Sparkling Gold Price Will Return This Week?

Predicted gold prices would have strengthened this week . It was in line with expectations the U.S. central bank / The Federal Reserve is still maintaining its bond purchases to 2014.Walaupun so it's not so strong sentiment to lift gold prices to a level of U.S. $ 1,400 / troy ounce . Based on the CNBC survey , approximately 68 % predicted , the price of gold will rise this week , and 18 % expect gold prices fell . The dollar weakened movement , Quantative Easing Fed QE , and technically as well as the macro economy will drive prices . Technically . Level of U.S. $ 1,333 is a major resistance for a while .
Gold price increase to a value of 1 is driven from data on non - farm palyrolls weakened prompting speculation the Fed's stimulus delay reduction / tapering . In this two-day meeting this week , the Fed is expected to maintain stimulus .Market consensus states , the U.S. central bank will cut the stimulus in March 2014 . It was driven from the U.S. economic data has not been good .
The Cross Commodity Research Strategist at Societe Generale said the price of gold is likely to rise. By November , is peak wedding and festival in India driving demand emas.Sedangkan Credit Suisse report , macroeconomic data are not strong enough to raise the price of gold . It was written in a similar UBS analyst reports .
The price of gold on the New York commodity exchanges benchmark Comex Gold Bloomberg (Monday pm ) for December delivery moved lower . Monday ( 10/28/2013 ) , benchmark Comex gold price fell 0.10 % to U.S. $ 1.351.10 per troy ons.Sebelumnya gold futures prices on the Comex division of the New York Mercantile Exchange closed higher on Friday , but gold for delivery December rose U.S. $ 2.2 or 0.16 % to U.S. $ 1,352.5 per ounce .



While the price of gold on Tuesday ( 29/10/2013 ) has traded near the highest level in more than five weeks as the weakening economic data AS.Keadaan is expected to encourage the Federal Reserve to maintain stimulus measures to support the economy in the Spot market gold negaranya.Harga jumped up 0.1 % to U.S. $ 1,352.95 an ounce in the previous session , the precious metal 's price had reached its highest level since 20 September was U.S. $ 1,361.60 per ounce .
U.S. manufacturing output data barely rose in September . Similarly, home purchase contracts that were previously recorded its greatest number after a slump nearly three and a half years . Recent economic data in the third quarter momentum into the signs of the crisis receding AS.The countries start meeting to discuss the Fed's two-day policy on Tuesday and is widely expected to continue monthly bond purchases worth U.S. $ 85 billion .