FX & CFD trading involves significant risk
Gold prices are inactive, as
investors await the outcome of the Fed meeting next week, hoping to
understand the plans of the central bank in respect of incentive
However, published on Thursday, U.S. data surpassed expectations: The number of applications for unemployment benefits last week fell more than analysts expected, and retail sales in May rose 0.6 percent, with growth forecast at 0.4 percent.
Published in Friday's economic data have been mixed. Thus, the producer price index rose in May by 0.5% m / m increase in forecasts only 0.1% m / m after a contraction of 0.7% m / m the previous month. The volume of industrial production for May showed zero change, but is expected to increase by 0.2% after falling 0.5% the month before. Consumer confidence in the University of Michigan in June amounted, according to preliminary data, 82.7 points, with forecasts of its conservation at the level of 84.5 points in May.
Physical demand in China and India - on the largest gold markets - down from the peak levels of April. The Government of India in an attempt to reduce the trade deficit increased by one-third the import duty on gold, resulting in the import of precious metals in the second half of May fell to $ 36 million from $ 135 million in the first half of the month, said Thursday the Finance Minister of India.
Futures in Shanghai on Friday, fell 0.4 percent after a 1.5 percent drop on Thursday. Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust on Thursday fell by 0.63 percent to 1.003,53 tons - the lowest level since February 2009.
The cost of the August gold futures on COMEX today kept within the range of 1377.8 - 1391.6 per ounce.
|remaining time till the new event being published|
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