Gold
prices tend to move in a flat world after the U.S. dollar ( U.S. )
weakened due to an official statement related to delay in the withdrawal
of the Fed stimulus program .
The price of gold in the spot market fell 0.1 % to U.S. $ 1,313.76 per ounce . Late last week , gold was dropped to 3 % . While
the price of gold on the commodity exchanges for December shipments
moving to strengthen U.S. $ 1.5 to U.S. $ 1,314.70 per ouncs .
Gold
is still very dependent on the weakening economy and the extension of
the quantitative program easing.Harga gold moved higher after the Fed's
senior officials , James Bullaed said the central bank may only reduce
the bond asset purchase program if the U.S. economy showed some
improvements perbankan.Meski , the central bank does not need to be hasty withdrawal of stimulus programs running .
Trading on the New York Stock Exchange , the United States closed the gold futures prices fell . This
condition is influenced by the U.S. dollar rallied against the euro ,
boosting the precious metal price falls lower than the record
mid-October . Decline in gold prices to around three per cent last week .
The
dollar rose against the euro on speculation that euro zone inflation is
low may encourage the European Central Bank cut interest rates . Gold
for December delivery fell U.S. $ 10.50 ( 0.8 percent ) to U.S. $
1,313.20 an ounce on the Comex division of the New York Mercantile
Exchange . According
to data from Factset , gold prices fell 2.9 percent for the last week
and settled at its lowest level since October 16 . Gold has fallen , and close to the critical level U.S. $ 1,300 per ounce .
Drop in gold prices last week was able to raise purchase physical gold . A number of brokers assess the gold price must fall below U.S. $ 1,300 to attract defenders . Demand
for gold from India recorded stagnant amid Dhanteras and Diwali
celebrations , festivals are usually encouraged massive gold purchases .
Indians prefer buying silver is cheaper than gold which is considered to be overpriced
While
in China , the consumption of gold in the Bamboo Curtain Negar is
expected to strengthen to 1,000 tonnes by the end of this year . Although recognized , the trend is not sustainable demand the price is likely to weaken .
From
within the country , Processing and Refining Business Unit Precious
Metals PT Antam Tbk , Monday, November 4, 2013 , reported a higher gold
price . Antam
sold gold bullion price Rp523.000 for size 1 gram , up 1,000 compared
to Friday's trade recorded gram.Emas size 5 Rp522.000 per gram removed
at Rp2.470.000 , 10 grams Rp4.800.000 size , size Rp12.150.000 25 grams , 50 grams Rp24.250.000 size , and the size of 100 grams sold Rp48.450.000 . Gold price set at the size of 250 grams and measures 500 grams Rp121.000.000 reach Rp241.800.000 . The purchase price (buyback ) Antam's gold today rose in position Rp452.000 per gram than the previous trade .
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