Stability of the global gold prices before the meetings of central banks

Gold price technical analysis 17 - June, 2013

Gold prices settled below 1615 dollars an ounce on Wednesday, keeping track closely the movements of stocks and the dollar with the expectation of financial markets as a result of two important central U.S. and the EU.

Analysts say that the Federal Reserve (Fed) C_lemh at the end of a two-day meeting ends, to the stimulus measures to support gold in the process of being issued to boost the economy to keep pressure on interest rates in the long term, undermine the dollar.

While not expected to issue reports critical of the Bank except in the U.S. later this year, investors believed that the Declaration of the European Central Bank on Thursday may include more than one signal after Governor Mario Draghi said that he would do what is needed to help the single currency.

Gold rose in online transactions 0.1% to 1613.89 dollars, while the price of gold futures in the United States $ 2.90 an ounce to 1617.50 dollars, and stop the trend upward push the precious metal to its highest level since mid-June at 1629.10 dollars an ounce last week.

And silver rose 0.1% to 27.97 dollars an ounce, platinum was down 0.1% to 1409.49 dollars an ounce, and palladium rose 0.3% to 587.72 an ounce.