Gold price in the spot market at May 15, 2013 12:01 NY Time recorded a decline by 2.07% to reach the level of $1396.30 USD/Ounce of gold. after excessive selling for gold, and heading of the investors to the Stock market after it recorded an average rise for the stock in USA 14%.
The rise of US.Dollar pushed up the stock market in USA, while it pushed gold price in the down channel.
Gold price started the trading session by a decline equal to 0.67% to reach the level of $1413.40 USD/Ounce of gold in the Spot market, then the Stock market starts to take the rise channel. At the same time gold price started to shake after an excessive selling process from the USA market to buy stocks.