Spot gold rises on hopes of the U.S. stimulus

Gold price technical analysis 30 - May, 2013

The price of gold rose Wednesday amid growing hopes that the Council has taken the Federal Reserve (Fed) further measures to stimulate the world’s largest economy, a move that would enhance the attractiveness of gold as a hedge against inflation.
And raised a series of disappointing data indicate the weakness of the U.S. Alnamwalaguetsada speculation that the Fed extended its program to buy bonds after the current deadline in June.

By at 06:12 GMT, the Spot gold of $ 4.09 an ounce to 69.1620 dollars.
Gold jumped to its highest level in 2012 at about 1790 dollars in February, after the Fed said at the time he would keep interest rates near zero for the end of 2014 at the earliest.
The contract fell U.S. gold futures for delivery in August $ 1.40 an ounce to 80. 1621 dollars.
The previous rounds of the Central American program to buy assets to reduce interest rates and stimulate the economy have weakened the U.S. dollar strengthened and global stock markets prompted investors to turn to gold.

The price of silver in the spot market eight cents to 28.46 dollars an ounce, while the platinum price of $ 7.68 to 53. Of $ 1480 and palladium $ 1.18 to 31. $ 625 an ounce.