Gold price hits record low in last three months

Gold has lost 0.9 percent in value, reaching the lowest level since December 2014. An ounce of gold is currently priced at USD 1,156.

The drop in value of this precious metal is a consequence of high yields from liquid bonds in the USA, increase in share prices in markets and U.S. dollar strengthening, said the analysts of Switzerland's Commerrzbanz.

Dollar strengthening has resulted in a hike in the price of precious metals for investors outside the USA.

In the meantime, investors have once again turned to risky investments, primarily in the securities market.

For now, experts see no end to the decline of gold price because of good forecasts for the US finance sector as well as possible growth of reference rate of the Federal Reserve (FED) in the near future.