spot price of gold in the range shock

The gold field this week, trading was light, the spot price of gold in the range shock. Spot gold opened at $ 1,621.5, the highest on the test $ 1,625.5 $ 1,590.2, the lowest dropping gold price shocks in the vicinity of $ 1,615 as of Friday evening, dynamic Zhou K line presents a range-bound small Yinxian.

This week the price of gold did not break the interval fluctuation tendency overall in the $ 1,595 quarterly line support between $ 1 620 half-line anti-pressure fluctuation. The medium to long term, the continuation of the trend of global liquidity release will continue to constitute the gold market strong support. Look at the short-term market, the gold market remains sensitive to the dollar, the dollar tend to continue to adjust and perhaps even greater, which will benefit short-term strength of the gold price.

The good performance of the country's economic data, the market anticipated forthcoming release of loose monetary policy message of the Federal Reserve's monetary policy meeting. $ 1630 gold rail from shock interval of four weeks a pullback to the lower rail above $ 1.61 thousand.

The U.S. Federal Reserve (FED) began a two-day monetary policy meeting on July 31, the European Central Bank (ECB) meeting on interest rates will be held on August 2. About to take measures to boost investor confidence in the market of these two central high expectations.