The stability of gold prices in Asian trade

Gold price technical analysis 17 - June, 2013

Was little changed on the price of gold in Asian trading on Wednesday, as investors awaited the Federal Reserve’s decision on U.S. monetary policy later in the day.

Investors are also awaiting data on the manufacturing sector in a number of major economies, including China, the Eurozone and the United States, which may affect the motivation to purchase high-risk assets in the financial markets.

The price of gold for immediate transactions of $ 1613.75 an ounce, after he had finished the month of July, up about 1%, achieving gains for the second consecutive month.

And increased U.S. futures for December delivery gold 0.17% to 1617.30 dollars an ounce.

Stepped up housing prices in the United States for the fourth consecutive month in May, suggesting that the recovery of the housing market continues to gain momentum despite the problems of the economy.

And investors awaited the Federal Reserve’s decision at the end of the two-day meeting after the data has increased stagnant over the past few weeks, pressure on the U.S. central bank to take further action to assist in the removal of the largest economy in the world of obstacles.