gold price new high $ 1,625

High gold price of $ 1,625



Last week, the international gold pricecontinued upside, a new record high, the highest at $ 1,594.16 an ounce on the station, showing high-grade short-term linear passive, gold market bulls atmosphere unabated,

With Europe and the U.S. debt crisis is still worried about the market, the price of gold yesterday, and then break through the $ 1,600 plate integer points,

Gold has reached a new high $ 1,625.


However, the return of gold increase in number, and a great increase since July, short-term technical indicators RSI and KD are still in the overbought zone, do not rule out possible return to the international price of gold measured at $ 1,575.


Last week, the first international gold price due to weaker than expected payrolls data, to attract safe-haven buying into gold continue to go up, Houyinmudi Ratings downgraded sovereign credit rating in Ireland,


And the Fed is taking a step forward, said the stimulus package has been prepared, the gold buying into madness, the price of gold hit a record high for the week to go progressively rose gold pattern.


U.S. debt ceiling impasse last week a new high price of gold at $ 1,625