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  • Gold Analysis Today 18-7-2014

    Gold Analysis Today 18-7-2014

    Gold prices rose for the second day in a row from the lowest level in four weeks, following profit-taking selling after the Fed chief’s remarks the imminent rate hike, which had a negative impact on the price of this precious metal as well as the high value of the U.S. dollar against a basket of currencies

    Gold opened at a price of $ 1299 per ounce and closed at 1319 dollars per ounce

    GOLD points of support and resistance

    R1 1325.5 S1 1303.4
    R2 1329.7 S2 1297.2
    R3 1339.7 S3 1287.1
    Pivot Point : 1313.4

  • Gold falls after profit-taking from the previous session

    Gold falls after profit-taking from the previous session

    Gold futures fell. Friday, as traders closed their positions after the precious metal upward trend due to the recent rise in demand for safe haven amid geopolitical tensions in Ukraine and the Middle East.

    On the Comex division of the New York Mercantile Exchange, gold fell delivery in August to trade at 1.312.60 dollars an ounce during early European afternoon trade, shedding 0.33%.

    And settled a contract in August, up 1.32% on Thursday to close at 1.316.9 Dolarllounsh.

    The gold futures contract is likely to find support at 1.298.10 dollars an ounce, the lowest price for Thursday and resistance at U.S. $ 1.340.90 per ounce the highest level since July 14 / Yuli

    Gold rose after a plane crash passengers on Malaysia Airlines in eastern Ukraine overnight. And that at least 298 people on board were all killed, bringing the incidence of strongly dispute between Kiev and Moscow and rebels in which Tardahm Russia and the West.

    The incident came a day after the United States announced a series of sanctions against Russia, after the annexation of the Crimea in the month of April / May and tensions circle in the rest of Ukraine. The United States has put a larger package of sanctions on Russia until now.

    The precious metal also found support counting that Israel announced Thursday evening failed to start the ground campaign in Gaza after 10 days of air and naval bombardment to stop Palestinian rocket attacks.

  • Gold falls below $ 1,300 due to report to the central U.S. and the rise of the dollar

    Gold falls below $ 1,300 due to report to the central U.S. and the rise of the dollar

    Gold fell during trading on Tuesday, with the level of $ 1,300 for an ounce to its lowest level in four weeks, with the rise of the U.S. currency and the concentration of investors in precious metals on the report of the monetary policy of the Federal Reserve showed that the U.S. central bank is preparing to end his stimulus for the purchase of bonds by October first.

    The price of gold fell Spot 0.7 percent, to 1295.60 dollars an ounce by 1638 GMT, time after scoring earlier in the session to $ 1291.70, its lowest level since June 19.

    The accelerated loss of the precious metal when prices fell from $ 1,300 level for the first time in about a month with the rise of the dollar index.

    Gold continued to decline after falling 2.3 percent on Monday, the biggest drop for a single day since December, after the payment of receding worries about the banking sector in Portugal investors to profit-taking.

    The contract fell U.S. gold futures for August delivery up 10.0 dollars to 1296.70 dollars an ounce.

    The gold record three consecutive weeks of gains to reach its highest level in almost four months at 1345 dollars on the tenth of July, with increased purchases due to the problems of the banking sector in the countries of the southern euro zone, which prompted investors to buy assets that are seen as investment vehicles safer .

    Among other precious metals platinum fell 0.4 percent to 1479.00 dollars an ounce, while palladium fell 0.3 percent to 863.95 dollars an ounce.

    Silver fell 0.3 percent to 20.81 dollars an ounce

  • Palladium ِAnd Gold Continues To Climb For The third Weeks

    Palladium ِAnd Gold Continues To Climb For The third Weeks

    Palladium continued to rise for a third session on Wednesday to ten is trading near its highest level since 2001, with support from worries about supplies from South Africa, as well as strong demand from the automotive industry.

    Gold rose with continued flows into the largest fund in the world to invest in the yellow metal for a second day even with the anticipation markets Minutes of a meeting of the Monetary Policy Committee Federal Reserve (the U.S. central bank) for the month of June to get to know him on expectations the U.S. Federal Reserve for the economy and interest rates.

    And received the platinum group metals prices a boost this year thanks to the strike lasted five months in the mines of South Africa, a major producer. Although the strike ended last month, but the concerns about supplies continue to affect the markets.

    By the time 0634 GMT, the Spot palladium was up 0.6 percent to 872.60 dollars per ounce after scoring on Tuesday, the highest level in 13 years at U.S. $ 873.75 an ounce.

    Platinum rose about one percent.

    They found that palladium is used primarily in the automotive industry in support of data last week showed that auto sales in the United States in June recorded the highest level in eight years.

    The price of spot gold up 0.5 percent to 1324.66 dollars an ounce after it arrived earlier to the highest level in a week at 1326 dollars.

    And deliver a demand for gold in support of violence in the Middle East and Ukraine. And is often seen to gold as a safe investment vehicle compared to the assets which involve greater risks, such as only

  • UAE Gold Prices Edge Up

    UAE Gold Prices Edge Up

    Gold prices rose Wednesday, with continued flows into the largest fund in the world to invest in the yellow metal for a second day.

    This comes at a time when markets are watching the minutes of a meeting of the monetary policy committee of the Federal Reserve in June for guidance on expectations the U.S. central bank for the economy and interest rates.

    The price of spot gold 0.2 percent to 1323.61 dollars an ounce.

    And deliver a demand for the yellow metal in support of violence in parts of the Middle East and Ukraine, and is often seen gold as a safe investment vehicle compared to assets that involve greater risk, such as stocks.

    Rising metal prices

    As prices continued to climb for palladium thirteenth session, on Wednesday, to remain near their highest level since 2001, with support from worries about supplies from South Africa, and strong demand from the automotive industry.

    And received the platinum group metals prices a boost this year because of the strike lasted five months in the mines of South Africa, a major producer.

    Although the strike ended last month, but supplies are still concerns about the impact on the markets, according to the news agency Reuters.

    The price of palladium rose Spot 0.4 percent to 870.75 dollars per ounce by the time 0505 GMT, after the previous session’s record of $ 873.75, the highest level in 13 years.

    He received palladium, which is used primarily in the automotive industry on a batch of data last week showed that auto sales in the United States in June, the highest level recorded in eight years.

    Platinum rose 0.7 percent to 1496.35 dollars an ounce.

  • Dubai Gold Share Up 48% World’s Gold Trade

    Dubai Gold Share Up 48% World’s Gold Trade

    Announced CEO of the Center for DMCC Ahmed bin Sulayem, the Emirate of Dubai raised its share of the global gold trade to 48% of the total global gold trade, and they joined the City “Ontwerab” Belgian sit on the throne of global trade of diamonds, has also succeeded in cornering 60% of the tea trade worldwide.

    He said Bin Sulayem said in remarks published by the newspaper “the statement” the UAE, the number # of companies registered in the Jumeirah Lakes Towers free during the first six months of this year reached 1027 company, an increase of 30% from the same period during the last year, bringing the total number # of registered companies 8865 Company. He predicted that the number of companies registered to # 10 thousand companies during the year 2015.

    He pointed out that Dubai’s position as a trading hub, has been enhanced thanks to the continued flow of goods across the emirate in a strong, rising value of gold, which passes through Dubai in 2013 to 75 billion dollars, compared to about 70 billion dollars in 2012, to assume Dubai so its position as the center World trade gold bullion. Bin Sulayem revealed that the center is planning to incorporate the gold spot during the next two months, expressing confidence that the new contract will attracted the attention of a large part of investors and traders.

  • Gold falls with the rise of the dollar on U.S. data

    Gold falls with the rise of the dollar on U.S. data

    Gold fell on Monday, with the rise of the dollar on speculation about interest rate hikes in the U.S. sooner than expected in the wake of strong statements about the functions which end of the investment demand for the precious metal.

    Gold suffers from pressure since data showed on Thursday, U.S. job growth in June and the unemployment rate falling to its lowest level in nearly six years in a directory on the growth of a strong economy.

    These data prompted investors to believe that the Federal Reserve (the U.S. central bank) will raise interest rates sooner than expected by mid-2015 even though most economists say there is still a need for more data.

    And raising interest rates will encourage investors to withdraw funds from assets that are not interest-bearing, such as gold.

    Gold fell in the spot market 0.4 percent to 1315.60 dollars an ounce by 1219 GMT, time slipped while gold futures in the United States August delivery 0.3 percent to 1316.60 dollars an ounce.

    The dollar rose for a fifth day in a row, is trading near its highest level in nearly two weeks against a basket of currencies and has received support from the steady climb to U.S. Treasury yields since strong statements about jobs in the United States last week.

    Silver fell 0.8 percent to 20.97 dollars an ounce.

    And platinum rose 0.7 percent to 1499.25 dollars an ounce. As palladium rose 0.5 percent to 865.75 dollars an ounce, its highest level in 13 years due to strong demand from the automotive industry

  • Gold falls after correction last week

    Gold falls after correction last week

    After the positive correction for gold in last Friday, fell on the yellow metal and strongly to touch the level of 1312.50 dollars per ounce, and this after the dollar was U.S. control of the trading against the major currencies and markets return to normalcy after the reduction of tensions security which prevailed Iraq and the region Middle East.

    During the evening, the experts expect to continue falling precious metal because of the return of capital markets investors, as well as on Wednesday, waiting for the Federal Gold’s remarks, which could make investors expect continuation of falling gold Ttiyal week and his performance as the negative expectations.

  • Dubai launches biggest Shopping city in the world

    Dubai launches biggest Shopping city in the world

    Launched Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President Prime Minister and Ruler of Dubai project “Mall World,” the largest shopping center of its kind in the world.

    The project will be a city fully air-conditioned and are built on areas of more than 48 million sq ft on Sheikh Zayed Road in Dubai, where it connects to Mall of the world, which includes 8 million square feet of shopping space potentially increase to the largest park indoor games in the world covered by a dome and one can be opened during the winter and areas for theaters and cultural events and areas for medical tourism and more than 20 thousand hotel rooms and the mall is equipped to receive 180 million visitors annually.

    Sheikh Mohammed said during the launch of the new project that the rapid growth rates in the sectors of retail, tourism, family requires us to prepare early for the future.

    He added, “we announced some time ago that we want to be the economic capital and the tourist and cultural billion people living around us and we are serious in implementing our vision.”

    And related project Mall world being developed by Dubai Holding with an integrated city visitor can spend the whole week without leave and without the need for the use of his car, where they will cover and air all the footpaths that connect with the mall, which has a length of more than 7 kilometers and can be opened during the winter and connecting corridors cold all related facilities in mol of hotels and walkways for shopping and spas in addition to the park’s largest indoor family entertainment is covered by a dome and one can also open during the winter to form the dome one of the wonders of the world Mall project.

    The Mall will feature the world’s largest retail space in the world and will be linked with more than 100 hotel facility includes 20 thousand hotel rooms .. also relate to all buildings within the project modern road network environment friendly lined with shops and a variety of restaurants.

  • Reasons push gold to continue decline next period

    Reasons push gold to continue decline next period

    No sooner had changed the price of gold in early trade in Asia on Friday after falling the previous session is likely to witness a further decline as the strong data from the U.S. jobs and rising stocks to record highs on Wall Street are all weakened the appeal of the precious metal as a safe haven.

    Jumped job growth in the United States in June and the unemployment rate fell to its lowest level in nearly six years, which provides strong evidence that the world’s largest economy is growing actively with the beginning of the second half of the year.

    The U.S. Labor Department said on Thursday the jobs in non-agricultural sectors increased 288 thousand jobs and the unemployment rate fell to 6.1 percent.

    The price of gold is stable in the spot market little changed at 1319.44 dollars per ounce, after falling in the previous session more than one per cent to 1309.64 dollars, its lowest level in a week before recovering slightly to close down 0.6 per cent.

    The futures fell U.S. gold for August delivery was 0.01 per cent to 1320.5 dollars per ounce.

    Silver settled at 21.08 dollars an ounce. Platinum fell 0.2 percent to 1491.00 dollars an ounce.

    Palladium was down 0.15 percent to 853.63 dollars an ounce.