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  • Gold falls to lowest level in 6 months by a wave of selling

    Gold falls to lowest level in 6 months by a wave of selling

    Gold falls to lowest level in 6 months by a wave of selling

    The price of gold reached its lowest level in six months on Friday and approached the lowest level in three and a half years after a huge wave of selling in the wake of the U.S. central bank’s decision to reduce monetary stimulus .

    After losses this week is expected to be the largest gold record annual decline in his 32 years.

    Gold fell in online transactions to its lowest level in six months at 1185.10 dollars per ounce earlier in the day Friday , then recovered some lost up to 1192.80 dollars by the time 0731 GMT, thanks to bargain hunting cheap .

    Analysts said traders and technical factors and sentiment remains pessimistic , although gold may fall more.

    Said a trader in precious metals in Hong Kong, ” the volume of trading in Asia is very small so I do not expect a big movement on the spot. Throughout the day but I think we may go down from the lowest levels of the year. ”

    Gold fell almost three percent this week and 29 percent since the beginning of the year .

    And silver today fell 0.4 percent to 19.16 dollars an ounce , while platinum rose 0.3 percent to 1318.75 dollars and palladium rose 0.5 percent to $ 697

  • 26% loss of gold since the beginning of the current year

    26% loss of gold since the beginning of the current year

    26% loss of gold since the beginning of the current year

    Gold appeared losses since the beginning of this year, 26%. In spite of the slight increase recorded by the yellow metal yesterday reaching 1233.30 dollars an ounce, but he was unable to bridge the huge gap in price.

    Joyce said if investment analyst at Phillip Futures said gold candidate to decline between 30 and 60 dollars for the current range.

    Silver settled unchanged at 19.87 dollars per ounce.

    Platinum rose 0.2% to hit U.S. $ 1348.75 and palladium rose 0.5% to 700.75 dollars an ounce.

  • Gold falls to lowest level in 6 months after the reduction of monetary stimulus the U.S.

    Gold falls to lowest level in 6 months after the reduction of monetary stimulus the U.S.

    Gold falls to lowest level in 6 months after the reduction of monetary stimulus the U.S.

    The price of gold fell more than one percent on Thursday , its lowest level since late June after the U.S. central bank took the first step to change the loose monetary policy that has helped to lift gold prices to record levels in recent years.

    He said the Federal Reserve ( the U.S. central bank ) said on Wednesday that the U.S. economy has become strong enough to begin to reduce the bond-buying program to end the era of massive monetary easing by which gold rose to 1920.30 dollars per ounce in 2011 .

    The price fell Spot gold on Thursday 1.2 percent to 1203.85 dollars an ounce by 1000 GMT, and had touched earlier to $ 1200.25 . Gold fell U.S. futures for February February 32 dollars to 1203 dollars per ounce .

    Although the stimulus has promised to cut the bank to keep interest rates low for a long time and said that the action taken is not a tightening of monetary policy.

    Silver fell 2.2 percent to 19.29 dollars an ounce, platinum was down 0.5 percent to 1324.25 dollars an ounce , while palladium settled unchanged at 695.25 dollars an ounce , after falling for five days

  • Daily Report For Gold 11/12/2013

    Daily Report For Gold 11/12/2013

    Gold fell slightly Asian market on Wednesday after rallying transactions yesterday to the highest level in three weeks, and the effects of an agreement on the U.S. budget concerns near the Federal Reserve ‘s actions to reduce its bond buying program catalyst for the U.S. economy .

    And ended the gold dealings on Tuesday , up by 1.8 percent to its highest level in three weeks 1267.65 dollars an ounce amid the U.S. currency fell to its lowest level in six weeks against a basket of major currencies .

    The decline in gold by 08:00 GMT to the level of 1257.18 dollars an ounce from the opening level of $ 1261.12 , and recorded the highest level of $ 1262.86 and the lowest level of 1256.35 dollars.

    U.S. stimulus program

    Agreement raised concerns about the U.S. budget investors from near the Federal Reserve measures to reduce bond-buying program estimated value of 85 billion dollars a month .

    The Federal Reserve Board meets days 17-18 of this month amid rising signs the U.S. economic recovery , especially improved the labor sector , which could precipitate the Council to reduce the bond-buying program .

    The bond-buying program push gold prices to record highs during the last three years , but the speculation imminent reduction program led to a decline in the metal by about 25 percent during the current year, which makes it way to incur the biggest annual loss in 13 years.

    Gold opens a door to momentary gain 11.12.2013
    Gold opens a door to momentary gain 11.12.2013

    The price of gold has achieved a breakthrough of resistance to the sideways range shown yesterday and settled daily closing above it, opening the way for further upside bias would be unlikely that the intraday range, which is located at the main goal 1300.00, while the realization of which requires stability above 1255.00.

    SMA 50 supports the proposed increase, but it is necessary to pay attention to the negativity on Stochastic may hinder the proposed rise, with reference to the total trading is still within the descending channel that continue pressing negatively in the short term.

    The trading range for today is between: Support and resistance 1240.00 1280.00

  • Daily Report For Gold 10/12/2013

    Daily Report For Gold 10/12/2013

    Gold prices rose today as a result of decline in the U.S. dollar amid the absence of economic data from the American arena to score a fourth session decline in a row to reach the lowest level in two months , and has resulted in a falling dollar to enhance the attractiveness of the yellow metal Kastmthar alternative , while silver rose to trade near its highest level since three weeks .

    It remains to say that the markets are not just American but global and waiting for the FOMC meeting next week and is the last meeting for this year and for the current bank governor Ben Bernanke , before the meeting and what the price of gold is trading in the range of accidental .

    It is noteworthy that gold prices have fallen by 27 % during this year and has reached its lowest level at 1180.50 dollars an ounce in the month of June last , following speculation that the fact that the Fed plans to withdraw stimulus gradually.

    Gold trading

    Given the price of gold , it is trading at 1262.65 dollars an ounce at 15:47 New York time compared to the opening at 1239.62 dollars an ounce reached the highest level at 1267.65 dollars an ounce and a low of 1237.67 dollars per ounce .
    Trading the U.S. dollar

    Decline in the U.S. Dollar Index , which tracks the performance of the U.S. dollar against a basket of major currencies , mainly the euro and the pound sterling and the Japanese yen after the news to trade at 15:48 pm GMT on the levels of 79.96 after it had opened its meeting at 80.17 recording its highest level of 80.07 and the lowest for 79.83 .

    Trading silver and platinum and palladium

    For other metals silver prices rose by 3.29 percent to 20.35 dollars an ounce, platinum rose by 1.44 % to 1394.28 dollars an ounce and palladium rose to trade around the levels of 736.25 dollars per ounce , up by 0.04% .

  • HTC 1 Phone from 24 carat gold

    HTC 1 Phone from 24 carat gold

    HTC 1 Phone from 24 carat gold

    Witness the smartphone market overheated competition among manufacturers that are trying to meet the needs and requirements of users who seek to excellence , both in terms of design or features .

    Colors and play smart phones a major role in stirring love buying the consumer because of the psychological effects of which are reflected in some of the colors , most notably the golden color granulated to many because of the value of physical gold .

    Previously, the two companies Samsung and Apple that ever put phones colors golden distinctive especially for my Galaxy S 4 and iPhone 5 OS , and won the Iqbal widely by consumers , but the company HTC Taiwanese raised the ceiling and exposed the phone ” HTC and” made ​​carat gold 24 carats.

    But it would be gold on a whim to wait before being able to buy this phone very exclusive , which launched only two copies of it in New York , according to the website ” Mashabl ” specialist technology news .

    It is reported that nearly three months ago , put up a branch company in Britain, 5 copies of the phone itself , but is made of 18 carat gold , the price came to 4416 dollars per phone .

  • Report: Gold traders most concerned because of the possibility of further losses

    Report: Gold traders most concerned because of the possibility of further losses

    A recent economic report said that the weakness of the new gold during last week contributed to the rise in implied volatility on growing expectations that the current levels of trade may face more challenges.

    A report Saxo Bank: So it was not surprising to find that the tendency is moving strongly to the need to protect tend toward fall. Split landing options trades for the first ten decades optional evenly between the sale and purchase.

    The fluctuation curve remained strongly bearish toward the fall with the survival of trade contracts in the optional purchase top six percent above the equivalent in sales. Options trades landing split the first ten decades optional evenly between the sale and purchase of the option. This level of interest received in January 2014 the largest purchase in 1200, and was last trading at 13.70 U.S. dollars per ounce in February 2014, followed by the purchase of 1,150 m at last traded at 12.5 U.S. dollars per ounce.

    The report pointed out: The total open interest on options contracts for gold in February 2014 and which covers a nice $ 800 by nine percent during the past few weeks to up to 95 300 contracts. Still rate options contracts for sale and purchase at 0.92 which indicates a relatively large rush in the market something that goes against the current trend may indicate a preference for the use of options contracts on futures contracts to accelerate the vision of the emerging view of the short-term risk of further losses.

  • Daily Report For Gold 9/12/2013

    Daily Report For Gold 9/12/2013

    Gold settles at the beginning of the week

    Gold settled the Asian market on Monday, amid investors’ assessment of the labor market data for the U.S. , which increased expectations that the Federal Reserve Board to reduce monetary stimulus program during the meeting scheduled for next week .

    Gold ended Friday’s trading , up by 0.3 percent , and fell by 1.8 percent over last week’s trading , which recorded during the lowest level in five months to $ 1211.62 an ounce.

    Gold is trading by at 07:40 GMT, on the level of 1231.37 dollars an ounce from the opening level of $ 1230.10 , and recorded the highest level of $ 1232.21 and the lowest level of 1225.22 dollars.

    Enhanced data released on Friday in the United States recovered from the indicators is the world’s largest economy may accelerate the establishment of the Federal Reserve ‘s tightening of monetary policy .

    The data showed the success of the world’s largest economy to add about 203 000 new jobs in November better than expectations that referred to 180 000 job at the best of 200 000 jobs in November November

    The unemployment rate fell last month to its lowest level since November 2008 , recording 7.0 percent from 7.3 percent during October October, better than the median forecast of 7.2 percent .

    And increased expectations of these data , which indicate the likelihood that the Federal Reserve Board in its next meeting scheduled for 17-18 of this month to take a decision to reduce the bond-buying program estimated value of 85 billion dollars a month .

    The bond-buying program push gold prices to record highs during the last three years , but the speculation imminent reduction program led to a decline in the metal by about 26 percent during the current year, which makes it way to incur the biggest annual loss in 13 years.

  • Daily Report For Gold 6/12/2013

    Daily Report For Gold 6/12/2013

    Daily Report For Gold 6/12/2013
    Daily Report For Gold 6/12/2013

    Gold prices steadied in early trading in anticipation of the U.S. jobs report at the time that it may tend to achieve lower prices weekly until now .

    Gold prices traded around levels of $ 1,230.15 an ounce after that opened at levels of $ 1225.19 an ounce and has achieved the lowest so far at $ 1,224.13 and $ 1,233.80 highest so far .

    Good data over speculation in the markets that the Fed will move to reduce the quantitative easing policies valued at $ 85 billion dollars a month . Especially as the U.S. economic data is the prime mover for the construction of expectations because the bank noted in more than one occasion that the decision to quantitative easing policies based on economic data and the extent of improvement in the U.S. economy .

    Yesterday, data showed U.S. economic growth in the third quarter better than expected and within the best level since the first quarter of 2012 , while the private sector added jobs for the better than expected .

    Today all eyes are moving to the monthly jobs report and forecasts suggest the economy in addition to about 180 000 jobs in November earlier.

    Gold prices lost an average of about less than 25 % of their value since the beginning of this year, after data showed economic improvement globally and in the United States and start talking about the bank ‘s policies towards reducing quantitative easing , prompting the exit of investors from the gold markets in a manner large .

    Continued negative pressure on gold and improved U.S. data could push gold prices to $ 1,180.00 areas ounce , though markets have already priced U.S. data and influenced the movements in the gold markets .

    Gold trading higher level with strong support around $ 1224 /OZ. It constantly trading above this level, may push the pair to rise to 1230 dollars an ounce during trading today. In the case of a break of 1224 dollars an ounce down, it pushes the gold to drop to the line of the bullish trend.

  • Gold Price Now Climb Turkey’s Gold imports to the highest level of 270.7 tons

    Gold Price Now Climb Turkey’s Gold imports to the highest level of 270.7 tons

    Gold Price Now
    Gold Price Now

    Gold imports rose to their highest levels in Turkey this year after a significant decline in the price of the precious metal , is expected to climb further check if it is decided officially easing restrictions on trade with Iran .

    Data from the Istanbul Stock Exchange that Turkey imported 270.7 tons of gold in the first eleven months of the year , more than double imports in 2012 amounting to 120.8 tonnes whole .

    The increase is due to a sharp decline in gold prices this year , down 26% since December 2012 after rising for 12 consecutive years .

    Cameron said Alexander , an analyst at ” Thomson Reuters GFI LMS ” : ” saw Turkey as most market -sensitive prices decline in the price level this year, a chance to rebuild inventories and meet some of the latent demand that be with out consumers from the market because of high prices .”