‘Dive’ 2% gold – Lost $ 1,800

Gold plunged 2% on Thursday, to its biggest daily drop in six weeks, in the first reaction of the precious metal after the publication of the minutes from the last meeting of the Federal Reserve.

According to the minutes, the officials of the US Federal Reserve are considering the acceleration of the increase of interest rates and possibly at a faster pace in order to tame the high inflation.

Rising inflation rates usually favor gold, but the prospect of higher interest rates dampens its attractiveness over government bond yields.

Today his performance 10-year US government bond has strengthened to 1,726, while since the beginning of the week it has added about 21 basis points. On Thursday, the dollar strengthened by 0.1%.

In this climate, the gold delivery in February fell $ 35.90, or 2%, to $ 1,789.20 an ounce.

As for the other metals, the March delivery silver fell 98 cents, or 4.2 percent, to $ 22.19 an ounce. THE april delivery platinum lost $ 41.20, or 4.1%, to fall to $ 960.70 an ounce, while the March delivery contract for palladium slipped $ 28.70, or 1.5%, to $ 1,873.90 an ounce.

Finally, the March delivery copper lost 5.9 cents, or 1.3%, to $ 4.3545 a pound.