Gold price

Gold in the short-term support is 1520 dollars, and below that support the market outlook is not optimistic about the prospects. If the $ 1520 support was not guaranteed, then the next key support level is 1470 U.S. dollars, and, this is indeed possible to make the price of gold dropping $ 1 400.

Recent key resistance of the gold price is $ 1600, and noted that the central bank purchase of gold and Southeast Asian countries, entities demand situation will be to boost the price of gold, but the demand situation in India is still sluggish in the near future.

gold price is falling

targeted the recent gold price is falling, Fu Peng, this is not the end of the past decade gold bull market. In the case of the current global debt system continues to expand, growing total debt, and currency over gold hedging hedging, debt can not be ignored. Any other country in the world, including the crisis-stricken Greece will never give up the gold reserves in exchange for liquidity, future gold price movements will still perform well.

gold futures

gold futures intraday price once stood 1,923.70 U.S. dollars, the highest price. New York spot gold prices fall $ 2.20, or 0.14 percent, an ounce to close at 1,559.25 dollars. September 6, 2011 intraday price once stood 1,921.15 U.S. dollars, a record high. This month since the price of gold futures fell 6.4%, and May 16 the price of gold futures hit an intraday 1,526.70 U.S. dollars, setting a December 29, 2011 to low, fear that the gold bull over the past 11 years gains no unsustainable. In April of this year, the central banks as the world's largest gold holders continue to buy gold, the International Monetary Fund (IMF) data show that, Turkey, to mention

price of gold

Investors worried about the Greek crisis could spread to European stock markets and international commodity markets fell sharply last night. Among them, the New York oil price fell below $ 90 mark, the price of gold fell 2 percent. EU officials agreed to its Member States to prepare for the Greek quit rumors of an emergency plan of the euro area, causing the market fears. Yesterday various European and American market is a down sound. Among them, the New York commodity markets crude oil futures for June delivery fell 2.1 percent, to close at $ 89.9 a barrel, and New York oil prices fell below $ 90 mark for the first time this year. Intraday price of gold fell more than 2 percent, the lowest in New York gold futures for June delivery fell $ 1,532.8 / oz or less the same with last week's this year's low to close at 1548.4 U.S. dollars / ounce

gold price rise

New York gold futures prices Wednesday, the biggest drop of nearly two weeks, consecutive three trading days of decline, deterioration of the debt crisis in Europe pushed up the dollar exchange rate market, cut the gold become the preserve and increase the attractiveness of the U.S. dollar, safe-haven investment. NEW YORK, June gold futures fell $ 28.20, or 1.79 percent, to $ 1,548.40 an ounce, the biggest drop since May 8th. September 6, 2011, gold futures intraday price once stood 1,923.70 U.S. dollars, the highest price. More optimistic U.S. economic data at night, April durable goods orders from - 4% rose to 0.2 percent, initial unemployment benefits last week fell to 37 million people since 375 000, May markit initial manufacturing PMI 53.0, once higher commodity, gold rally, morning Fed Dooley was speech that the economic growth, easing the cost will be greater than the gains, while the economic downturn, the earnings will be higher than the cost, if the medium-term inflation will be considered in advance to tighten policy. QE3 out whether the launch depends on the U.S. economic trends. Other news, the Chicago Mercantile Exchange (CME Group) on Thursday lowered crude oil \ Gold futures contract margin. The COMEX 100 gold futures initial margin requirement down to 9,113 U.S. dollars / hand, originally for 10,125 U.S. dollars / hand, dropped 10%; the IMF published data show that the increase in central banks to buy gold, the data show that in Mexico in April to buy 2.9 tons gold, in March to 16.8 tons; Kazakhstan is the fourth consecutive month to increase gold purchases so far this year bought 16.1 tons of gold; Russia and Ukraine, the gold to buy a smaller scale. Philippines, the purchase of 32.1 tons of gold in March, recently the largest single purchase volume;

The gold price the spot gold high in 1681 U.S. dollars / ounce

Range, the spot gold high in 1681 U.S. dollars / ounce, low at $ 1,613 / oz nearby. The gold price yesterday closed at 20 day moving average for the first time since April 13, days, or can see the break up.
Released at noon today by the Bank of Japan rate decision, unanimously decided to maintain the overnight rate target unchanged at 0-0.1%. Bank of Japan also decided to take a new round of additional easing measures, in order to achieve long-term goal of an end to deflation.
The international rating agency, yesterday because of the prospect of the Spanish National economy and budget concerns, announced lowered Spain's sovereign rating. Standard & Poor's announced that Spain's long-term sovereign credit rating from A down to BBB +, the country's short-term sovereign credit rating from A-1 down to A-2, to maintain a negative outlook. Spain's rating was lowered to reflect Standard & Poor's concerns about the deterioration of Spain's 2011-15 annual budget situation,

11 made a member of the London Bullion Market Association HSBC has 2013 average gold price is expected to be reduced from $ 1,800 an ounce to $ 1,775.
GMT 13:46, the gold trading spot price of $ 1,655.79 an ounce, down 0.4% in a single day.
Steel: "As the import duty in India intends to double the lead to the jeweler's gold demand dropped significantly after the U.S. Fed Chairman Ben Bernanke, congressional testimony on February 29, the market for further quantitative easing or other stimulus package is expected to significantly decline, so we average gold price forecast revised down. "U.S. Fed Chairman Ben Bernanke, congressional testimony on February 29, did not make the near future to launch a new wave of monetary stimulus program, or quantitative easing implied, and therefore undermine the market the confidence of the gold.