to delay the decision.
Other details about rate increases in advance of the summit of the Central Bank on 14 and 15 March are expected for Friday, during the intervention of President Janet Yellen Fed on monetary policy in Chicago; the Vice Chairman Stanley Fischer will speak this Friday.
After all the statements this week, investors expect faster increases in US interest rates.
According to the Instrument Control rates of the Fed’s Investing.com the likelihood of a rate increase during the March summit has rocketed to 75%, against 25% earlier this week.
The possibility of a second increase in September is equal to 63%, while that of a third increase in December is 53%.
The precious metal was affected by US rates, which drive up the cost of bullion management pushing the dollar.
Also on the Comex, silver futures for delivery in May, down 6.1 cents, or 0.3%, to $ 18.42 a troy ounce after scoring $ 18.51 Wednesday, up from 11 November.
Meanwhile platinum is down 0.2% at $ 1,017.55 and palladium was down 0.4% to $ 775.92 an ounce.
The copper futures are down 0.6 cents, or 0.2%, to $ 2.730 a pound.

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