GOLD XUL10, First Week on April 2012
TP. R2=1674.30 (+27.2), R1=1661.60 (+14.5) P=1647.10, S1=1614.10 (-33) S2=1603.70
(-43.4), S3=1545.20 (-101.73)
(-43.4), S3=1545.20 (-101.73)
 |
| GOLD, first week on April 2012 |
Reuters, 4/4/12 - Gold extends decline in the Fall Along Hope QE3
Gold fell on Wednesday, extending the fall of nearly 2 percent in the previous session, while the minutes of the meeting of the Federal Reserve's recent policy of the U.S. shows a lack of interest from the Fed for further monetary stimulus. expectation of a longer one round of easing Quantitative have prompted the appeal of gold as a hedge against inflation and push the price to $ 1790.30/oz in February, its highest level since last November. Policy makers in the U.S. central bank believes the economy has experienced a gradual improvement and do not need to easing monete further, although they remain cautious about the widespread expansion in economic activity. treatise came just a week after the Fed chairman, Ben Bernanke hinted the possibility of further stimulus, which is encouraging for stocks and commodities higher and bond yields to cut the U.S.. ' phenomena are all related through the supply of large-scale cash from central banks, "said a trader based in Singapore. 'Minutes of that seems to support the view that the Fed will not pump more money into the market.' Spot gold edged down 0.1 percent to $ 1642.60 per ounce), after posting the biggest one-day decline in three weeks. Prices fell below $ 1,640 on Tuesday. While the U.S. gold fell 1.7 percent in the price of $ 1644.40 following the weak spot.
