129784668210991250_367QE3 still expected higher gold and silver prices
International spot gold on April 6 in the European market in non-agricultural data, rose to $ 1642/ounce, silver also followed up, depress the dollar index for non-agricultural data. Events in the gold market continued last week, including the minutes of the meeting of the Federal Reserve, the European Central Bank's interest rate decision and the United States non farm data, comes as Ching Ming holidays only in the domestic market, on April 5, a transaction. Although this weekGold prices remained lower Friday in us and European markets were closed on good Friday, but non-farm data released on bad, pressured the dollar decline, stronger international gold prices will take. 1669.86 USD/oz Gold opened last week, up to $ 1683.27/Oz, as low as $ 1612.22 an ounce, close $ 1637.99/Oz,A week earlier closed down US $ 29.85/ounce, or 1.79%.
Spot silver opened at $ 32.41 per ounce last week, rose to the highest in 33.28 USD/Oz, minimum drop to 31. dollars an ounce to close at 31.67/ounce, compared with the same period a week closed down US $ 0.55
tera gold, decreased to 1.71%. Non-agriculturalGive consent for data, previously performed well under the guidance of forward-looking economic indicators, most market participants have optimistic expectations on this month's data, but the United States labour markets are still unable to get rid of curse of the past two years, again in a few months after the performance in terms of turnaround, suggesting the United States road still bumpy economic recovery, still cannot establish has embarked on a steady continuous compoundSue road. Last week United States Department of labor data released Friday showed that United States March nonfarm payrolls increase of 120,000 people, only half of the increase last month, and far less than the expected growth of 203,000 people, at the same time, March nonfarm payrolls increase highest in October 2011 to the smallest February adjusted increase of 240,000 people in the number of non-agricultural employment, initial growth 22.70,000 people. In January growth in non-farm amendment to 275,000 people, initial growth of 284,000. At the same time, United States March unemployment rate fell further to 8.2%, the former value is not amended, at 8.3% level. After the publication of the data, and markets to the Federal Reserve (FED) to implement the third round of quantitative easing (QE3) expected to heat up again, cause the dollar indexSpeed slide, take a stronger gold prices. Goldman Sachs previously published reports, the Federal Reserve released March FOMC meeting minutes for April launch of easing is unlikely, unless the Economic Outlook has deteriorated significantly. But the Bank still expect the fed to additional purchase of more assets. Industrial investment, analysts said non-farm population of less than 200,000 people in employment, would bring to the gold priceTo support, because it would reignite the Fed expected third round of quantitative easing. India National Jeweler on Friday suspended one of the longest ever strike, India Government Department has pledged to consider giving up of a non-branded gold jewellery consumption tax. India's Finance Minister Shri Pranab Mukherjee (PRANABMUKHERJEE) said on March 16 in the published budget reports, politicalHouse will levy on non-brand jewelry 1% of consumption taxes, and increase import tariffs on gold and Platinum doubled to 1 time. This resolution led directly to the 21-day India Jewellers strike. Gold ETF--SPDRGOLDTRUST as of April 6
tera power leveling, the world's largest gold positions to 1,286.62 tons, than the previous session's decline 7.56 tons.This week, widely expected gold higher, were closed today Europe and the non-agricultural data does not reflect the real impact. So I need more calm, as appropriate, should not blindly chasing rising stocks. Negative line on the line received the golden week, morphologically, spot gold in a modest rally in 2 consecutive trading days after the crash, but suppressed by the short-term averages above. Spot Gold hit creating a new low, bounce highGradually decline
tera power leveling, averages are arranged in short and strong downward. Under the influence of non-farm opened, but still refers to movements and other economic data depends on the United States, also finishing. Currently supported is located in 1620-1625, resistance is at 1650-1660.
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