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Daily Report For Gold 8/11/2013

Gold trades settled in early trading in anticipation of the monthly jobs report is expected to be released later in the day after he was taking the impact of growth data in the United States during yesterday’s session.

Gold prices traded around $ 1,310.21 per ounce and the Supreme achieved so far at $ 1311.56 and the lowest $ 1,305.88.

Markets today are looking forward to the U.S. monthly jobs report, which is expected to show a weak pace of growth of employment, especially that projections indicate added 120 thousand jobs in October of 148 thousand jobs in September

Thus investors re-pricing of U.S. data and thus determine the direction of the market after the data release today, twice the pace of job growth will increase speculation that the Fed considers delaying the reduction of mitigation policies valued at $ 85 billion per month until next March.

Gold prices lost an average of less than 25 percent of its value since the beginning of this year after economic data showed an improvement at the global level and in the United States and start talking about the Bank towards reducing quantitative easing policies, prompting the exit of investors from the gold markets as large.

Monthly jobs report is expected to be released at 13:30 GMT.

Gold fell down yesterday, with the price slumping continued with a reduction gold from Some of its losses today. Generally will continue to favor the bearish scenario as long as the price is fixed below the levels of resistance to range scope of side stability 1327.00

Support 1306.00 1300.00 1294.00 1286.00 1280.00
Resistance 1315.00 1322.00 1327.00 1336.00 1340.00

November 8, 2013
Gold Price Today in Dubai hit Dh 147 Per Gram

Gold prices in Dubai settle on the decline for a seven day with the decline in gold prices where he scored 22 carat today DH 147 in Dubai Gold Exchange

Gold prices in the UAE for Gram 24-carat DH 156.242 , gram 22 carat DH 147.23 , Gram- 21 carat DH 139 and settled gram 18 carat DH 120 .

Gold prices settle on Thursday after rising in the previous session after a seven – day decline as investors bet on continued U.S. monetary stimulus for a longer period due to the high holdings of the largest indicators powered gold fund in the world for the first time in two weeks.

The precious metal remained in the range 1306 and 1321 dollars per ounce this week as markets waited important U.S. data for clues to the date on which it will begin the Federal Reserve ( Fed ) to reduce monthly program to buy bonds worth $ 85 billion.

Investors are waiting for GDP data and non-farm payrolls data in the United States on Friday before any move in the market.

By the time of 0716 GMT, the spot price of gold up 0.1 percent to $ 1317.91 an ounce , after rising 0.5 percent on Wednesday .

In other precious metals , silver rose 0.2 percent to $ 21.82 an ounce.

And platinum rose 0.2 percent to $ 1464.50 while palladium Inn 0.4 percent to $ 758.97 an ounce

November 7, 2013
Continuing Expectation In Gold Markets Ahead as U.S. Growth Data

Anticipation is still in control of the trades in the gold markets moving within the scope of accidental and weak trading volume on Thursday ahead of the announcement of the growth data for the third quarter in the United States.

Gold prices recorded levels of $ 1318.91 per ounce after it achieved its highest at $ 1319.87 per ounce, the lowest $ 1,315.00 per ounce.

Waiting for today’s announcement of the growth data for the U.S. economy for the third quarter at a time may shed light on the trends toward reducing the Fed’s quantitative easing policies valued at $ 85 billion per month.

Also waiting for tomorrow’s announcement of the monthly jobs report and therefore the movements of gold may see fluctuations until the announcement of the report, which will determine the point of gold in the short term investors based on the pricing of U.S. data and linking them to speculate the Fed decisions

Quantitative easing policy was behind the doubling of the price of gold over the past three years, which prompted investors to hold gold as a store of value, but gold prices have fallen during the current year for the first time in 13 years of consecutive rise.

Gold prices lost an average of less than 25 percent of its value since the beginning of this year after economic data showed an improvement at the global level and in the United States and start talking about the Bank towards reducing quantitative easing policies, prompting the exit of investors from the gold markets as large.

While showing the SPDR Gold Trust Fund’s largest gold-backed ETF in the world showed an increase in the volume of gold has about 2.10 tonnes to 868.42 tonnes on Wednesday and was still at its lowest level since February 2009.

U.S. economic growth data for the third quarter will be released at 13:30 GMT.

November 7, 2013
Daily Report For Gold 7/11/2013

Gold trading in the Asian market on Wednesday within a narrow trading amid anticipation that controls the investors ahead of the European interest rate decision for the month of November, the statement ahead of the growth of the U.S. economy to the third quarter of this year.

Gold ended trading yesterday on the rise by 0.5 percent, ending a wave of decline continued throughout the day seven consecutive days within a longer series of daily decline since middle of May.

U.S. economy

Awaits the U.S. economy important data will show how the economy ‘s need for the continuation of the Federal Reserve in the same stimulus policies unchanged for as long as possible .

Where issued an initial reading of GDP for the third quarter is expected to grow by 1.9 percent from 2.5 percent the second quarter , and issued weekly jobless claims expected 336 thousand from 340 thousand for the previous week .

The U.S. economy is also expected jobs report on Friday Non-Farm Payrolls for the month of October is expected 121 thousand jobs of 148 thousand jobs during September .

And the current outlook for growth and jobs are in favor of the continuation of the same policies and stimulus to keep bond buying program estimated $ 85 billion dollars a month to a longer period may extend to next March by some economists ‘ expectations .

Gold price is still trapped between the levels of 1300.00 and 1328.00, and waits for a strong incentive driven toward a clear path on the intraday and short term, the conflict continues between the SMA 50 negative and positive stochastic

Trading range expected for today is between: Support Resistance 1290.00 and 1350.00

November 7, 2013
Gold Prices Settled After 7 Days of losses

Gold struggled to end the longest wave of losses in about six months with continuing uncertainty regarding the date on which it will begin the Federal Reserve (the U.S. central bank) to reduce its stimulus procedures.

Gold lost about three percent since October 28 in the longest wave of losses since mid-May when he came down eight percent in seven days.

Analysts believe that the precious metal may come down to about $ 1,300 an ounce before the announcement of the jobs data in the United States on Friday.

It was the timing that will begin when the U.S. central reduce his monthly to buy bonds worth $ 85 billion a key factor in determining the price of gold this year and lost the gold to 20 percent of its value this year, as it paid the economy improves investors to buy stocks and encouraged the Fed to consider reducing the stimulus .

And threw mixed economic data recently cast doubt on the date on which it will begin to bank in this step , prompting speculation in the markets whether the bank will do so before the end of the year .

Settled spot gold price at $ 1311.59 an ounce.

And decreased trading volumes Gold in Comex Exchange this week, while markets await U.S. jobs data, which announced on Friday.

In other precious metals, silver rose in online transactions 0.1 percent to $ 21.67 an ounce.

Platinum rose 0.23 percent to 1451 dollars and palladium 0.47 percent, to $ 749.89 an ounce.

November 6, 2013
Oil and gold are trying to rise at the expense of the weak U.S. dollar

Controlled wave of rebound rising on both gold and crude oil today after reduction for six consecutive days, and comes the rise in commodity support from the decline in the U.S. dollar, which is expected tomorrow growth data for the third quarter with growing expectations a slowdown in the pace of growth of the economy and this in turn will support the Federal orientations not begin withdrawing a monthly quantitative easing policy.

Gold

Gold prices rose today for the first time in six sessions with the expectation that growth data the U.S. tomorrow, and the jobs report on Friday will add more signs that the U.S. economy is still fragile and need not to start the withdrawal of quantitative easing policy monthly estimated 85 billion U.S. dollars , and this in turn will give strength to gold rising with the growing demand for the metal as a hedge.

Gold prices move since the beginning of the year with expectations about how long it will circle the Fed, and many analysts believe that gold prices will remain hovering around $ 1,300 an ounce until the next U.S. jobs report.

As of time 13:34 GMT +2, the price of gold rose to record levels of trade around $ 1319.51 per ounce compared to the top at $ 1321.75 and the lowest at $ 1308.99, technically gold re-test the key resistance levels around 1320.00 on an intraday basis, which keeps the bearish scenario effective as long as the levels of 1329.00 fixed, we would prefer to see the price proves without 1320.00 for the survival of a dominant downside bias.

Silver Price rose to trade around $ 21.95 per ounce and scored highest at $ 22.05 and the lowest at 21.60 $ influenced by the low U.S. dollar, which is currently trading around 80.56, recording a high of 80.80 and a low of 80.36 compared to the opening price at 80.36.

Crude oil

Crude oil prices trying to rebound in profit-taking after the sharp decline that dominated trading over the past few weeks with continued high U.S. inventories to reflect weak demand from the world ‘s largest consumer of crude oil.

Awaits investors today EIA report U.S. during the past week , which is expected to show a rise to 1.6 million barrels compared to rise during the previous week by 4.1 million barrels, continue oil inventories rise for the week sixth consecutive amid fragility plaguing the economy after the partial closure latter.

Crude oil futures fell delivery December to trading on the levels of 94.11 $ per barrel, scored highest at $ 94.23 and the lowest at $ 93.63 compared to the opening price at $ 93.72 .

Technically, crude oil re- test support levels broken and downlink previous levels around 94.05 . We will continue to monitor the price on the previous levels of more modern signals for crude.

November 6, 2013
Limited trading in gold markets and anticipation dominated investor sentiment

Gold prices traded within a limited range during early trading today while awaiting the markets in which investors in the U.S. data , which may indicate the extent to Bank about reducing policies quantitative easing.

Gold prices recorded levels of $ 1312.08 per ounce after it achieved higher at $ 1,315.33 per ounce and the lowest $ 1,308.99 so far.

Caution and anticipation dominated investor sentiment towards gold , so seeing weak since the beginning of the trading week.

We have this week’s data on U.S. economic growth in the third quarter, as well as the jobs report monthly and as long as the Fed decision was made to keep the policies of quantitative easing worth $ 85 billion until the economy improved it so left to the markets of freedom to predict when reducing those policies based on the strength of the data economic development.

Weak trading reflects the uncertainty on the direction of the bank at a time when varying expectations that the bank early reducing before the end of this year and other forecasts see he will not do so until the end of the first quarter of next year.

When the FED adopted quantitative easing policies during the 2008-2009 global financial crisis prompted investors to keep gold as a hedge against inflation and a store of value which contributed to the doubling of the price of gold over the previous three years , while the price of gold continued to rise for about 13 years , respectively, until the beginning of year.

Gold prices lost an average of less than 25 percent of its value since the beginning of this year after economic data showed an improvement at the global level and in the United States and start talking about the Bank towards reducing quantitative easing policies , prompting the exit of investors from the gold markets as large

November 6, 2013
Daily Report For Gold 6/11/2013

Continue narrow band control over the trading price of gold recently, to remain confined between the levels of support 1300.00 and resistance posed by the SMA 50 at 1328.00, and therefore, our position neutral remains valid until now, waiting to confirm the price skip the one mentioned levels and get the signals more precise direction of the next.

The trading range expected for today is between: Support Resistance 1290.00 and 1350.00

General tendency is expected for today: neutral

November 6, 2013
Daily Report For Gold 5/11/2013

Gold continued its decline, but gold slightly and movement was neutral as most traders await what will happen to the U.S. economy, especially after the progress achieved by the simple end of the dollar last week

Gold opened at $ 3161 per ounce and closed at 1314 dollars per ounce.

GOLD support and resistance points

R1 1320.3 S1 1311.6

R2 1323 S2 1308.9

R3 1327.4 S3 1304.6

Pivot Point: 1316.4

November 5, 2013
Daily Report For Gold 1/11/2013

Trading price of gold settled below SMA 50, and this signal a possible halt of the positive trading on the intraday basis, but note the arrival of stochastic oversold levels, which may contribute to re-price upward path.

Therefore, we prefer to stop on the fence on a temporary basis in order to monitor the disposal price for the levels of 1330.00 and 1300.00, where breaching the mentioned support will confirm the continuation of the bearish trend towards 1260.00, while the penetration resistance will bring the price of the new rookie of the path.

The trading range expected for today is between: Support Resistance 1300.00 and 1360.00

General tendency is expected for today: neutral

Gold Decline on Thursday, extending its decline for the third day in a row to its lowest level in more than a week and with the rise of the U.S. currency the dollar broadly against most major currencies after that kept the Federal Reserve’s policy stimulus without changing the same outlook prevailing in the market.

Gold fell by 13:30 GMT to the level of $ 1329.08 per ounce from the opening level of $ 1341.43 , and recorded the highest level of $ 1342.76 and a low of $ 1322.81 lowest level since the 22 of this month.

Dollar Index

The dollar index rose for the fifth consecutive day , its highest level in nearly two weeks 80.14 points , and by the rise of trading on Thursday 0.5 percent thanks to rising greenback broadly against most major currencies , which does not hurt in favor of higher commodity prices resistance to the dollar .

Federal Reserve Board

Keep the Fed on the same monetary policy stimulus unchanged and proven bond-buying program at $ 85 billion per month, the council said that in a need for more evidence, such as to tighten monetary policy , but he alluded to the lack of concern over the economic situation as expected by some .

And landed gold prices about 21 percent since the beginning of this year on fears that the Federal Reserve may begin to ease his stimulus cash , but the battle of the budget in Washington and a series of weak economic data have raised doubts about the chances that reduces the Central American program , which gives a boost to the precious metal .

Said Matthew Turner , an analyst at Macquarie ” The market was expecting in the light of the failure of government activities and data to be weak Fed statement supportive of the economy and perhaps more inclined to facilitate cash for the last few months , but did not move in this direction .”

Gold tends to record the second consecutive monthly loss during the month of October if it ended the day Thursday sessions last month, below the level of $ 1328.66 an ounce.

November 1, 2013