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Gold falls to lowest since January

FXStreet (Córdoba) - As the US dollar strengthened in the currency market, spot gold plummeted. The value of the ounce bottomed during the American session, after the FED and Yellen, at $1,221/oz, reaching the lowest level since early January.

The yellow metal is about to post the lowest close so far 2014 as it holds below $1,225; consolidating losses. So far, it has fallen $60 during September.

After the FOMC statement, XAU/USD initially reacted to the upside, rising to $1,238 but then reversed and turned to the downside, falling more than $15 in two hours.

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