Gold prices fell in the wake of economic data on Wednesday by the largest global economy, which showed rising durable goods orders in the U.S.
Gold traded between U.S. $ 1310 per ounce to $ 1304 per ounce
Support and resistance levels
R1 S1 1313.3 1299.7
R2 S2 1317.4 1295.6
R3 S3 1324.2 1288.8
Pivot Point: 1306.5
Gold prices today dropped 2 AED per gram in Dubai Gold Souk with the decline in world gold prices to $ 1310 /OZ .In Dubai, the city of gold, one gram of 24ct gold was retailing for Dh 155 .
Gold prices in the UAE for Gram 24-carat DH 155 , gram 22 carat DH 148 , Gram- 21 carat DH 139 and settled gram 18 carat DH 119 .
At the other hand, Gold prices rose in Asian trade on Tuesday, recovering from its lowest level in a month , which noted in the previous session, with the support of purchases to cover short positions and an increase in holdings of index funds backed by the precious metal , but expectations of higher U.S. interest rates and the lack of actual purchase restricting gains.
The price of gold for immediate sale 4.43 dollars to 1313.55 dollars per ounce by the time 0337 GMT, moving away from its lowest level since Feb. 20 of $ 1307.54 dollars , which fell to him on Monday, but without the highest level of 1391.76 dollars which jumped him last week .
And increased Futures U.S. Gold $ 3.00 to U.S. $ 1314.20 an ounce .
The yellow metal a loss of 3.5 percent last week after it surprised the president of the Federal Reserve ( the U.S. central bank ) global markets on Wednesday when he pointed out that interest rates may rise later faster than expected
Data from the International Monetary Fund said Wednesday that Russia’s possession of gold has increased by 7.247 tonnes in February, to reach 1041.96 tons and Turkey also increased its reserves of the precious metal after a sharp fall in the previous month .
The data indicated that Turkey’s gold reserves rose by 9.292 tonnes to 497.869 tonnes.
On the other hand , recovered gold in Asian trading on Wednesday, the lowest level since mid-February, but signs of recovery in the U.S. economy and the lack of support for the actual purchase may limit the gains of the precious metal and keep prices in a tight range .
The price of gold rose for immediate sale 0.2 percent to 1313.00 dollars per ounce by the time 0445 GMT, after it was dropped on Tuesday to 1305.59 dollars an ounce , its lowest level since 14 February
The futures rose U.S. $ 2.20 for gold to 1313.60 dollars an ounce .
The gold has recorded the highest level in six months at 1391.76 dollars early last week , but he soon began a downward trend after that indicated Janet Yellen president of the Federal Reserve that U.S. interest rates may rise sooner than most analysts’ forecasts , which undermined the attractiveness of the yellow metal as a hedge against inflation .
Gold prices fell by about two percent on Monday to incur the biggest daily loss in nearly two months with Iqbal hedge fund selling amid fears that called for higher interest rates in the United States spark further decline after rally recently that pushed gold to the highest level in six months.
The precious metal fell to its lowest level in a month near $ 1,300 an ounce ( oz ) .
The precious metal fell 3.5 percent last week and recorded a sharp decline after that surprised the president of the Federal Reserve ( the U.S. central bank ) global markets on Wednesday when he pointed out that interest rates may rise faster than expected .
The inn ‘s gold dealings immediate 1.9 percent to 1208.70 dollars an ounce at 1857 GMT , its biggest daily loss since Jan. 30 . Fell earlier to 1307.54 dollars an ounce the lowest level since Feb. 14 .
The U.S. gold futures fell for April delivery settled at 24.80 dollars to 1311.20 dollars an ounce .
Palladium rose to its highest level in two and a half year with the continuation of the miners’ strike in South Africa and exacerbate tensions in Ukraine and the launch of the two funds , honor indicators Balbladiom in Johannesburg , prompting fears of insufficient supplies to meet demand .
Palladium rose to its highest level since August 2011 at 799.50 dollars an ounce and later rose 0.2 percent to 790.90 dollars.
And silver fell 1.6 percent to 19.93 dollars and platinum lost 0.5 percent to 1424.25 dollars an ounce
(Reuters)
Gold prices in Dubai down significantly in the last week’s trading saluting the fall in the price of AED 5 per gram on average as a result of an ounce of gold prices fell globally to 1333 dollars.
Today gold prices increase the current gold sales in Dubai and Abu Dhabi especially with Celebrating Mother With the decline in demand for gold bullion in the UAE
Gold prices in the UAE for Gram 24-carat DH 161 , gram 22 carat DH 149 , Gram- 21 carat DH 140 and settled gram 18 carat DH 121 .
finally saw remarkable growth , compared to the situation of slow sales , which was experienced by the markets during the past few weeks , due to the continuation of the gold gains disparate for a period of more than six weeks , so overwhelmed that increases to undo the recent price » , indicating that« Ceremony ( Day mother ) , contributed during the past few days to increase turnout dealers to buy gifts of jewelry , especially of blocks allocated to that occasion , which contains the lyrics belong to the mother in Arabic and English , Said Ahmed Haron from Dubai gold Souk
Gold market has seen its biggest weekly decline since November in the wake of the latest index from the Federal Reserve ( the U.S. central bank ) to increase interest rates may come in early 2015 .
The Chair of the Board , Janet Yellen , surprised the markets this week Btelmahaa that the bank may begin raising interest rates early next year .
The price of spot gold 0.5 percent to 1334.76 dollars per ounce at 18:32 GMT, Thursday after it fell to 1320.24 dollars an ounce , the weakest level since the end of February
Silver rose 0.3 percent to 20.29 dollars an ounce , and platinum 0.1 percent to 1427.70 dollars.
And palladium jumped 3.0 percent , to 785.59 dollars an ounce , its highest level since August 2011 with the support of the launch of two boxes of indicators in South Africa , and the expansion of Western sanctions on Russia , the main producer of the metal.
There are few sure investments in today’s economy. Earlier, real estate was the best form of investment. However, at the present days, values and housing rates are dropping along with the stock market despite latest figures.
This leaves precious metals and gold as the only sure investment left. No matter how you look at it, gold price was one of the few assets that kept its value during hard times and prosperous ones.
Gold is a stable and reliable as well as liquid investment. These new potentials make it valuable even during worst economic times and most prosperous ones. Now, the first step of investing in gold is to buy it.
That is why it is essential for potential investors to know why and how, no?
Gold bars are one way to save a large amount of money safely. It takes up tiny room, stackable, and can costs fewer dollars depending on their weight. Moreover, gold bars are second handed by central banks for preserving wealth as well as great investors for trading. So, no need to worry about “demand” when reselling them.
First, before you begin to buy a gold bar, you should consider the different sizes of gold bars, where to buy gold bars and finally the ease of liquidity and hallmark recognition.
Generally, people purchase gold bars from different types of dealers. Though, it is wise for anyone to do some research and look for the top deals and safer sources in the market. This is the simplest way to be able to make the most out of the investment. Buying gold with more dollars than its supposed to be or being scammed is not a good way for investment.
Gold bars come in different weights and sizes. They are sold as small as per 1/4 ounce, or even per gram. However, it could weigh as big as 10 kilograms or even 400 oz gold bars. Commonly, the 1 ounce and the 500 gram bars are precious metals best sellers. They are considered mid-tier gold bars with the right balance between affordability and profitability.
It is more profitable to invest in large gold bars, that is for dealers charge a premium on each gold bar. Moreover, the cost for making small gold bars makes it unprofitable to both customers and dealers alike. However, not all of us can afford the 1 ounce bar which costs roughly $1,500. So, buying small gold bars end up costing more unless there is no other way around it.
The main reason behind the decision in buying gold in particular is being able to sell it later with no problems. Liquidity is an essential aspect with any investment especially gold bars. Being able to settle a position in gold should be easy and quick to do. If you want to buy gold now, you can do it, and the other way around if you want to sell it.
Now for being safe, gold as any other investment attracts scammers. So, as a gold investor, you will need to obtain gold bars minted from an established, trusted, famous suppliers. No one likes to send away his money waiting for the arrival of a gold shipment that never does. Therefore, double-checking suppliers and finding out there reputation is as essential as making up your mind to invest in gold in the first place. It’s not new, but it doesn’t hurt to remember not to purchase gold bars from suppliers that are not established or well known. Doing so risks the danger of being helpless to sell your gold bar at a reasonable price or worse yet, receiving a counterfeit bar.
To sum up, there are quite a few reasons to invest in gold bars rather than mining stocks or jewelries, if you had already made up your mind in investing in precious metals. It’s not as volatile as stocks, nor the risks of failing to re-sell jewelry. In other words, even banks save money as gold bars reserves. I don’t know, but banks won’t risk it if its not worth yet, yes? It’s safe, liquid and easy to trade.
Gold prices rose amid weak trading in Asian trade on Friday, but they tend to record the biggest weekly decline since November, with the rise of the dollar after the U.S. central bank signaled an increase in interest rates in the first half of 2015.
By the time 0445 GMT, the price of gold for immediate sale of $ 1333.80 an ounce , up 5.91 dollars from the closing price on Thursday when he fell during the session to 1320.24 dollars , its lowest level since the end of February.
And increased U.S. futures of gold to $ 3.80 to $ 1334.30 an ounce .
The precious metal jumped for some time on Monday to 1391.76 dollars , its highest level in six months, supported by tensions in Ukraine and concerns about growth in China .
Data from the Federation of the gold industry in India said on Thursday that the country’s exports of gold jewelery increased by 1 percent in February to 718.36 million dollars from a year ago .
The fluctuation of the U.S. dollar , near its highest level in three weeks against a basket of major currencies in Asian trade today , but may find it difficult to continue to climb as investors awaited more clarity on the course of monetary policy for the Federal Reserve
Gold fell sharply to its lowest level in three weeks on Thursday, with the rise of the dollar, after a reduction of support for the U.S. economy by the Federal Reserve, “the U.S. central bank” to stop him and the expectations of the program to buy bonds in the fall of 2014.
Despite the severity of the crisis , however, the Ukrainian market is still suffering from the weak buying in China’s largest gold consumer in the world after the sharp decline in its currency.
Chinese growth and reduce the bond buying most of Ukraine
The Janet Yellen said in her first press conference as head of the Fed , after a meeting of the bank that the possibility of a two-day ” initiate bank to raise interest rates after 6 months of the termination of the current program to buy bonds .”
And reflected on trading and metals markets in the world, retreated at 1325.34 dollars an ounce, its lowest level since 28 February , and then settled at 1331.60 dollars.
The gold rose briefly to a peak in the six months to 1391.76 dollars Monday because of Ukraine and concern about growth in China .
Continuing decline
The director of trading at Wing Fung Precious Metals in Hong Kong Peter Fung ” is still demand in the market was very quiet and slow , but the market may recover and rise to a limited extent .”
Fong added that “the decline in gold to around $ 1,300 an ounce Ward .”
Gold futures fell and U.S. delivery April Dolarellonsh 9.20 to 1332.10 dollars after they recorded earlier to $ 1326.10 , the lowest price since the end of February .
SINGAPORE (Reuters) – Gold fell from its highest level in six months during Asian trading on Tuesday after gains in global equities undermined its appeal as an investment alternative , although the tensions on the Crimean peninsula still give some support to the precious metal .
The price of gold for immediate sale to 1362.30 dollars an ounce by 0115 GMT, time after it was jumped on Monday to 1391.76 dollars , its highest level since the ninth of September, before starting to decline due to profit-taking .
The futures contract fell U.S. Gold 0.72 percent, to 1362.90 dollars an ounce .
Analysts said the rise of recent gold to its highest level in six months, probably raises another jump ascend to the high levels recorded in the second half of 2013 but that may be followed by a sharp drop in prices paid for several to their lowest level in three years , which plunged her last year