Gold Price Network: global report about gold price 4 – April, 2013 — Gold price continue to decline for the third consecutive day to record a lose by an average of 60%, Gold fell below $ 1540 USD/Ounce on Thursday at its lowest level in ten months while we watched a rise in the dollar, gold price failed – which draws its support to ease monetary policy – to take advantage of the strong stimulus measures announced by the Bank of Japan.
After stimulus data tends to sell gold in a harsh technical selling process made gold price decline today, the reason behind the technical selling for gold is the hard lose in the stock market of USA, the issue which lead the investors to sell gold to cover their lose, other investors sell gold to buy stocks in the US market due to the expectation of rise of the US stock market soon, so the global gold price affected by the US market decline.
Gold price technical selling in USA pushed the global market for a hard selling process which mean that we had again a demonstration of USA on the global economy especially on gold price, gold price could break the decline wave by tomorrow to record a slight rise in Gold price.
Gold price in the Spot market 4 – April, 2013
Gold price in the Spot market 4 – April, 2013 at 14:05 NY Time recorded a decline by 0.23% to reach the level of $ 1554.30 USD/Ounce of gold in the Spot market.
Gold Price in New York spot market 4 – April, 2013
Gold Price in New York spot market 4 – April, 2013 at 14:05 NY Time recorded a decline by 0.22% to reach the level of $ 1554.50 USD/Ounce of gold in New York spot market.
Gold price in the stock exchange of London 4 – April, 2013
Gold price in the stock exchange of London 4 – April, 2013 at the AM session recorded a decline by 0.33% to reach the level of $ 1545.25 USD/Ounce of gold while in the PM session gold price cured for some to record the level of $ 1546.50 USD/Ounce of gold in the stock exchange of London.