International gold volatilized and went downside. During last night, price dropt after climbed to 1298, dropt all the way down to about 1288USD/oz. after the release of Fed July meeting minutes. Today’s Asian early trading gold price rebounded from last night’s drop, currently arranging around 1290.

Fed meeting minutes released this morning stressed the improvement of employ market is better than expectation. The improvement along with mild inflation makes some of the committee members propose the need of modifying interests prospects to copy with new economic situation. The wording enhanced market’s expectation of raising interest rates in advance and boost U.S. dollar index to created 82.36 record, which also pressed gold to decline. Currently gold daily chart is not stabilized after 4 days decline, MACD green bar higher volume is weak, short is now having advantage.