Gold falls below $ 1600 after the decision of the Central American

Gold price technical analysis 30 - May, 2013

The price of gold below $ 1600 an ounce in Europe on Thursday after disappointing the Federal Reserve (Fed), the hopes of those who betted on the rise of gold Bahjammeh to take new steps to stimulate the cash even though the market digested this step before its declaration prevented the erosion of prices.
After the meeting concluded on Wednesday said the U.S. central he will continue its program to buy bonds, which aims to reduce borrowing costs and stimulate long-term growth. But he declined to proceed with the quantitative easing measures, which some investors pin hopes upon.
Gold rose to 1649.50 USD/Troy an ounce earlier this month amid hopes that the U.S. Federal Reserve announced a new round of quantitative easing to stimulate growth after a series of economic data disappointing.
He stayed Spot gold was 0.4 percent, to 1599.19 USD/Troy per ounce at 1018 GMT.
Contract fell U.S. gold futures for August delivery $ 15.50 an ounce to 1600.30 dollars.
Among other precious metals silver price fell in the spot market 0.5 percent to 27.92 dollars an ounce, while platinum price rose an immediate 0.3 percent to 1455.25 dollars and palladium down to 613.50 dollars an ounce.