According to articulate research and analysis by the experts of the commodity market, the bears are engulfing the gold candle and for the few preceding months, gold is heading down.  Some speculators even say that the gold price can come down to $1180, a value which will be 20% in value also be the lowest price of all this year.  So what could be the reason that gold may head down straight. Indeed the gurus of this market define as the pressure which refers to the obsession with US monetary policy and Federal Reserve tapering. Some other analyst has also put their views on geopolitical tension out in Middle East which would have the impact on oil price volatility and also the US-Iran nuclear pact. Moreover, other reasons could be the Chinese consumer demand as single bullish is gold for this year when there’s a depression year for the metal.

So there is a change is the gold market today. But what I am really talking about is the complete recovery of gold price in the near future. Here is the time for speculators when some metal analyst insists that gold could be benefited from QE but some says with some evidence it is untrue but with the fundamental reports and the good economic growth of US, especially the housing data and unemployment claims which affected the gold price and there was a little rise in gold prices this week. Nevertheless there can be a rise in the gold market in near future where gold may be strong when linked to oil. So when we talk about the implication for crude oil and gold it is indeed negative, examining the relation between them it shows that oil is bulling up. Now let’s wait and see where will gold head towards?