World Gold continues to retreat after a long series of monthly losses

The global decline in the price of gold, on Friday, extending a decline of 1% in the previous session to make the precious metal recorded the longest series of monthly losses in 16 years

And other commodities fell as the price of oil fell 1% copper scored lowest level in three months and platinum lowest level in seven weeks after weak economic data from China and the euro zone have undermined morale

The currency also had a negative impact on the market as euro hovered around its lowest level in seven weeks against the dollar

The decline in gold price in the spot market 0.7% to 1569.66 dollars an ounce, and scored the yellow metal loss by 5% in February in the biggest monthly decline since May and the fifth monthly decline in a row, and dropped contracts U.S. futures for gold delivery in April 0.5% to 1569.70 dollars an ounce

The benchmark platinum 1.2% to its lowest level in seven weeks at 1560.75 dollars an ounce from his retreat Activity Chinese factories to the lowest level in five months in February, and in the latest insider price of platinum 1563.24 low $ 1% from the previous session, fell palladium 1.2% to 717.25 dollars an ounce, while silver fell 1.5% to 28.05 dollars an ounce..

 

Source: LONDON (Reuters)