Gold gives up gains, and an ounce $1563.5

Gold price technical analysis 30 - May, 2013

Abandoned the gold from the early gains yesterday, and was on his way to incur the biggest weekly loss since December, having damaged the concerns about the slowing global economy and commodity prompted investors to seek safe haven in the U.S. dollar.
And gold has some appeal as a safe haven after he was forced investors to sell the precious metal to cover losses as a result of tensions in financial markets caused by the debt crisis and the decision of the European Central United States to take limited steps to boost the economy.
Gold rose in early trading to around 1568 dollars per ounce before falling back to 1563.5 USD/Troy an ounce by the time 06:14 GMT, down $ 1.92.
Gold fell 2.5 percent yesterday in the biggest daily loss since late February, after the U.S. central bank declined to launch a new round of quantitative easing measures.
And went down the price of gold in U.S. contracts for August delivery $ 1.10 an ounce to 1564.40 dollars.
Silver and landed in the spot market, or 0.11 percent to 26.81 dollars, down 0.82 percent platinum to 1418.7 USD/Troy an ounce, while palladium fell 0.22 percent to 602.03 dollars an ounce.