Gold Price Not Far Below $ 1.200 As a result of divergence Monetary Policy

 

Asia on Wednesday (26/11) this morning gold prices rose slightly closer to its highest level in three weeks. Investors still consider factors of policy divergence between central banks in the world, where some still have to add the stimulus while the US is believed to still be raising rates in mid 2015. In addition, they also pairs of eyes on demand in the US ahead of the weeks in preparation for Christmas .

On the Comex in New York, gold futures for February delivery traded at $ 1,201.40 per troy ounce, up slightly 0:07 percent after hitting a low of $ 1,190.60 and $ 1,203.00 high level in the overnight session.

Price bouillon for immediate delivery was at $ 1,199.93 per ounce position at 9:04 am in Singapore from $ 1,200.98 yesterday when gold bouillon climbing 0.3 percent, according to Bloomberg data. Gold rose on November 21 up to $ 1,207.93, the highest level since October 30 as a result of interest rate cuts made by the Central Bank of China.

Last night, the price of gold print acquisition after US consumer confidence report and the weak US dollar dropped. However, the gold recovery soon, because then report posted steady growth in the US economy up to 3.9 percent.

According to Lv Jie, an analyst with Cinda Futures Co. in Hanzhou China, the difference between US monetary policy and the central banks of other major countries will still membaut US dollar bullish and weigh on gold. However, this low gold price raises expectations will apiknya purchase physical gold that can help sustain the market.