Gold value Rebounds as federal Goes 'Symmetric' on Inflation, Near 4-Month Euro & GBP Highs

collected by :kiven Dixter

GOLD PRICES rose against all great currencies on Thursday, rallying above $1315 per ounce in $ terms after the America Federal spare held its key interest average unchanged. "Gold prices were [also] relatively subdued, [meaning] many Businessmen lacked a clear signal." Q1's weak gold investment request expanded into April, information from BullionVault showed earlier this week. "On a 12-month basis," told Wednesday's America federal statement, "both overall inflation & inflation for items other than food & energy have moved lock to 2%. Both the Euro & English Pound Meanwhile saw gold prices height near their top ever mid-January, gaining 0.5% & 0.7% for the 7 days very far respectively at €1098 & £968 per ounce.

Don't Be Afraid Of Fed, Gold value To Touch $1,600

This particular statement pushed the $ index reduce & we saw a higher move in the gold value yesterday. We saw a huge sell-off in the gold value & we touched the standards that I mentioned before. If the federal even adopts a further hawkish stance, I don't think it Information Systems will crush the gold value anytime soon. In this context, any pullback in the gold value Information Systems a good opportunity to buy. Now, again, if history comes into play (or if oil prices face a great correction), I am expecting the gold value to move all the move to $1,600 with the finish of this year.

Gold value down probably Resume as America information Bolsters federal Optimism

referring to CRUDE OIL and GOLD TALKING POINTS:Gold value pop after FOMC meeting unable to sustain momentumCrude oil prices torn among conflicted supply trend speculationService-sector ISM information perhaps Stress commodity prices lowerGold prices attempted a short-lived healing however failed to sustain momentum yesterday. Crude oil prices reflected Fed-inspired volatility as well, mirroring moves in gold and the S&P 500. See our quarterly gold value prediction to learn what going to drive the trend out of mid-year! GOLD TECHNICAL ANALYSISGold prices are exploring above support-turned-resistance in the 1307.63-08.65 ambit (3-month range floor, 23.6% Fibonacci expansion) anew. CRUDE OIL TECHNICAL ANALYSISCrude oil prices are languishing in a familiar range below the $70/bbl figure.