Gold
was on the upward trend during the first nine months in 2012, to start
retreating on October, on 2013, gold started the year’s high at $1696.6 per
ounce on January, due to the major global events gold fluctuated to lose more
and more as U.S. dollar gain, the yellow metal fall by more than 30% reaching
12 months low.
During
the year, the non-farm payroll increased by 31% (from 155K on the 4th
of January to 203K on December 6). Regarding the trade balance, the main economical
health measurement, U.S. trade balance recorded 0.4% deficit decline during the
year, since it was 42 Millions earlier this year, reaching 40 Millions later
on, to push the U.S. dollar upward trend.
During
the last 12 months, reaching 7% the unemployment rate declined by 0.9%, the
lowest rate since December 2008, this obvious decline in the unemployment rate
started to be clear after the 16 days shutdown in the U.S. government, to push the gold upward for less than five weeks before the
next long fall in the last of November, on December this year gold fall
reaching $1180.57 per ounce to be recorded as the lowest price in 2013.
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