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[goldhj]

This week international LLG opened at 1288.56USD/oz. high at 1290 USD/oz. low at 1257.20USD/oz. closed at 1268.30USD/oz, weekly decline is 19.15USD, declining ratio is 1.5%. Gold this week volatilized and went downside, kept declining after got pressure from 1290, then broke 1280 and 1270, all the way down to about 1257. Due to the non-farm payroll data released at the end of this week, gold rebounded and closed at about 1268. Multiple U.S. data released this week is good, manufacturing and non-manufacturing PMI keep expanding, along with the rates cuts of ECB, these data all support USDX hitting new records. The intense regional situation was eased because of the cease fire agreement between Ukraine government and its eastern armed militias, the lost of risk avoiding mood made gold hard to rebound, although U.S. August employment report shows signs of weakness and gave gold some support at low level, market self correction and volatilization would be extended. gold jinyu