This week, the gold market was influenced by two important factors. Firstly, this is a report on the US labor market, which indicates good conjunctural situation. This in turn puts pressure on the head of the Federal Reserve Janet Yellen, to raise interest rates earlier than planned.

As is well known, high rates of the Fed are poison for gold. Therefore, after the publication of data on the labor market in the United States there was a drop of gold at $ 20. Although at the beginning of last week, gold, on the contrary, increased by $ 20. Also disappointed investors remained in India, who had expected the government of his country, that it will continue to ease restrictions on the local gold market and reduce customs duties, but this has not happened, and it still remains at 10%.

According to the plans of the Government of India on the budget for 2015/2016 years., Customs duty on import of gold will remain at 10%. Demand for gold in India remains high, although a few days before the announcement of the sales have slowed, as everyone expected a positive decision of the authorities regarding the reduction of duties, but it does not meet the expectations of the country's jewelers.

Given these circumstances, we can conclude that the Government of India did not use the "window of opportunity" to reduce the duty on gold at low oil prices, which have reduced the country's trade deficit. Namely oil and gold are the main capitalization imported goods in India.

Another decision of the authorities of the Asian country may also affect the import towards its reduction. The Government of India wants to do for private investors "Gold Account". This means that residents may take their gold, and in return receive money to your account, which will accrue interest.

Thus the Indian authorities want to bring to the economy of the 20 million tons of yellow dragmtalla, which is stored in the hands of the population. This will reduce the need to import large quantities of gold from other countries. Will it attract the precious metal in the population, will largely depend on the accrued interest, as well as confidence in the banks that can offer such accounts.

After the parliamentary elections in Greece, the demand for gold in this country has risen sharply against the background of political and economic instability. However, the big investors still prefer to invest in stocks, as the stock market continues to grow thanks to the cheap money that central banks poured into the economy. In the short term the situation is unlikely to change. Therefore, the DAX could the end of 2015 to grow to 12,000 points.

The stock market is now developing on the principle walk so to walk. If the financial bubble in the fund market will reach alarming proportions, investors may again pay attention to defensive assets, which is also gold. But while CenterBank give cheap money, investors will invest in stocks and gold will be waiting for the right moment to another growth