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    XAU/USD: analysis and forecast on 20.05.2015

    At yesterday’s trades the price of the precious metals fell significantly amid the rise in the USD. Quotes of the pair XAU/USD fell to 1205.65. Strong American currency will put pressure on the precious metals as it decreases the attractiveness of the precious metals as the alternative assets and at the same time increases the price of gold expressed the USD for the holders of the other currencies. U.S. dollar index soared up after the release of the U.S. real market statistics. The volume of construction of new houses has increased from 944 thousand to 1135 thousand, while analysts expected the rise of 1019 thousand. The number of construct permits has grown from 1038 to 1143 against expectations of 1065 thousand.


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