Outcome of the meeting of the Fed Make Gold sloping - The results of the U.S. central bank meeting (USA), the Federal Reserve (the Fed) that does not match market expectations, would affect the movement of gold prices today. The price of gold, is predicted to decline In trading Wednesday, September 21 yesterday, USD1.800 per ounce of gold sold, down 0.2 percent after rising 1.4 percent in the previous session. Monex Investindo Futures analyst Ariston Tjendra said, the downward trend is still going to happen with a range of daily gold trading in the range of USD20-40.
"With that range, then the lower limit gold sales in the range of USD1.730 per ounce and the upper limit at USD1.800 per ounce," he said when contacted Legal Ariston in Jakarta, Thursday (09/22/2011).
Ariston rate, the negative conditions in Europe are still suppress the gold price. Moreover, Fed policy that does not match market expectations contributed to the negative trends on commodity trading such safe haven.
In trading in August, gold recorded a rise for nine consecutive sessions and parking in the range of USD1.900 per ounce. Ariston said the rise in gold prices in 2011 close to 30 percent and almost the same as last year. As a result, a lot of profit taking with the purchase of massive gold.
"The peak rise in gold prices in August. After that gold entered a negative phase. The subject is important in gold prices in the area of USD1.700 per ounce. If it falls below that area then the outlook for the gold faded away," he explained.
As is known, the Fed is expected to announce plans for intervention in the bond market pushed long-term rates, which approached the lowest level, even lower in the movement known as "Operation Twist".
Outcome of the meeting of the Fed Make Gold sloping
"With that range, then the lower limit gold sales in the range of USD1.730 per ounce and the upper limit at USD1.800 per ounce," he said when contacted Legal Ariston in Jakarta, Thursday (09/22/2011).
Ariston rate, the negative conditions in Europe are still suppress the gold price. Moreover, Fed policy that does not match market expectations contributed to the negative trends on commodity trading such safe haven.
In trading in August, gold recorded a rise for nine consecutive sessions and parking in the range of USD1.900 per ounce. Ariston said the rise in gold prices in 2011 close to 30 percent and almost the same as last year. As a result, a lot of profit taking with the purchase of massive gold.
"The peak rise in gold prices in August. After that gold entered a negative phase. The subject is important in gold prices in the area of USD1.700 per ounce. If it falls below that area then the outlook for the gold faded away," he explained.
As is known, the Fed is expected to announce plans for intervention in the bond market pushed long-term rates, which approached the lowest level, even lower in the movement known as "Operation Twist".
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