Gold, the lowest price since late January and down from 1660 dollars

Gold price technical analysis 30 - May, 2013

Decline in spot price of gold to the lowest level since late January on Thursday, due to the increase of the dollar.

The U.S. currency rose broadly after the lifting of modest economic outlook for the Federal Reserve (Fed).

The price of gold in online transactions in 1657 USD/Troy an ounce, downmore than 1% from the previous close and its lowest price since Jan. 25.