Gold Price Fell Below 1200 US Dollars To Create A New Low Of Three Years.

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< p > Thursday, with the < a href= "http://sjfzxm.com/news/index_x.asp" > the Federal Reserve < /a >, it announced that it will reduce the scale of asset purchase projects from January 2014. The < a href= > http://sjfzxm.com/news/index_x.asp > US dollar exchange rate > /a > has turned to be strong. There has been obvious pressure on the "a" href= "/a" > commodity futures contract, including gold, and the gold price has fallen below the critical price of US $1200 per ounce, reaching the lowest level in more than three years. The main gold contract trading fell sharply to 1193.60 US dollars per ounce.

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< p > < a href= > http://sjfzxm.com/news/index_x.asp > New York commodity exchange < /a > February 2014 the main gold contract fell 41.40 dollars on Thursday, closing at 1193.60 US dollars, or 3.4%.

This is the biggest single day decline since June, and the first time since June, it has fallen below the critical price of 1200 US dollars per ounce.

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< p > the lowest closing level of a href= "http://sjfzxm.com/news/index_x.asp" > gold price < /a > August 2010: the December contract with a very low trading volume closed at $1195 an ounce on Thursday.

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< p > the Federal Reserve released the latest decision statement after the closing of the a href= "http://sjfzxm.com/news/index_x.asp" metal futures market < /a > on Wednesday, and decided to reduce the asset purchase scale from 85 billion US dollars to 75 billion US dollars per month.

The main gold contract of $1235 an ounce in the intra - court paction was then rapidly fluctuated and eventually stabilized near the closing price after a big jump.

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Adam Koos, President of p a href= "http://sjfzxm.com/news/index_x.asp", "/a", points out that "no matter how much money" is printed less, it always makes the value of the US dollar less diluted, that is, theoretically lower inflation. Logically, this is a bad thing for the US dollar.

He said: "this market is so emotional driven, too hot, too big, even the smallest degree of information will lead to the greatest degree of change in investor decision-making."

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< p > > a href= "http://sjfzxm.com/news/index_x.asp" > Adam KUs < /a > said that the decision of the Fed "relatively does not leave much traces", but "a" href= "http://sjfzxm.com/news/index_x.asp" > gold "/a" is not the case, especially when investors use the gold position to make investment losses and avoid tax.

"The so-called loss of investment tax avoidance refers to a tax avoidance approach commonly used by investors at the end of the year, which is offset by a loss in some investments to offset the need to pay for other investments.

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< p > in addition, the sharp rise in the US dollar exchange rate after the decision of the Federal Reserve to reduce the scale of asset purchases has also reduced the US dollar pricing assets, including gold, to some extent.

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Naeem Aslam, the principal market analyst of < p > a href= "http://sjfzxm.com/news/index_x.asp" > AVA trading company < /a >, pointed out that the forward-looking guidance of the Federal Reserve also has an impact on the price of gold. "Many people do not think inflation will rise in the short term."

At the technical level, he believes that the gold price falls below 1200 dollars per ounce and will not be too vigilant. "Another 1181 dollars per ounce will definitely get many people to withdraw all bets".

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< p > > a href= "http://sjfzxm.com/news/index_x.asp" > "a href=" explains that the support position of $1181 per ounce was formed in the year. "This is indeed of great importance and may be a buying opportunity.

The next supporting position is close to $1084 an ounce, followed by $1044 an ounce, which will be the ultimate gold price in the coming year.

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< p > other metal prices, the March a href= "http://sjfzxm.com/news/index_x.asp" > Silver < /a > contract fell 87 cents on Thursday, closing at $19.19 an ounce, or 4.4%, while the March copper contract fell more than 2 cents in the same period, closing at 3.296 US dollars per pound, or 0.7%.

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In January, platinum dropped 24.30 U.S. dollars on Thursday, which fell 1.8% at 1318.40 US dollars per ounce, and palladium dropped 3.15 US dollars in March, or 0.5% at an ounce of 696.30 US dollars in March.

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