This Week'S Price Is Affected By Sino US Economic Data.

< p > analysts said that this week's market expectations of gold will depend on the economic data of the United States and China, and investors will continue to pay attention to the situation in Ukraine.

Gold prices will drop this week than US data and weaker Chinese data than expected.

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< p > it was pointed out that the price of gold fell below 1300 dollars last week, which is also related to the market's concern about the slowdown in China's gold demand and the continued reduction of gold in the gold listing fund.

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Last Friday, on the Easter holidays, the market was light. < p >

Gold futures closed down 0.8% in June to 1293.90 dollars per Anne in New York, and the gold futures fell 1.9% in the whole week in June.

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"The price of gold fell this week because there is further evidence that the US economy is improving," P Natixis analyst Bernard Dada told Reuters (Dahdah).

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< p > he said: "with the normalization of the US economy, the debate of the Federal Reserve will focus on the normalization of interest rates in a timely manner.

The US economic data will further strengthen the expectation that interest rates will return to normal, and that the price of gold will face greater pressure.

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Yellen, chairman of the Federal Reserve Board, reiterated earlier this week that it would maintain the position of loose a href= //www.sjfzxm.com/news/index_c.asp and monetary policy /a > P.

Low interest rates have been an important factor driving gold prices higher.

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< p > however, the US < a href= "//www.sjfzxm.com/news/index_c.asp" > economic data < /a > shows that after the severe winter interference, the US economic activity has heated up, thus offsetting the effect of Yellen review.

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< p > Jin Tuo News reported that gold prices basically retreated all the gains in April last week, because the market worried that China's economic data was weak and affected the market demand and the next month's weaker a href= "//www.sjfzxm.com/news/index_c.asp" > gold demand < /a >.

Analysts also pointed out that the sell-off has triggered short-term technical indicators, while the price of gold futures fell back to the 200 day moving average (last Thursday at $1300.80), which is a technical indicator closely watched by traders.

Gold prices are still bracing, mainly supported by the situation in Ukraine.

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< p > in view of the fact that most US economic data are in line with expectations or slightly better than expected and Chinese data are disappointing, analysts say gold prices may test the lowest level in 2014 (US $1277.40).

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P said Nomura will issue durable goods and new home sales data this week and is expected to show that the market is improving.

The resale market for existing housing is expected to be weaker.

China's data is mainly HSBC index of purchasing managers in April, which is expected to be lower than the March level.

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< p > there are also analysts who believe that many gold traders will be back on vacation until Tuesday, so there will be some "suppressed" demand in the market.

If gold price falls to 1280 US dollars or even falls below the lowest water level this year, it will stimulate some buying and buying activities in the market.

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