U.S Weekly positively contributed to a decline of gold for the first month since the beginning of the year

Weekly U.S has been full of economic data important that showed that the U.S Economy is moving in the right direction toward recovery, where after the decline of the situation bad weather that hit the United States earlier this year, began the U.S data to improve gradually, which reflected positively on the dollar and the negative impact on gold prices, which recorded the first monthly drop since the beginning of 2014.

U.S data contributed to the good constantly increasing speculation the U.S Federal Reserve to reduce the incentive programs with adjustable positive early reference to interest rates during the next few years.

Economic data
The first of these good data was read index of consumer confidence during the month of March, as it made ​​reading historical levels for a rise of up to 82.3 compared with the previous monthly, which amounted to 78.1 and better than expected at 78.5.

Jobless claims during the week ending on 22 of the month of March / March decreased to reach the lowest level in four months at the request of 311 thousand, compared with the previous weekly, which amounted to 321 thousand applications, and better than expected at 323 thousand applications.

In turn, increased durable goods orders during the month of February and significantly by 2.2% after they had showed a decline during the month of January rose 1.3% to come to this reading is also better than expected at +0.8%.

Report income and growth
Issued and the U.S Department of Commerce reports PHP is very important for the safety of crossing the world's largest economy, where a report showed gross domestic product and your fourth quarter of last year, the growth of the U.S economy by 2.6% compared to the previous reading, which showed a growth rate of 2.4%.

The second part of the report and your personal spending, showed higher spending by 3.3% compared to the previous reading, which showed an increase of 2.6% and better than expected at 2.7%.

For income report came in conformity with the expectations, to show higher personal income in the United States during the month of February last year by 0.3%, which is the same height investigator in January, but for spending rose by 0.3% to match also with expectations.

Dollar and gold
U.S data and the decline of concerns coming from Ukraine were the main factors for the low price of gold for the first month since the beginning of this year, where prices continued to decline for the second week in a row to penetrate the levels of $ 1,300 an ounce after reaching levels 1386.0 dollars per ounce, the price volatility trend bullish to bearish over the course of two weeks.