Dynamics
On Wednesday, February 3 quotes for gold and silver closed with a slight decrease in value against the strengthening U.S. dollar on the foreign exchange market, FOREX, and also because of the negative dynamics of neighboring markets and stock exchanges, and technical reasons.

According to the results of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures fell to 6.00 to 1112.00 dollars per troy ounce, quotes, silver futures fell 43 cents to 16.32 dollars per ounce.

Causes
on Wednesday 3 February futures on precious metals have completed trades with a decrease in the price of the following factors: 1 - strengthening of the dollar in the FOREX market amid falling risk appetite after the release of economic news and makrostatistiki (fear of finance Greece and the less-than-expected decline in the number of jobs in the private sector, U.S. - 22000) 2 - Economic News - news about the strike in Greece񟝘s largest union, which can damage the Government"s plans to fix its finances, has only added pressure on gold 3 - negative dynamics of stock exchanges, where the major U.S. stock indexes closed in negative zone against a background of frustration for some of the financial statements - Pfizer Inc. (Dow Jones industrial average - 10270.55 (-26.30, or -0.26%), Nasdaq Composite - 2190.91 (0.85, or 0.04%), SP 500 - 1097.28 (-6.04 or -0.55%)), 4 - technical reasons - futures Gold faced with technical resistance around 1130.00 dollars per troy ounce, which prompted some investors to take profit; 5 - reduction in adjacent markets, namely the drop in prices in the oil market.
silver futures fell along with gold futures in anticipation of release of data on employment in the U.S. on Friday. Prices for platinum and palladium fell to the background of some profit taking investors after the recent growth.

What to expect?
Traditional purchase of precious metals in the early years of the funds, the general improvement in investor sentiment, as well as lowering the U.S. dollar will provide sustained support for quotations of gold and silver. However, the situation could change dramatically if the dollar will resume its strengthening, as the inverse correlation between the dollar and the prices of precious metals continues.

Why worry?
volatile changes in the currency market may be reflected in the sharp fluctuations of prices for precious metals.

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