Gold gives up gains with the rise of the dollar and the sights on Europe

Gold price technical analysis 30 - May, 2013

Gold gave up earlier gains amid thin trade on Wednesday, with the rise of the dollar at the expense of the euro, while investors are looking to the efforts made ​​by the euro-zone countries to contain the continuing debt crisis two years ago.

Said Christian Noyer, a member of the Board of Governors of the European Central Bank, the situation in Europe worsen significantly, threatening the global financial markets, having agreed that the euro zone finance ministers to increase the size of Save the region,but they did not disclose details.

The dollar index, 0.4%, while the euro fell 0.4% against the greenback.

The gold price in the spot market 0.7% to the highest level in more than a week at 172USD/Troy per ounce above the average movement in the one hundred day at 1720.45dollars, before they give up the gains and falling 0.4% to 1707.46 USD/Troy an ounce by at 0802 GMT GMT. I got gold and the U.S. 0.4% to 1707 dollars.