Gold prices rise to $ 1763.80 an ounce

Gold price technical analysis 30 - May, 2013

Gold prices offset losses early in yesterday’s trading, after the official said in the reserve / U.S. Bank said the bank is making maximum efforts to support the economy of the United States, in the wake of the announcement of a third round of quantitative easing last week. Even so, the gains shrunk, with continued caution about the impact of effective policies and the losses suffered by the markets. There are sharp differences among senior officials in the central U.S., about whether the third round of quantitative easing will bear fruit.

Gold rose in the spot market 0.2% to $ 1763.80 an ounce, after falling earlier to $ 1752.34, while futures fell for gold in the United States for December delivery 4.40 to $ 1766.20 an ounce. Traders attributed the fall in prices in the penultimate session to lower crude oil prices, which are still facing pressure. Silver fell 0.5% to $ 34.37 an ounce. And platinum rose 0.3% to $ 1665.24 an ounce. Palladium rose 0.8% to $ 678.97 an ounce.