Gold continues to maintain a steady momentum for 3 consecutive sessions of the week . Stock slipped slightly while the dollar rose gold makes hesitated in his direction .
Overall the effort to go up by the world's stock markets are now slowing down after laboring to find to new highs . Besides , capital ro- appetite was fanned from shock six- month Proposed referendum on United Kingdom membership of the European Union are now re- emerging attack as soon as the International Monetary Fund cut its forecast for global growth in the next 2 years .
Spot gold is currently trading at $ 1,327.46 / oz , down slightly from this morning is around $ 1.332 / ounce .
" My ability to raise interest rates seem to be increasing signs . Some people expect the Fed will soon restart plans to adjust its interest rates " - an analyst at OCBC Bank Barnabas Gan said .
Yellow- already That represented a 25% increase in the year is obviously very sensitive to the interest rate increase by the cost of holding increased while the dollar went up.
"Technically, the current weakening step of gold seems to slow down the bracket is the price of $ 1.325 to 35" - Analysts at MKS James Gardiner said.
Meanwhile, technical analyst Wang Tao at Reuters suggest that gold tends to reduce the level of $ 1.313 / ounce after finishing the cycle stability of small wedge pattern.
Now, investors are aiming eye on the results of the meeting of the European Central Bank (ECB) takes place tomorrow (21/7) to find more clues to the gold price.
In Tuesday trading, SPDR - Trust the world's largest gold continue buying gold, pushing its reserves increased 0.1%, while mining fell 0.9% VanEck Vectors ETF.
