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Gold market in November completes the strongest decline since June as the U.S. economy led investors to transfer funds to high-growth stock markets .
The last three sessions held in the range of prices on the occasion of Thanksgiving Day in the United States on Thursday .
As the precious metals trader in Hong Kong, "at this time , investors are reluctant to act , and there are no catalysts for price movements in either direction . Terms of positioning investors have already exhausted the potential decline. Prices may rise by year-end from the current levels . "
Another important event for the market may be the publication of a report on employment in the U.S. in early December. Economic statistics is important for the gold market , as it dominates the Fed plans for a program of incentives.
Shopping in China, which this year is expected to become the world's largest gold market , rose this week due to lower prices . On Thursday, gold sales of 99.99 percent of the sample on the Shanghai Futures Exchange were the highest in seven weeks , and weekly sales were the highest since the last week of September.
The cost of the December gold futures on the COMEX today rose to $ 1254.50 per ounce.
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