The Fed'S Early Withdrawal From The QE And Interest Rate Rises Are Expected To Drop Slightly During The Day.

< p > Comex June gold Monday (March 31st) fell 11.2 US dollars, or 0.86%, at 1283.8 US dollars / ounce.

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According to data released on Monday by the P Eurostat, the initial value of the euro area reconciled with the consumer price index increased by 0.5% in March, less than expected growth of 0.6%, the lowest since 2009.

For the resolution to be held on Thursday, euro CPI a href= "//www.sjfzxm.com/news/index_c.asp" > interest rate < /a >, the decline of CPI means that the possibility of lowering or negative deposit interest rate has risen sharply.

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< p > the Dallas Fed released a report on Monday that the US Federal Reserve manufacturing activity index in March was 4.9 in March and 0.3 in February.

The index is higher than zero, indicating that the manufacturing sector is expanding, and less than zero means that the manufacturing sector is shrinking.

In March, the US Federal Reserve utilization index of Dallas was 13.1, and its former value was 9.1.

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Data released by P Institute for Supply Management-Chicago Inc. on Monday showed that the expansion of business activities in the Midwest of the United States slowed in March, the lowest since August last year.

The US Chicago PMI dropped to 55.9 in March, with a forecast value of 59, with a value of 59.8.

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< p > Bank of America Merrill Lynch, a famous investment bank, wrote in its report on Monday (March 31st) that gold prices are expected to have a potential correction decline in the three quarter of this year.

Merrill Lynch will set a forecast of $1350 / ounce for the two quarter of 2014, less than a href= "//www.sjfzxm.com/news/index_c.asp" > gold price < /a >, but the gold price in the three quarter is expected to fall to 1250 US dollars / ounce.

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Catherine Raw, manager of global mining trust, BlackRock (P), said in a media interview that following the 2013 international gold price plunge by 28%, it is expected that the gold price will be oscillating between us $1250-1350 for the rest of the year, or eventually stabilising near a price range, BlackRock Catherine.

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Mark Leibovit, editor of < p > VR Gold Letter, thinks gold may have bottomed out, but it will still look at the trend of trading.

If it falls below 1288 US dollars / ounce, it is possible to test the low point of US $1180 / ounce in the next few months.

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"It is hard to imagine that investors who see more after breaking through 1280 will disappear," said Christopher Lewis, a FXEMPIRE analyst at overseas renowned technology analyst P.

If long-term investors want to enter the market, then 1280 will be their concern.

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< p > Lewis claims, "if a href=" //www.sjfzxm.com/news/index_c.asp "> gold price < /a > regain the 1300 pass, the price will continue to rebound, but we have predicted that there will be concussion and repeated occurrence.

Even if the Japanese chart level has recovered the 1300 pass, we will still encounter resistance in 1320, but eventually we will recover.

The recent sharp pullback is just a callback.

The real resistance of gold prices is 1400.

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< p > > Chen Min, a precious metals analyst at Shenzhen Jin Rui futures, said, "the gold price will further decline in the 1 quarter, which is driving up gold prices (such as geopolitical and emerging market crises)."

He pointed out that if gold prices fell to 1180-1200, real demand in Asia would rise.

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< p > by the week of March 28, 2014, the world's 8 largest gold ETFs holdings amounted to 1325.925 tons, unchanged from the previous week.

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