Gold closes lower at the end of trading week

Gold price technical analysis 30 - May, 2013

Gold prices fell with the recovery of the dollar to gold, the biggest drop recorded weeklyduring the year.

The continued decline in gold on the preferred shake investor confidence in gold this week, where the gold vulnerable to further decline in trading last week.

The price of gold trading in the spot to 1711.60USD/Troy an ounce Mnkhvza 0.3 percent from the previous closing level of the gold ends down 3.5 percent and is the largestweekly decline of gold since December of last year.