Gold Prices Down as IMF report. Decline in global economic growth forecast by the International Monetary Fund (IMF) impact to the price of gold.
The IMF lowered its growth forecast from 3.6 percent to 3.5 percent this year as the world economic situation is still unclear.
Gold for February fell 6.5, or 0.4 percent, to 1686.7 dollars, while gold in the spot market fell 4.6 dollars to 1687.75 dollars per ounce.
The first resistant level at 1697.8 U.S. dollars following the 1. 700 dollars, ssedangkan first support at 1683.1 U.S. dollars and below to 1675 dollars per ounce.
LLG gold prices also fell. LLG gold prices fell to the lowest 1683.9 U.S. dollars, and closed down 5.2 U.S. dollars in 1685.7 U.S. dollars. Range LLG normal yesterday at 11.25 U.S. dollars the highest in 1694, 95 U.S. dollars and the lowest 1683.7 U.S. dollars per ounce.
This morning, Thursday (01/24/2013), the gold price fell 1.35 LLG reopened in 1684 dollars, 35 dollars per ounce.
The IMF lowered its growth forecast from 3.6 percent to 3.5 percent this year as the world economic situation is still unclear.
Gold for February fell 6.5, or 0.4 percent, to 1686.7 dollars, while gold in the spot market fell 4.6 dollars to 1687.75 dollars per ounce.
The first resistant level at 1697.8 U.S. dollars following the 1. 700 dollars, ssedangkan first support at 1683.1 U.S. dollars and below to 1675 dollars per ounce.
LLG gold prices also fell. LLG gold prices fell to the lowest 1683.9 U.S. dollars, and closed down 5.2 U.S. dollars in 1685.7 U.S. dollars. Range LLG normal yesterday at 11.25 U.S. dollars the highest in 1694, 95 U.S. dollars and the lowest 1683.7 U.S. dollars per ounce.
This morning, Thursday (01/24/2013), the gold price fell 1.35 LLG reopened in 1684 dollars, 35 dollars per ounce.
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