characterized by gold prices cohesion on Tuesday after a wave of landing a four-day but remained near its lowest level in four weeks as investors sell the yellow metal amid expectations the lifting of the Federal Reserve (the US central bank) interest rates this year.
In the past week The Fed boosted expectations for higher interest rates in the month of December next undermining speculation that has been circulating to postpone the first increase of interest rates in nearly a decade to the next year due to concerns about the growth of the global economy.
Gold climbed 0.3 percent to $ 1137.05 an ounce (an ounce) by the time 0647 GMT, but it was far from the lowest level in four weeks at $ 1132.35 an ounce reached in the previous session. The decline in gold for the fourth consecutive session on Monday.
Came US economic data on Monday supportive of lifting the current year interest rates since record manufacturing activity in October last lowest level in two and a half year, but the rise of new orders renewed hope that the United States be exceeded stage Worse.
showed other data higher spending on construction activities in the month of September to their highest level in seven and a half years, including refers to the strength of the economy despite signs of a slowdown in consumer spending.
Among other precious metals increased silver 0.2 percent to $ 15.42 an ounce and went platinum 0.3 percent to $ 975.6 an ounce, while palladium 0.4 percent increased to $ 650.3 an ounce.
According to specialists on the yellow metal markets, the trading at levels around the price of 1 137 in 1138, and stability below these levels is negative and will be grounds for further decline towards the price of 1123.00. However, we note a decrease in the strength of the bearish trend, according to the ADX, and the RSI bounced up from levels below 30 points.
Therefore, you should not, according to analyzes of specialists to see a breakthrough for the price of 1148.00 so as not to activate any positive signal.
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