The price of the gold dropped slightly this week, and the investors paid off

Gold prices declined slightly this week, and investors ended up benefiting from a sharp increase in gold prices this week. In Europe, gold futures in New York fell by 0.8 per cent to $4,385.90 per ounce. This week ' s gold price went through the $4,400 mark, after weak inflation data reduced the market ' s expectations of the September interest rate hike. According to Sucden Financial Analyst: “The overall upward trend has not changed, but neither of the two markets is currently keeping up with the recent highs, which suggests that some gains have been made in the market following the significant increase in gold prices.” Market pricing suggests that the Fed is currently expected to raise interest rates by only 32 per cent next month。