Gold Price Of Strong Dollar Fell 1% Weekly

Us COMEX 4 gold futures prices closed up 0.50 U.S. dollars on Friday (March 13th), at 1152.40 U.S. dollars / ounce, announces that the trend of nine consecutive trading days has come to an end, because the market has seen a mild short supply.

But this week (March 14th week), gold futures fell by about 1%, as gold bulls continued to worry about the prospect of raising interest rates in the US Federal Reserve (FED), and the dollar went up to 100 near the expectation and there was a further strong gap.

Meanwhile, the US COMEX May silver futures price closed down less than 0.01 U.S. dollars, at 15.51 U.S. dollars / ounce, this week, a total decline of 1.9%.

Technically, on the daily chart, gold futures prices do not have significant technical support in the near future. For gold bulls, we must try to recover the US $1200 / ounce mark, in order to improve the technological prospects, and then measure the average daily position of 100 US $1211.92 / ounce, the 50 day average position of 1226.11 US dollars / ounce, and the 200 day average position of 1243.65 US dollars / ounce.

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ASEM's rise, vice president of RBC, Canada

George Gero, a strategist, said that a modest shortage of compensation appeared earlier in the gold market. But the recent rebound in gold prices is not enough to reverse the current decline in the gold market. Gold prices need to rise to $1200 / ounce to improve the technological outlook.

Frank McGhee, Chicago's Alliance Financial LLC trading director, said in a telephone interview that gold prices are still in a downward trend, and that gold prices are likely to further fall to $950 / ounce. The question being discussed is when the Federal Reserve will start raising interest rates, rather than the Federal Open Market Committee (FOMC).

The improvement of the employment market in the United States has not slowed down even in winter. It highlights the remarkable performance of the US economy, and many investors do not attach importance to other "noise" data.

Steven Scacalossi, global metals sales director of TD Securities, believes that the gold market is rising day after day, or that gold prices are at the bottom. Gold prices are expected to rebound to the 1170-1175 level when the Fed's interest rate increases are not increasing, but the flow of ETFs capital highlights the glamour of the city.

In other precious metals, the US NYMEX platinum futures price closed up 0.90 U.S. dollars in April, or 0.1%, at 1115.80 U.S. dollars / ounce, this week fell more than 3%; NYMEX 6 palladium futures price closed up 3.85 U.S. dollars, or 0.5%, reported 790.80 U.S. dollars / ounce, this week also fell more than 3%.