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;