Moving labile gold Jamii; negative influence of U.S. Economic Data

The movement of gold prices this week showed again observed a trend of instability. Fluktuatifnya gold prices can not be separated from the strong influence of the movement labilnya dollars. In this week re-experiencing the movement of the dollar due to return ketertekanan poor economic data released this week. Some U.S. economic data is sufficient to reference for the market movement during this week of which is data on U.S. consumer confidence in September, which has decreased to a level of 53.1 points, and other data on U.S. crude inventories last week it is not altered and still at the level of 2.8 million barrels.

The data for the most ketertekanan influence the movement of gold is about the U.S. manufacturing sector data reported decline and rising unemployment claims data released overnight. As a result, due to the release of these data directly suppress the movement of gold to as low as 984.76 dollars per troy ounce, or is the lowest level this weekend.

The widest gap gold price movements occurred on Wednesday when the gold price had risen to a level of 1009.64 dollars per troy ounce but had to decline to as low as 990.65 dollars per troy ounce. While on this day the investors will still be waiting for data on U.S. unemployment rate is expected to increase to a level of 9.8%.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, predicted gold price movements are still a potential for increased return. Action that responds consolidation bad U.S. economic data seems to be reduced in next week. Economic data are predicted to rise include data on ISN is a non-American manufacturers. And the range of gold prices is expected to be at levels between 980-1010 dollars per troy ounce.