Daily Remarkable news - December 23, 2013 (sources: collection)

Third quarter GDP GROWTH EXPECTED JOURNEY OF AMERICA

The report released last week by the U.S. Commerce Department showed that U.S. GDP third quarter increased 4.1 % compared to the same period last year , higher than the 3.6 % growth rate given earlier this month and the high growth rate most of the U.S. economy since May 3/2011 . Strong recovery of the U.S. economy in recent years is the basis for the Fed decided to cut $ 10 billion in quantitative easing ( QE3 ) worth $ 85 billion to $ 75 billion per month . And QE package will likely be reduced after each meeting of Fed policy , the economy improved further .

Speaking at a press conference after the decision , Fed Chairman Ben Bernanke said the Fed is likely to cut $ 10 billion more after each session to . According to the Bloomberg , the Fed will reduce the size of $ 10 billion QE / time at 7 the next meeting and QE program ended in December 12/2014 .

The financial market is not expected to change much this week as most of the major markets entered a long holiday .

GOLD PRICE THIS WEEK : ability to tension

World gold prices surged 1.3 % to $ 1.203 / ounce in trading last week . For the whole week , gold prices fell 2.8 % . According to observers , this rally in gold prices is due to the purchase is the status of short-selling investors and some investors bargain hunting . However, gold still has a week to decide devaluation cut the size of quantitative easing that the Fed launched QE3 on Wednesday .

In session 20/12 , the largest gold trust fund SPDR Gold Trust, the world suddenly bought a net 5.4 tonnes of gold , raised its holdings to 814.2 tonnes . In week 4 of the previous session , funds have been net sellers , with total sales is 18.9 tonnes of gold .

In opinion polls expert predicted gold prices this week by website specializing in precious metals have done Kitco News 8/23 feedback predicted price increase , 11 reviews forecasted prices fell , and 4 the opinion that prices will move sideways. Participation in the weekly poll is gold trading companies , investment banks , commodity traders futures , fund managers , professionals and technical charts .

Analysts said the precious metal broke the psychological level $ 1.200 / ounce in the previous session Thursday , but the bounce back in session Friday. The market is very difficult to see whether the rise in the Friday session continues this week or not .

But there are different views on the gold price this week , experts said that gold trading volume will decrease , leading to a higher degree of price volatility . This week , Comex will close early on Tuesday and leave Wednesday 's Trading Christmas. Transactions will return to normal on Thursday .