Tuesday, February 8, 2011

Gold investors focus on the latest U.S. economic data

 Japanese Prime Minister: China GDP over Japan should shoulder more international responsibilities for the program last year, did not complete the POS machine 3 cash into the chain: underground cash crazy country investigated and dealt with 70 tons of wine and inferior notify the State Post: Express Year should be open in Beijing second-hand housing transactions crazy and ended at 9 pm supermarkets accused of price tag MerryMart Tian Yong Guo confusion: as independent director
I am most concerned about the current U.S. dollar index has been entangled in 4 days along the horn shape, obviously inadequate short , released late Friday, the important fourth quarter U.S. economic data, including GDP and consumer spending data, is expected to provide a stronger dollar will increase power, on the gold price may be adversely affected.

strong economic data, market concerns ease the debt crisis for the EU, investors risk appetite decreased, the international price of gold shot up overnight failed sharp dive. 28, the domestic gold futures contract prices fell across the lows.

As Europe
technical analysis, the gold line in the Central Plains on Thursday hit a downward spiral along after some pressure, and began a heavy volume down. Although the U.S. has announced the number of jobless claims in the case of large snowstorm increased by 5 million people, but the reaction of the dollar index was flat, a slight rebound in gold after only began a rapid downward trend. Significant downward trend of the market outlook. Weekly charts, the price of gold below the long-term rising channel approaching support at around 1300 U.S. dollars, prices are likely to constitute some support, it is worth the attention of investors. Gold Short-term support is expected to: $ 1,307, $ 1,300, pressure level: $ 1,319, $ 1,323. (Golden Peak Golden Age)

Friday night, the United States will announce initial fourth-quarter GDP data, the latest focus of the market, market outlook, U.S. dollar trend data will also bring important guidelines. Survey, analysts expect fourth-quarter U.S. real GDP increased initial rate of 3.5% of the quarter, the highest since last year, the fastest pace since the first quarter. The internationally renowned financial media, a survey released on Thursday, the U.S. raised its primary dealers of U.S. GDP growth forecast in 2011, despite the Federal Reserve on Wednesday given in the evaluation of the economic situation very mild. The traders in 2011 GDP growth forecast in the United States is 3.23%, and 7 January up 3.10% survey.

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