Gold continues to rise in Asian trading

Gold price technical analysis 30 - May, 2013

Gold continued to rise in Asian trading on Tuesday, expanding its gainsfrom the previous session after renewed disappointing data on jobs in the United States in hopes of further monetary stimulus from the Federal Reserve (Fed).

The price of gold for immediate transactions 0.3% to 1651.34 USD/Troy an ounce, after recording gains of 1% in the previous session.

And increased U.S. futures of gold for June delivery was 8.60 dollars to1652.50 USD/Troy an ounce.