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  • Gold recorded the highest price in six months due to beware of the risk

    Gold recorded the highest price in six months due to beware of the risk

    (Reuters) – Gold rose to its highest level in six months on Monday due to continuing caution of risk after the vote on the Crimean peninsula to secede from Ukraine and Western sanctions on officials from Russia and Ukraine .

    The Minister of Foreign Affairs of Lithuania and the European Union foreign ministers agreed to impose sanctions include travel bans and a freeze on the assets of 21 officials from Russia and Ukraine .

    Spot gold record and the highest level since the ninth of September 1391.76 dollars an ounce before falling back by the time 1410 GMT, 0.3 percent to 1377.55 dollars per ounce .

    And rose gold futures in the American Stock Exchange Comex to near the highest level in six months, to $ 1392.60 an ounce before retreating 0.1 percent to 1377.77 dollars an ounce .

    Gold rose 15 percent this year, and was on his way to achieving the largest quarterly gain in 27 years, with the increasing political tensions and worries about economic growth , which spurred demand for the metal as a hedge against risk .

    Silver fell 0.7 percent to 21.32 dollars an ounce .

    Platinum rose 0.5 percent to U.S. $ 1469.24 and palladium 0.4 percent to 769.50 dollars an ounce

  • Rise of gold to its highest level in four and a half months due to a request seeking a safe haven

    Rise of gold to its highest level in four and a half months due to a request seeking a safe haven

    Rise of gold to its highest level in four and a half months due to a request seeking a safe haven

    Gold prices jumped to their highest level in four and a half months on Wednesday to continue to rise for a second day as doubts about global economic growth and tensions in Ukraine boosted the appeal of the precious metal as a safe haven .

    Brokers said that the decline in stock prices and industrial metals and buying on the basis of technical analysis raised the prices of gold to exceed the resistance level of $ 1355 an ounce .

    Rose also other precious metals skyrocketing silver approximately one percent .

    By the time 0309 GMT, the price of spot gold to $ 1357.11 per ounce ( an ounce ) , up 0.6 percent after it touched earlier in the transactions of $ 1359.25 its highest level since 29 October. The yellow metal rose 0.8 per cent on Tuesday .

    The price of gold jumped 13 per cent so far this year after falling 28 percent in 2013 and by doubts and uncertainty factors in the growing parts of the world .

    The price of silver jumped Spot 1.1 percent to 21.05 dollars an ounce and platinum rose 0.6 percent to 1466.5 dollars per ounce , as well as palladium , which increased 0.37 percent to 767.5 dollars per ounce

  • Gold rises with increasing concern over the crisis in Ukraine and China’s growth

    Gold rises with increasing concern over the crisis in Ukraine and China’s growth

    Gold rises with increasing concern over the crisis in Ukraineand China's growth

    (Reuters) – Gold prices rose nearly one percent on Tuesday, with the increasing demand for the precious metal because of fears of a slowdown in the Chinese economy and concern about the crisis in Ukraine .

    The tension mounts still on Ukraine amid a deadlock in diplomatic efforts , says EU governments it was considering imposing sanctions on Russia if did not respond to an initiative to calm the crisis .

    Ukraine said on Tuesday it would set up a new force of the National Guard in response to Russia’s attempts to annex the Crimea region , after the force opened fire loyal to Russia on Monday during the seizure of a Ukrainian military base in the region .

    Ukraine crisis and undermined investor appetite for risk and impacted negatively on the U.S. stocks , which also gave support to the demand for gold .

    The precious metal also jumped after data showed a sharp decline of China’s exports in surprise in February, causing the trade deficit . Highlighted concerns that data on the recent growth of the second largest economy in the world .

    But analysts warn of potential losses if gold eased political tensions and the continued recovery of the U.S. economy .

    Said Peter Fertig , owner of Commodity Research In Quantettitiv ” led the situation in Ukraine to buy gold in order to hedge but it is more closely related to the impact of the crisis on the stock markets and the consequent exodus of funds towards gold . ”

    He added , “If the deterioration of the geopolitical situation , we may see more transactions move away from risk , and graduated from the stock markets , which will benefit the safe-haven assets such as gold . ”

    The price of spot gold was up 0.8 percent to 1348.10 dollars an ounce in late trading in New York after he jumped earlier in the session to U.S. $ 1352.50 , near its highest level in four months.

    And stepped Gold futures for April delivery 0.5 percent to 1348.40 dollars an ounce .

    Platinum fell about 1 percent to 1459.25 dollars an ounce after it had hit its highest level in six months at 1486 dollars last week .

    And palladium fell 0.9 percent to 765.90 dollars per ounce .

    Silver rose 0.1 percent to 20.82 dollars an ounce

  • Analysis of gold prices today – March 11, 2014

    Analysis of gold prices today – March 11, 2014

    Daily Report For Gold

    XAU/USD Dropped initially during yesterday’s session , but it bounced back enough to close above the $ 1337 support level .

    Yesterday, trading a pair of XAU/USD when the decline came to $ 1,328 an ounce , as a series of economic data is weaker than expected from China increased worries about the country’s economic growth this year , but geopolitical tensions given the upward movement another opportunity to raise prices .

    Ukrainian crisis enhance the status of the Safe originally went recently , but the upward side of the boat crowded . With this into consideration , I will follow up on the rising channel on the chart for four hours. Technically, however, if the pair manages to achieve strong penetration below 1330 , it is possible to be too early to think about the formation of the summit.

    In case withstood channel pattern , it is possible to see the upward movement is moving toward the 1355 level again , but in order to get enough momentum , it will be for them to push prices beyond the level of resistance at 1346 first. Hack through the 1355 level will indicate that the market is aimed at 1361.76 next. If the downward movement seized control and pulled prices to drop below the day yesterday , it is probable that the pair of XAU/USD. dollar test the support level at 1320. Daily closing below 1320 will stir things for the benefit of downward movement and increases the selling pressure . In that case , the next support level will be 1307.

  • Gold Rate In Dubai for 10 grams Hit DH 1500

    Gold Rate In Dubai for 10 grams Hit DH 1500

    Gold Rate In Dubai
    Gold prices steadied today in Dubai on comparable levels this week ,Where the price of an ounce of gold settled at an average of $ 1333 .

    Gold prices in the UAE for Gram 24-carat DH 158 , gram 22 carat DH 149 , Gram- 21 carat DH 140 and settled gram 18 carat DH 120 .

    Gold settled in Asian trade on Friday, heading towards recording a fourth week of gains after investors bought the precious metal on concerns about the recovery of the U.S. economy and the turmoil in Ukraine.

    And settled the price of gold for immediate sale near 1330 dollars per ounce, but it remains down from its highest level in four months of 1345.35 dollars struck on Wednesday.

    Futures settled U.S. gold at about 1331 dollars per ounce.

    Platinum dropped 0.11 percent to 1445.50 dollars an ounce, but remains close to its highest level in five weeks of 1452 dollars struck on Thursday

  • “Emirates Islamic” offers customers options to invest in gold

    “Emirates Islamic” offers customers options to invest in gold

    invest in gold
    Announced “Emirates Islamic”one of Islamic financial institutions in the United Arab Emirates, for the re-launch of gold certificates in a new way , be more in line with the aspirations of customers willing to invest in gold bullion safe and comfortable manner .

    Gold certificates , provided by the ” Emirates Islamic ” , depositors exceptional flexibility to replace or restore their own gold bullion at any time. Customers can buy and sell gold, according to world market prices vessels with full transparency . Being backed by actual gold bullion , the gold certificates are compatible with the provisions of the Islamic Sharia , where the ” Emirates Islamic” contract with a global storage companies , to ensure that the customer concern about the storage or theft or the cost of insurance .

    Said Faisal Aqil , Executive Vice President – Business and Wealth Management ” Emirates Islamic Bank ” : ” Based on its leading position as one of the leading Islamic financial institutions in the country , is pleased to Emirates Islamic Bank to offer customers a product strong allowing them to invest in gold . Give our customers during this year certificates Gold is more flexible and safer , which consolidates our position as a leading provider of innovative financial services that meet the needs of customers constantly . ”

    “We are keen to communicate effectively with our customers , to guarantee them the best facilities in the purchase of gold , through an exclusive product , offers them all the benefits of buying gold and without any hassles .”

    Certificates are issued gold bearing specific numbers gold instead of gold bars, which are available in the category of 100 grams and 500 grams and 1 kilogram of 995 and 999.9 Net net. This step contributes a vital role in enriching the portfolio of products offered by the distinctive “Islamic Emirates”, is in line with the strategy aimed to provide customers from all segments of society with innovative solutions are compatible with the provisions of Islamic Sharia.

  • Gold prices fell with the rise of the dollar and strong sales of the homes in America

    Gold prices fell with the rise of the dollar and strong sales of the homes in America

    Gold falls 1% heading to record the biggest annual loss in 32 years

    Gold prices fell nearly one percent on Wednesday , retreating from the highest level in four months as the weakest rise of the dollar and rising sales of new homes in the United States from the attractiveness of the precious metal as a safe haven .

    The accelerated decline in gold after it announced the U.S. Commerce Department said new home sales in January jumped 9.6 percent to a seasonally adjusted annual level of $ 468 thousand units registered the highest level of its kind since July 2008.

    Gold rose about 11 percent since the beginning of the year with the return of investors to rush him by concerns over the economic situation in the United States and China .

    But yesterday, the gold in the spot market its highest level since 30 October at 1345.35 dollars per ounce before falling 0.8 percent to 1328.80 dollars by the time 1916 GMT .

    Decreased Gold futures in the United States for April delivery settled at 14.70 dollars to 1328.00 dollars an ounce , after rising earlier in the session to its highest level in four months at 1345.60 dollars an ounce .

    Silver fell 2.6 percent to 21.26 dollars an ounce .

    Platinum fell 0.8 percent to 1422.10 dollars an ounce .

    And palladium fell 0.5 percent to 728.75 dollars an ounce

  • Gold recorded a third weekly gain supported by U.S. economic fears

    Gold recorded a third weekly gain supported by U.S. economic fears

    Gold recorded a third weekly gain supported by U.S. economic fears

    (Reuters) –

    Gold prices rose on Friday to record the precious metal ‘s third weekly gain in a row as doubts about the recovery of the U.S. economy has weakened the attractiveness of gold as a safe haven .

    Gold and received support from the data showed that existing home sales fell more than expected to their lowest level in 18 months in January, the latest sign of slowing down with some analysts attributed the decline to the weather conditions and not to the deterioration of the underlying factors .

    The price of gold has received the support of a series of U.S. data weaker than expected made ​​some expect the direction of the U.S. central bank to slow the pace of the withdrawal of monetary stimulus measures , which supports gold .

    The price of gold in the spot market 0.4 per cent to 1327.56 dollars an ounce by the time 1933 GMT, while U.S. futures contracts rose gold for April delivery to $ 6.70 to $ 1323.60 an ounce .

    The price of silver in online transactions 0.4 percent to 21.88 dollars an ounce , while palladium rose 0.8 percent to 739.50 dollars and platinum jumped 1.1 percent to 1426.24 dollars

  • Gold stable with the dollar’s decline and the rise of the stock

    Gold stable with the dollar’s decline and the rise of the stock

    Gold jumps in thin trade However expectations bleak

    Gold prices steadied on Friday and is expected to conclude the week without little changed because of the dollar’s decline after the release of a range of other weak U.S. data , but the rise of the stock rebound weaker momentum ascended the precious metal near its highest price in three and a half months .

    But yesterday, gold highest level since 31 October last Tuesday when reached 1332.10 dollars per ounce , after rising more than four percent last week , its biggest weekly gain since mid- August.

    The price of gold has received the support of a series of U.S. data weaker than expected made ​​some expect the direction of the U.S. central bank to slow the pace of the withdrawal of monetary stimulus measures , which supports gold .

    The price of gold is stable in the spot market at 1323.01 dollars an ounce by the time 1525 GMT, while U.S. futures contracts rose gold for April delivery $ 6.40 to U.S. $ 1323.30 an ounce .

    The price of silver in online transactions 0.2 percent to 21.75 dollars an ounce , while palladium rose 0.4 percent to 737.25 dollars and platinum jumped 0.9 percent to 1422.74 dollars

  • Rise of gold influenced by statements in manufacturing activity

    Rise of gold influenced by statements in manufacturing activity

    Rise of gold influenced by statements in manufacturing activity

    (Reuters) – Gold prices rose on Thursday, affected by disappointing data on manufacturing activity in China, but the general improvement in global economic conditions and the continuation of the Federal Reserve ( the U.S. central bank ) in reducing the procedures of monetary stimulus weakened the attractiveness of the precious metal as a safe haven .

    By the time 2023 GMT, the price of spot gold 1323.31 dollars per ounce , up 0.9 per cent.

    The contract fell U.S. gold futures for April delivery settled at $ 3.50 to U.S. $ 1316.90 an ounce .

    Silver rose 1.5 percent to 21.850 dollars per ounce , while platinum fell 0.2 percent to 1410.60 dollars an ounce and palladium rose 0.3 percent to 732.60 dollars an ounce