Stabilized after rising gold paid weak U.S. data

Gold price technical analysis 30 - May, 2013

Gold prices fell slightly Monday after its biggest rise in more than three years during the previous session when it raised U.S. jobs data that came weak speculation on further easing of monetary policy and increased demand for gold as a hedge against inflation.

And increased jobs data that came unexpectedly weak darker image of the global economy at a time when it seems that the euro zone increased Angmasa in the debt crisis and slowing growth in China. At 07:18 GMT, the price of gold in the spot market 80. 1619 dollars an ounce, down slightly by 0.4%. Was little changed on the price of U.S. gold delivery in August at 40. 1621 dollars an ounce.

The price of the precious yellow metal more than about 6% in May / May due to the increase the dollar by more than 5% against a basket of currencies with the euro zone crisis intensified. With regard to other precious metals silver price fell 1% to 28.34 dollars an ounce, after rising 3.6% on Friday, its biggest daily gain in more than three months. Platinum price was down 0.8% to 99. 1429 dollars an ounce, and palladium fell 0.76% to 75. 603 dollars an ounce