Precious metals-expected Fed hike next week after the dollar strengthens gold ended down $10.50

Gold futures since February, the lowest closing level on Friday, fell for a fifth week line.

Expected Federal Reserve (the Fed) will raise rates next week, the dollar, putting pressure on gold. Market indicators showed that close to 100% the chance of Fed interest rate hike next week. This will be after the financial crisis, the Central Bank to raise interest rates for a second.

Raise interest rates for the first time in December 2015.

Higher interest rates usually make the dollar makes dollar-denominated gold hit under pressure.

Financial markets wait for the Fed policy meeting held on December 13 to 14th, a glimpse of the point chart of the Central Bank, which describes the members of the Central Bank's expectations of interest rate movements.

New York, February gold fell $10.50, or 0.9%, to close at $1161.90 an ounce, a record low since the beginning of February, about 1.1% this week. Analysts said that, in the short term, gold prospects are still the dollar and, because of the Fed meeting next week, the dollar and gold's inverse relationship may fade slightly.

But basically, if the dollar rally continues, selling pressure will continue.

On Friday, measured against a basket of six currencies, the dollar rose to 0.5%, up about 1% this week. The dollar could weaken demand for gold, for investors holding other currencies, gold becomes more expensive.

And raise interest rates to keep the dollar strong. If Fed rate hikes, United States the interest rate gap with other countries will be expanded.

European Central Bank said Thursday that it will expand its quantitative easing programme by December 2017, or even longer, with interest rates lower. In addition, the increase in investors ' appetite for risk assets, reducing safe-haven demand for gold.

The Dow Jones industrial average index rose for a fifth day on Friday.

But in the long term, gold is currently bottoming, once the Fed to raise interest rates in December, the meeting last year, history may repeat itself. In other metals trading, March silver settled at $16.967 an ounce, down 12.9 cents, or 0.8%, about 1.3% this week.

March copper rose 2.2 cents, or 0.8%, to us $2.648 per pound, this week closed higher by about 0.9%. January Platinum fell $28.80, or 3.1%, to 915 dollars per ounce, down about 1.7% this week. March Palladium fell $4, or 0.5%, to $735.05 an ounce, down 1.3% this week.