Gold price in Asia is under pressured by US dollar

News24xx.com - Gold prices in Asian trade is under pressure along with the strengthened of the dollar against the currencies of countries in the world. The price of gold briefly touched the lower in two-week cause by a rise in the US dollar and US Treasury which reduced the gold as an investment.

As quoted from Reuters on Tuesday, April 24th, the price of gold had touched the lowest level for two weeks finally managed to regain strength in trading in this Tuesday.

After falling for three sessions, the price of gold again rose 0.1% to US $ 1,325.16 per ounce, not far from the lowest of US $ 1,321.81 per ounce which was occured on Monday, or the weakest level since April 6th.

A number of things that affect the stability of today's gold prices include the dollar exchange which is currently stable near the highest level after more than three months past. Meanwhile, US bond prices fell on Monday, with 10-year yields reach the highest in more than four years.

Barrick Gold Corp has sold its assets to pay a debt and will use some of its funds for expansion and pay dividends. Barrick Gold Corp is likely to lose its position as the largest gold producer in the world due to decreasing production.

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