Gold slid After Rally Over Four Sessions

Learn Forex Commodity : Gold futures fell on Wednesday night, taking a pause after rallying for four sessions, with investors considering the next steps of the Federal Reserve will release its policy statement on this night, and with the condition that Cyprus has rejected the terms for the bailout.

Two factors that affect gold this week is Cyprus and the Federal Open Market Committee, said Jeffrey Wright, director general at the Global Hunter Securities.

"What happened in Cyprus and growing widening on this issue will have an impact on countries like Italy, Spain or Portugal," said Wright. 'If so, then the demand for the safe haven will increase rapidly in Europe. The euro may weaken but at the same time also strengthens dpat gold. "

For now gold moved $ 1607 dikisaran area with the highest price at $ 1614 and the lowest prices in 1605.