Gold and Dollar

Gold shares fell by nearly 2 percent, as of Friday, particularly on the newly revealed weaker-than-expected U.S. retail sales data. In the period of economic uncertainty, with unemployment rates rising and property value declines, as the situation is anything but surprising. Those who found the U.S. retail sales unexpectedly low data are much more optimistic than they publicly admit it, and perhaps even private.

After the fateful announcement on Thursday, prices for all precious metals gained ground rapidly, palladium increased by around 6 percent, nearly 5 percent, platinum, silver nearly 3 percent, and the gold price rose nearly 2 percent.

Reuters reported that Britain spot gold rose to $ 754.10/755.30 one ounces grams of $ 739.60/741.20 late in New York. Previously rallied more than 2 percent to a session high of $ 757.90. Philip Carlsson, global product manager at Saxo Bank said that "today the slightly weaker U.S. dollar supported the gold market." Gold and U.S. Dollar in the opposite direction in the story, because if economy may demoted to questionable condition, buyers seek to buy gold as a hedge of assets.

Philip Carlsson, however, not quite the optimistic outlook of a few professionals in terms of gold is in a position to return to the all-time highs in the determination of the cost over a thousand one ounces "There is some support around the $ 750-level. But I see no signs that the downward trend in the gold market has come to an end. The prospects for a stronger U.S. Dollar will go to print." His opinion is supported by the Commerzbank senior trader Michael Kempinski, with the words quoted, that "Physical demand once again around the $ 750, but a lot of customers with a larger (price) drop in the future. Some customers are on the Search for $ 700. "

In the middle of the gold stock of the ongoing controversy, the demand for gold jewelry, gold bars and coins remain consistently strong. Anyone who wishes to sell gold, are careful, the situation of searching for gold buying is much more precarious. Not quite a draw. Definitely not a dead end. A lot of people nervous when. Just another day. "Business as usual '.