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Gold regaining its shine

Today Gold traded much higher after US home sales data came out which was not good. Before this news the investors were little bit confident that the economy is growing and FED will soon start tapering. Gold price movement is totally based on the FED decision whether it will end QE program or not. On Thursday Gold didn't move much as FED didn't specifically mentioned the when it is going to start tapering. But today as the data for US New Home Sales came out which decreased to 394K from 455Kand not as expected of 487K. This again creates agitation among investors and they started looking towards Gold. One more thing Gold always moves opposite to USD so whenever there is anything negative for USD it would be good for gold.