This week international spot gold opening at 1228.58USD/oz. , high at 1241.92USD/oz, low at 1213.30USD/oz, closing at 1216USD/oz, weekly decline is 12.10USD, declining ratio is 0.98%.

Gold this week volatilized and went downside. After gained 1230 at the beginning of this week, gold kept raising and reached 1238 then started basing around 1232-1239. U.S. September interest rate decision and policy statement raised the tightening expectations, which effected gold dropt from 1239 down to about 1219. At the end of weekly trading time, gold created a new low down to about 1213.

U.S. data announced this week is mixed. August CPI is moderate, yet job market keeps strong. Latest Fed policy statement and raising the interest rate expectation of quarterly economic outlook also made gold drop. Relative to easing prospect of EU, USDX also hit a new record of 84.81, added by the eased international situation, gold suffered from multiple negative factors and dropt sharply. Gold market self correction progressively deepens.