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Gold falls on weak technician and the rise of the dollar and U.S. stocks

Gold prices dropped on Wednesday to continue falling the previous session has been affected by the weakness of art and the rise of the dollar and U.S. stocks .

Platinum prices jumped due to concerns over supply after the supply company that closed Impala its mine in South Africa, a day before a planned strike because of a dispute over workers’ wages .

By 1900 GMT, the spot price of gold up 0.1 percent to 1239.50 dollars per ounce after it came down about one percent on Tuesday , the biggest drop for a single session this year .

Investors are reluctant to inject new funds in gold amid the global economic recovery led by the United States which promotes equity markets and diminish the appeal of the precious metal .

The price of platinum rose 0.4 percent to 1455.00 dollars an ounce .

The price of silver rose 0.1 percent to 19.865 dollars per ounce , while palladium rose 0.2 percent to hit 745.50 dollars.

January 22, 2014
Gold recording the highest in six weeks amid signs of rising demand

Gold Prices rose in Asian market Monday to continue the rally for the third consecutive day registered the highest level in six weeks , thanks to signs of rising physical demand especially in China, the largest consumer of metals in the world , and in addition to a rise in gold holdings in index funds backed by gold .

Gold ended Friday’s trading , up by 1.0 percent and achieved a rate of almost a weekly rise of 0.6 percent, extending gains for the weekly fourth consecutive week .

Gold rose by 08:00 GMT to the level of 1253.76 dollars an ounce from the opening level of $ 1252.10 , and recorded the highest level of 1259.81 dollars the highest since December 12 last December and the lowest level of 1252.10 dollars.

Chinese demand

Increased volumes in the Shanghai Gold Exchange for the second consecutive day in a sign of rising demand for the precious metal before the start of the Spring Festival .

China is expected to be installed on the throne of countries in the world in terms of consumption of Gold, where he is expected to announce soon the World Gold Council said China has become the largest country in the world consumer of the precious metal to exceed for the first time India , which affected demand in the wake of restrictions imposed by the Indian government on gold imports .

SPDR Fund

Increased gold holdings at the fund SPDR Gold Trust the largest ETF backed by gold in the world increased by 0.9 percent on Friday, about 7.5 metric tons , the biggest gain in a single day since November 2011, bringing the total holdings of 797.05 metric tons to remain near the lowest level since five years , and the fund’s holdings declined in 2013 by about 41 percent .

January 20, 2014
Gold moved up with dollar’s decline and attention on the U.S. jobs report

Gold prices rose on Friday as the dollar fell from its highest level in seven weeks after a report of weaker -than-expected new jobs in the United States raised the expectations that the Federal Reserve is moving at a slower pace in reducing its program of monetary stimulus , which supports Asouka goods.

Gold has lost almost 30 percent of its value in 2013 , after surging over 12 years because of the fear of investors to reduce the active stimulus measures taken by the U.S. central bank, which pushed them to convert their investments to stocks .

The price of spot gold was up 0.6 percent to 1246.60 dollars an ounce in late trading in the U.S. market .

Futures jumped U.S. gold for February delivery 1.41 percent, to 1246.70 dollars an ounce .

With the decline in the dollar -denominated gold becomes the currency of America is less expensive to holders of other currencies.

The price of silver rose in spot transactions of more than 1 percent to 20.13 dollars an ounce and platinum rose 0.8 percent to 1432.49 dollars an ounce and palladium rose about 1 percent to 741.75 dollars an ounce

January 11, 2014
Gold price In Dubai Surges Dh138 Per Gram

Gold prices UAE have stabilized today at an average trading day this week, with low gold prices worldwide.

In Dubai, the city of gold, one gram of 24ct gold was retailing for Dh 145 , while 22ct gold was being retailed at Dh138.25 per gram and 18ct gold was going for Dh111 per gram.

Rose a little gold metal Asian market on Thursday , trying to reduce the losses continued over two days , supports this rise fell U.S. currency dollar against most major currencies in addition to the falling stocks in Asia , this explained the minutes of the Fed meeting a state of caution controlled council members toward reducing bond-buying program .

And ended the gold dealings yesterday , down by 0.5 percent in the second day in a row of decline amid slowing demand for the metal as a safe haven amid strong indications on the strength of growth in the U.S. economy .

Gold rose by at 07:50 GMT to the level of 1227.00 dollars an ounce from the opening level of $ 1225.45 , and recorded the highest level of $ 1228.03 and the lowest level of 1224.17 dollars.

The dollar index rose 0.1 percent amid falling U.S. currency against most major currencies, especially the euro and the pound sterling , and the dollar fell supports higher goods and metals .

The benchmark MSCI Asia Pacific at 0.6 percent on Thursday and Japan’s Nikkei fell 1.5 percent and has broader Topix index of Japan’s 0.7 percent .

January 10, 2014
Barclays expect an average of $ 1205 per ounce gold price in 2014

Barclays Bank presented on Thursday its forecast for the average price of precious metals in 2014 and said that he expects gold prices to test this year’s low levels recorded in 2010 .

Barclays predicted an average price of gold at 1205 dollars per ounce and silver at $ 19 and platinum at U.S. $ 1539 and palladium at $ 768 .

Said Suki Cooper , analyst at Barclays in a note to clients ” from the perspective of macroeconomic fundamentals, it is likely to face difficulty in finding gold catalysts supported in 2014 . ”

She added that a reduction slower than expected for a program the U.S. Federal Reserve ‘s monetary stimulus and a decline of the stock markets and the dollar are the factors that may help the recovery of gold in the short term

January 10, 2014
Gold falls with the rise of the dollar and the stock

The price of gold fell on Tuesday after gains over five sessions, with the rise of the dollar and the stock markets with the support of optimism about the global economy , although the gains could be limited in the near term due to the modification of the funds relative weights of gold in the beginning of the year .

Gold climbed in the spot market about four percent over the last five sessions, and this is mostly due to falling stock markets after record gains in 2013.

The inn gold in the spot market on Tuesday, 0.8 percent to 1227.80 dollars an ounce by 1456 GMT, time after he settled in earlier in the session without the highest price in three weeks of 1248.30 dollars struck on Monday.

Decreased Gold futures in the United States for February delivery to $ 10.30 to $ 1227.50 an ounce .

Gold fell 28 percent last year with the announcement of the U.S. central bank to change its monetary policy soft .

Analysts said that with the improved macroeconomic conditions will remain gold prices vulnerable to further losses in the light of the start of a program to reduce monetary stimulus the U.S. in January , the prospect of the rise of the dollar and the decline in inflation is likely to adversely affect the interest of investors.

Silver fell 2.4 percent to 19.67 dollars an ounce .

Platinum was down 0.4 percent to 1407.74 dollars an ounce .

And palladium lost 0.2 percent at 734.11 dollars an ounce

January 8, 2014
Swiss central incurring significant losses as a result of decline in gold prices

Swiss central bank said on Monday it incurred a net loss of 9 billion Swiss francs , ” 9.9 billion dollars ” in the past year to the decline in the value of its gold reserves sharply lower after the price of the yellow metal .

And forced the Swiss National Bank , ” central ” , based in Zurich to write off 15 billion francs of the value of what he has gone , while reaching its profits from dealing in foreign currencies and selling of bank rescue fund to 6 billion francs.

The bank stressed that as a result it will not distribute any dividend this year on the state and Kantonadtha also will not get shareholders a dividend .

The price of gold fell by a quarter to around $ 1,200 an ounce , ” ounce ” in the period between January to December of last year

January 7, 2014
Gold prices rally up to the highest level in three weeks thanks to falling global stocks

Gold rose on Monday, extending its rally for the fourth day in a row , its highest level in three weeks on the back as investors bought the metal as a safe haven as a result of falling global equities in Asia , Europe and the United States .

Gold ended Friday’s trading , up by 1.1 percent, its second weekly gain in a row after rising by 1.8 percent over the past week.

Gold rose by at 07:55 GMT to the level of 1239.90 dollars an ounce from the opening level of $ 1236.74 , and recorded the highest level of 1246.22 dollars the highest since December 17 last and the lowest level of 1232.86 dollars.

Global stock

Controlled landing on a wave of global stock markets as a result of correction and profit-taking after rises for a long time in Asia and Europe and record highs on Wall Street in the United States .

Index MSCI Asia Pacific 0.8 percent on Monday and Japan’s Nikkei index fell 2.4 percent and fell broader Topix index of Japan’s 0.8 percent .

The wave of falling stocks and gains from the previous highs pushing investors to buy precious metals , led by gold as a safe haven for the exploitation of low prices during this period .

January 7, 2014
Gold continues to rise recording the highest price in two weeks

The price of gold rose on Friday for a fourth straight session and hitting its highest level in two weeks due to weak equity markets , which encouraged investors to buy the yellow metal as a safe haven .

Gold and enjoys the support of a strong demand from the spot market in China is expected to record the best weekly performance since October .

The rise in gold after losing almost 30 percent in 2013 , which put an end to the 12 -year-old continued to rise because of the U.S. central bank plans to withdraw monetary stimulus .

Analysts have warned that the driving force for gold in the first days of the new year will not last long and is likely to record a decline another metal in 2014 .

Gold rose in online transactions 0.85 percent to 1234.90 dollars an ounce by 0708 GMT, time and had recorded of $ 1238.70 earlier , the highest price since Dec. 18 . Gold climbed 1.6 percent on Thursday .

Silver was trading near its highest level in two weeks also after rising 3.5 percent in the previous session .

Silver rose 0.55 percent to 20.11 dollars an ounce and platinum rose 0.36 percent to 1405.5 dollars an ounce and palladium rose 0.27 percent to 728.22 dollars an ounce

January 3, 2014
Top ten tips to help you shop in Dubai Shopping Festival

Not all of us know how to shop smart; most of us usually spot something we like and run towards it like a mosquito to light. In shopping festivals that could be the worst thing you can do to your wallet. Here are 10 tips we’ve put together for you to take FULL advantage of the sales this season:

1. Don’t buy what you don’t need: most of us buy things just because they’re cheap and affordable. It doesn’t matter if we’re going to wear them or not, we just get them anyway because they’re 80% off. That’s a very common mistake that you should avoid if you want to save money in sale season. Remember, a bargain is not a bargain if you won’t wear/ use it!

2. The salesperson is NOT your friend: no matter how smiley, friendly, supportive, and frank this person is, in the end they’re there to SELL you something. Don’t take their advice/ opinion to heart. Follow your gut, if you think something is too expensive, not worth the money, or doesn’t feel right on you, don’t buy it!

3. Don’t buy on impulse: impulse buying is very common during sales season and shopping festivals. Before you purchase anything, ask yourself this: do I REALLY need it?!

4. Don’t shop when you’re bored, hungry, lonely, or upset: you’ll end up buying things you don’t need. Shopping is usually associated with a mood boost and that’s why women tend to shop when they’re not feeling really well. Over-shopping will not only leave you broke, but you’ll end up hating yourself the next day.

5. Avoid peer pressure: go shopping alone, taking a friend/ partner with you might alter your decision making process. When looking for clothes/ shoes to buy, you want something that YOU like, something that YOU would wear, something that YOU want, not anyone else. If you’re the kind of person that gets easily influenced by people’s opinions, go shopping alone.

6. Pick a right time: don’t go shopping right after work. Pick the right time to hit the stores (either really early, once the shops open, or really late) to avoid crowdedness. Shopping in a crowded environment could get you anxious and ruin the shopping experience for you.

7. Set a timeframe: don’t hit the mall for 7 hours straight. Set a time frame to avoid aimless wandering around the mall and shopping out of boredom.

8. Pay in cash: using your credit card will definitely cause you to over shop! Research suggests that paying with credit card causes us to shop more by at least 20- 50%. When you pay with cash, you’ll keep count of what you spent that day and how much you spent on what.

9. Set a budget: put a maximum limit for expenditure. Keep your budget in check by leaving the house with only that money, when you run out of money, you’ve hit the budget ceiling. Setting a budget will make you prioritize and will stop you from over shopping.

10. Buy what you NEED! Create a shopping list, a list of everything you’ve wanted to buy but didn’t have the money for. That shopping list will help you buy only the things you need. It’s ok to shift away from that list on one or two items as long as they’re within your budget but then again, sticking to the list will guarantee that you bought the things that will be of benefit later on.

January 2, 2014