the international spot gold rose

Profit taking by investors as well as a stronger dollar, the international spot gold rose overnight from last week's highs. Tuesday continued a slight decline in early Asia after the rebound, currently trading at $ 1,723.00 / ounce. Analysis pointed out that short-term trend for gold speculators are still cautious, short-term gold trend expected turbulence.
 Japanese Finance Minister Ann live soon (Jun Azumi) Monday (October 31) said in a statement Monday, the Japanese authorities unilaterally intervened in currency markets. On live soon pointed out that Japan seeks to suppress the interference behavior of speculators pushing up the yen, because the appreciation of the yen threatens to undermine the Japanese economy since the March earthquake recovery.
 Royal Bank of Canada Capital Markets (RBC Capital Markets), precious metals analyst said George Gero, Japan's intervention in currency markets pushed the dollar higher, and some of the funds due to the lack of details of the euro rescue package on Monday to settle positions cause the price lower. At the same time, some investors do not want to sell gold, because of slowing U.S. economic growth and continued concerns about euro zone debt crisis, they think that the future market volatility will be greater.
 However, George Gero also pointed out that the global Man Financial (MF Global) filed for bankruptcy on the possible impact of financial market uncertainty on the other hand, to prevent large-scale investors, bargain hunters.

the international spot gold rose