Gold continue to benefit from global economic turmoil

Gold price technical analysis 30 - May, 2013

Gold saw further gains during the trading session on Friday, after weak U.S. News, which caused investors to convert their money into safe haven assets. Gold prices rose by nearly $ 10 an ounce in the middle of the trading day, finally registered the highest price at 1632.23 USD/Troy an ounce. Has resulted in a downward correction simple evening during the trading session to close the week at the Gold 1626.55 U.S.D/Troy an ounce
During today’s trading, gold traders will want to focus on any news from America. In particular, the press conference of the Committee on the Federal Open Market on Wednesday, which may present any signs of any plans by the Fed to start a new round of quantitative easing to stimulate U.S. economic growth rate. The Fed said any form of monetary stimulus in the coming days, investors may continue to convert their money into safe haven assets, which may cause the extension of gold to the upside.