Gold price continue to decline and a rise in the US dollar

Is it the time to invest in gold or not?

Gold price continue to decline and a rise in the US dollar, we watched today another decline for gold price to reach the level $ 1573.90 USD/Ounce of gold, there are many reasons for the decline of gold price, one of the important factors today affected gold price, was the increase of taxes of gold in India today which could lead to the decrease of trading on gold in India by 35%, Gold considered one of the most important goods in India and a decline by 35% in India will affect the global economy because India is one of the most important consumers of gold so it will affect the global economy for sure.

The increase of the US dollar came today due to, the decrease of unemployment rate in USA for the first time in USA which lead to the increase of trust in the US economy, also the increase in the  scale of Chicago Business” rose to 56.8 from 55.6 for the first time in 2013, the issue which lead to the increase of the US dollar value, the pair of US/Gold watched a lot of selling process for gold and buying the US dollar instead, it is normal situation in this condition we watch unstable condition for gold and on the other hand  we watch a rise in the US dollar.

Asian investors today watched a turn from buying gold to buying platinum as a safe investment, they announced that the Platinum market is more easy to demonstrate over it, a lot of fluctuate in Gold market VS the stability in Currency market.

we expect for gold in the next week to watch a stability from the level of  $ 1570 to 1610 USD/Ounce of gold, except we watch a decline for the level of $ 1560 USD/Ounce of gold, in this point we will watch a hummer shape in gold price by another words the gold will return fast to its normal level at $ 1650 USD/Ounce of gold after a month.