Gold prices fell after U.S. data reassured

A look on Comex market

Gold record on Wednesday a new global markets retreat after it scored the highest level during the course of the previous two weeks on the back of U.S. data, especially the manufacturing sector, which helped to alleviate the economic concerns that prevailed during the last period on cash facilities.

The decline in the price of gold in the spot market rate of 0.4% as theprice to 1645.89 USD/Troy an ounce, after he had arrived to 1671 dollarsearlier in the day.

The Institute for Supply Management said that the manufacturing sectorin the United States has grown over the past month, the fastest pace inten months prior to removing concerns about the global economy, the largest loss of momentum at the beginning of the second quarter.

Among other precious metals price of silver fell 0.3 percent to 30.84dollars an ounce and platinum and palladium fell by 0.4% and 0.3% to1560.69 dollars an ounce and 673.7 dollars per ounce, respectively.

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