Gold falls with the rise of the dollar because of the gloomy growth forecasts

Gold price technical analysis 17 - June, 2013

Gold prices fell slightly on Tuesday under pressure from the rise of the dollar as investors buy the U.S. currency for safety in light of concerns about global economic growth.

The decline in the price of gold in the spot market $ 1.50 to 1585.15 dollars per ounce.

Gold fell U.S. for August delivery 0.2 percent to 1585.30 USD/troy an ounce.

Silver fell 0.26 percent to 27.27 dollars an ounce .. Platinum price was down 0.36 percent to 1433.75 dollars an ounce, while palladium settled little changed at 578.53 dollars an ounce.

The meat on the dollar index hit a record month in which earlier this week, while the euro was down towards the two-year low against the dollar after China released data imports weaker than expected and pointed to a decline in domestic demand in the second-largest economy in the world.