Gold: an overview of the market situation

Gold prices rebounded after falling to a one-week low , while rising above the levels of the session. Such dynamics is associated with the expectations of the two speeches by the Fed - Federal Reserve Bank of Philadelphia Charles Plosser and the head of the Federal Reserve Bank of New York William Dudley .

Meanwhile , investors remained cautious ahead of the publication of minutes of the last meeting to determine monetary policy the Fed on Wednesday in order to get information about the vision of the central bank's current economic situation .

We also add that heightened tensions between Russia and Ukraine is in the spotlight. Pro-Russian separatists and Ukrainian forces in the east of the country continue to clash .

Impact on prices as a report from the World Gold Council (WGC) supply and demand in the gold market in the I quarter of 2014. Although demand remained virtually at the same level compared to the same period last year ( 1074.5 m) , its components have changed considerably : the demand for gold bars and coins fell by almost 40 %, while the outflow of deposits from the ETF- funds observed in last year, came to an end . Slightly decreased industrial demand and demand from central banks , while jewelry demand rose moderately . Also, add that consumer demand in China fell by 18 % , and in India - 26%. In both cases, the reason for the drop was the decline in demand for gold bars and coins . Nevertheless , in WGC expects that overall demand for gold in the two countries this year will be relatively stable compared to the record last year.

The cost of the June gold futures on the COMEX today rose to a high of $ 1293.70.