2011/1/6

Economic data suppressed by the beautiful gold fell

The New York Mercantile Exchange, gold closed down 6. Among them, the February gold contract fell 2.0 cents, or 0.2%, to close at 1,371.7 U.S. dollars / ounce.

 U.S. economic data show that a series of beautiful momentum of economic recovery is strengthening, which makes the dollar continues to remain strong, while gold prices under pressure was lower.

 Data showed the U.S. on January 1 when the number of claims for unemployment benefits rose 1.8 million to 40.9 million, is expected to be 400,000.

 Mitsubishi (Mitsubishi) analyst Matthew Turner said: "The strong U.S. economic data could trigger the movement of gold the main cause of this wave correction. The market is worried that once the U.S. Federal Reserve led to economic stability and recovery of (Fed) rate hikes, investors withdrew from the gold market And fought in the stock market. "