International gold price dropped from High yesterday, rose to 1324USD/oz. once during night, but soon after , went downside towards about 1315USD/oz. and kept stable and tend to rise. Price lingering at 1320, whether to rise or to drop is unclear; the price rose by small margin towards about 1319, amplitude is relatively limited.
Due to the coming Fed’s notes of meeting of June, whether reveal more about the prospects for the implementation of a low interest rate is becoming the center of focus under the shadow of the increasing uncertainties of U.S. economic prospect. Thus U.S. dollar index’s recent depressed rebound was under the circumstance that U.S. unemployment rate dropped while economic growth slowed down. On the other hand, gold volatized and arranged at about 1320. Gold price currently is arranging sideways and fluctuating violently while MA lines are going smooth. better open and close positions during wave band.