Futures contracts for gold prices fell by about one percent during the US session to see their rebound from the top since February 16, February amid a reversal of the US dollar index since the same day according to the inverse relationship between them following developments and economic data They followed on Tuesday the US economy, the world's largest economy, on the threshold of revealing US consumer confidence, the talk of the Federal committee member and the President of the Atlanta Federal Reserve, Rafael Bosk.
At 1:55 pm GMT, futures for gold prices dropped by 15 April April, 1.06% for current trading. At $1,346.50 for the ounce compared with the opening at $1,360.90 of the ounce, amid the US dollar index rising 0.52% to 89.49 levels compared Opening at 89.03.
We have followed up on the American economy revealing the housing market data with the release of the standard and Bowers Household Price index which showed the acceleration growth of 0.75% compared to 0.67% in December last December, other than forecast at 0.60%, as the annual reading of the same index showed acceleration Growth to 6.40% compared to 6.31% in previous annual reading, also other than Outlook at 6.31%.
Otherwise, markets are currently waiting for a consumer confidence index to be read, which could reflect a widening of the value of 131.2 in March March versus 130.8 in February February, in conjunction with the release of the Ratchmund Industrial Index, which may reflect a narrowing of the breadth to 23 versus 28 in February February, Before the talk of the Federal Open Market Committee member Rafael Bostick at the annual meeting of the World Hope Forum in Atlanta.