Morning Gold: Gold strike back

The domestic market, gold futures lower across the board all the major trading varieties. Main contract closed slightly lower, and the remaining non-active contract for the transaction to follow the main contract fell slightly across the board. The main Shanghai gold futures contract prices in December 2011 closed Wednesday down 0.39 yuan, at 310.86 yuan / gram, down 0.13%, Volume 21,510 hand, the previous session as 19,974 hands, an increase of the trading day in 1536 hand; turnover of 6.69 billion Yuan the previous trading day was 62.2 billion yuan, increasing 470 million yuan of the trading day; at positions close to 51,402 hand and the previous session for the 52074 hands, 672 hands to reduce the trading day.
Operating suggestions: Yesterday recent rapid decline of gold, silver, crude oil and other commodities, coupled with the euro rebounded side by side.
The price of gold approaching $ 1,500 mark again, I have warned earlier this week to guard against the euro rally. However, in general, I think around $ 1,500 in the short or very strong resistance. And the euro after a sharp fall in the short term expect it before the resumption of the strong, it is not realistic. Therefore, the price of gold may also be re-pressed for some time below $ 1,500, $ 1,500 above the existence of short opportunities.
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Federal Reserve today announced the April 26 to 27 monetary policy meeting minutes. Minutes showed that Fed members began to tighten monetary policy when the issue of divergent views, some members said the policy of the time may be irritating to exit earlier than expected, other members were worried that raising rates too soon would cause undue economic recovery process Damage. Some members said they only significant changes in economic prospects will support the adoption of the third round when the "quantitative easing"policy. Minutes show Fed governor in the position of low interest rates and how to exit and the Fed's balance sheet total has more than 2.7 trillion U.S. dollars and other issues for a very long discussion. Since December 2008 from the Federal Reserve has been keeping its benchmark interest rate from 0 to 0.25% of the target range unchanged.