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Gold rises to highest price approaching $ 1,600 again

Gold rose to the highest price to near turnpike $ 1,600 per ounce again, up 1 percent on Tuesday after comments by a European Central Bank that inflationary pressures in the euro zone than recede considered an indication of the continued monetary easing.

And pour soft monetary policy in favor of gold as low interest rates encourage investors to put money in assets such as precious metal.

At 1213 GMT, the spot price of gold and one percent to $ 1596.1 an ounce after it broke through strong technical resistance at 1590 dollars after seven sessions of the move in a narrow range. Traders said the next upside target level is psychologically important $ 1600.

March 12, 2013
Moody’s: reduce credit risk in Dubai since 2009

credit Experts in the credit rating agency Moody’s said Dubai government units will be able to successfully manage their debt worth this year, estimated at about two billion dollars.

The experts at a news conference the agency in Dubai yesterday that the prices of swap credit risk – which refers to the credit risk in the country – has shrunk dramatically for the Government of Dubai since 2009, which clearly indicates the improved investor confidence for credit in Dubai with expected continued so during 2013.

They added that the key sectors of Dubai during the past able to achieve good results with the expectation of continued good operating performance of those sectors on the back of global macroeconomic growth positively in the coming period, and strong emirate trade with emerging markets.

Factors improved credit

Martin said Kolhes Vice President Moody in Dubai The flexibility and high oil prices, which ranged on average about $ 112 a barrel since early 2012 was at the head of the factors that influenced positively in terms of the credit quality of companies Dubai and the Gulf states in general and led to the growth of income.

In contrast, increased the cost of extracting oil since 2003 and until 2012 in different proportions in the countries of the region. In the UAE rose from $ 37 to $ 81 in that period, which is the highest percentage among those countries. He added that the oil reserves rose and the question remains as to whether the countries in the region will use more of those precautions or reduce the cost of extracting the oil.

Pointing out that Moody’s expects that the price of a barrel of oil remains much higher than the price extracted until at least 2015. The second factor which impact positively on the quality of credit is healthy growth achieved by emerging economies in the Group of Twenty, and even modest growth in strong economies in that group.

Key sectors of Dubai

He Kolhes the indicators linked to that used by the Agency to measure the performance of Dubai’s economy refers to the improved performance of the sectors of trade, transport and tourism in the emirate during the past two years, for example, rose passenger traffic at Dubai airport from 4.26 million passengers in December 2010 to 4.69 million passengers in December 2011 to 5.32 million passengers in December 2012.

Increased energy standard containers in the DP of 2600 in March 2010 to 2971 in March 2011 to 3298 in December 2012. He pointed out that the agency expects continued good performance of these sectors in 2013.

Said Kolhes that in 2012 set a world record in the volume of debt issued for the purpose of investment and on the back of quantitative easing and low interest rates and low inflation. And expect to be issuing debt in 2013 more affordable than last year, which would work in favor of companies in the region.

He pointed out that the issue of debt refinancing may appear on the surface again after 2013 due to the slow progress in corporate restructuring liquidate assets and limited transparency regarding government support for Dubai units in addition to the continuation of the Dubai World debt.

Debt maturity

The Kolhes added that corporate debt maturity extended from about five years in the nineties of the last century to about 30 years in the recent years, a new and positive direction for it benefits the markets and makes refinancing more accessible than ever before.

He added that among the measures that have helped ease the pressure tight liquidity subsidies (Caldam who presented to ALDAR) or the presence of structural supportive of funding as in the free zone of Jebel Ali, or ease the debt restructuring, as happened in the Nakheel and Dubai World, for example.

He pointed out that strong companies able to handle its debt while remaining smaller firms more vulnerable, describing liquidity in about five companies in the Gulf states as weak, and the reason is due to weak internal sources of funding or operational weakness returns.

Exchange rate risk, credit

He Kolhes that exchange rate risk, which refers to the credit risk of credit in the country has shrunk dramatically for the Government of Dubai since 2009, which clearly indicates the improved investor confidence significantly for credit in Dubai with the expectation of continued during 2013.

He added that the circumstances at this time, such as low interest encourage refinancing through versions and the emirate of Dubai have benefited from these conditions in reference to the issue of Dubai bonds worth $ 500 million and the instruments of $ 750 million last January

March 12, 2013
5 Facts About Federal Reserve

Fed acquires enormous power. Since it is an institution for its dramatic impact on our economy, it is important to know at least some of the basic information such as what it is and what its role in the financial sector.

Some of the important roles played by the Fed is setting interest rates, regulate the value of the dollar, and inflation control all those factors affect the markets of precious metals, including silver and gold bullion.

There are 5 important facts about the Federal Reserve:

1. Federal Reserve private enterprise. Many believe that a branch of the financial institution of the U.S. government, and in the fact that the Fed belonging to the bonds owned by 12 of the joint-stock banks, all of them either bank owned by the regional banks, commercial Aoajunbah.

2. Monopolize the Fed’s flow of currency in America. It does this by controlling the amount of loans provided by commercial banks. When the proportion of new loans, also increased the money supply (printing money) and vice versa. Federal Valaanaaty has the power to determine the proportion of new loans and that by doing three things:

– Change the required reserve ratio.

– Allowing banks to borrow from the Fed at discounted rates.

– Buying and selling bonds.

3. The Federal Reserve in the cause of inflation when interest paid on the debt using funds not yet been printed. So that if the debt has been paid out money printed now, it is where the debt will be paid interest? So be paid with money, which will be printed in the future. Inflation is a natural product of this system.

4. The monetary mass potential is unlimited. Prior to 2008, was asked commercial banks to maintain no less than 10% of deposits in reserve, which was limiting the amount of printing money to 9 times the amount deposited. However, the adjustment item in the Law of the Troubled Asset Relief Program (TARP) in September 2008, this requirement reduced to 0%, which means that there is no restriction on the amount of money that could تتطبع there is no longer any kind of massive protection against inflation .

5. There is debate about the constitutionality of the Federal Reserve. Proponents argue the U.S. Constitution that the federal government does not have the authority to establish the institution authorities have extended such that the U.S. Federal Reserve Bank. Some defended the organization, saying it is the right currency within which the Founding Fathers in the U.S. Constitution, a matter of interpretation.

It is interesting to note, that if our search in the history of the Fed, we will find that her coalition of banks is in fact the creation of a third institution in the history of the American nation, and there was a period lasted 80 years where he was treated without any central bank.

And must be on all the citizens of the United States, to observe closely the Fed even notice how his policies affect the value of the currency and equity markets.

March 12, 2013
Factors affecting the rise in gold prices globally

Gold price recently increased significantly, so we should know the reasons for this rise, or some of the reasons for the difficulty to take all the factors affecting the global gold prices.

Many speculators are betting on continued high gold in the coming years, so it is still gold coherent north despite a wave correction bearish short-term current where trading near of 1530 dollars an ounce and not registered for the new records during the last period after scoring gold highest peak him at 1920 dollars an ounce almost in September 2011, and since then, taking gold in circulation among the key support at 1530 dollars an ounce and resistance level of 1790 dollars per ounce traded accidental, indicating medium-term truce and there is no reason to buy gold at the moment.

High gold during the coming period will be closely linked to the size of economic and political crises that investors might lose confidence in paper money.

March 10, 2013
Gold is moving in a narrow range Is expected to break the barrier of 1700 soon

Gold moved within a narrow range and meat near 1575 dollars per ounce, due to poor investors who have converted to high-risk assets with growing confidence in the global economy. And acquired the power of the stock market on investor interest; as the Dow Jones Industrial Average hit a record high thanks to data showing accelerated growth in the U.S. services sector giant.

In contrast won an exodus of funds for enhanced index funds gold sentiment about the precious metal and cast a shadow on the present market purchases in Asia. The director of commodity trading at Standard Bank in Japan Aoichi Aekemezo: «It is already a tug of war between the ETF sales and purchase of the present market.

We have seen good demand in the market present from China and Southeast Asia, but sales ETF suppress gold prices. By the time 0647 (GMT) spot price rose 0.2 percent went to $ 1577.81 an ounce to remain within the range of 1564 to 1587 dollars which not Ibarha in the recent period. The U.S. gold futures rose 0.2 percent, also to $ 1577.20. The price of silver increased in online transactions 0.35 percent to 28.76 dollars per ounce. And platinum rose 0.4 percent to $ 1591.74 while palladium offers 0.6 percent to $ 737.72 an ounce.

March 8, 2013
Gold falls with the decline of stimulus hopes and anticipation in the U.S. jobs report

(Reuters) – Gold prices fell on Thursday after not issued hints from the European Central Bank and the Bank of England to further economic stimulus and growing optimism about the monthly jobs report in the United States in the wake of data showing a surprise decline of new orders for the jobless.

After two days of gains the precious metal fell after the European Central did not provide any clear signal to further monetary easing, while the Bank of England decided not to resume its bond purchase program.

The gold market attention shifts now to the jobs report in the United States for the month of February, which will be released on Friday. The pay signs of continued recovery in the jobs market the Federal Reserve (Fed) to stop the economic stimulus measures earlier than expected.

The price of gold dipped Spot 0.4 percent to $ 1577.35 an ounce in late trading in New York.

It also helped to undermine the status of gold as a safe investment approval by the U.S. House of Representatives on a bill to avoid possible disruption of government operations at least at the moment.

Among other precious metals silver price fell Spot 0.9 percent, to 28.81 dollars an ounce.

And platinum rose 0.4 percent to $ 1593.00 an ounce, while palladium jumped 1.5 percent to $ 755.50 an ounce.

March 8, 2013
Dubai Gold and Commodities Exchange provide Emaar with secure data center

Dubai Gold & Commodities Exchange yesterday signed a joint services agreement with Emaar of Technology, a subsidiary of Emaar Properties. Under the agreement, the stock market will provide Emaar secure data center technology infrastructure to host the Stock Exchange. The service will contribute in promoting concentration levels of security, performance, and connectivity with telecom operators in the country and reduce costs and improve disaster management to DGCX and goods.

Said Ahmed bin Sulayem, Chairman of the Board of the Stock Exchange: enjoy this partnership of great importance to Borse Dubai Gold and Commodities, in light of its willingness to increasing trading volumes with the launch of its new trading platform and expand its product portfolio. One of the most prominent aspects that the focus of the service provided by the reconstruction of the technology to avoid any breaks in trading on the Stock Exchange. And will support this partnership bourse’s efforts to continue the development of the derivatives market in the country and the region as a whole.

Secure data center

For his part, said Gary Anderson, CEO of the Stock Exchange: This partnership allows us to acquire a secure data center hosting our infrastructure and enhance the speed of transactions for our members. And services will contribute to the site involved in promoting the reliability and security of the new platform to Borse Dubai Gold and Commodities. The partnerships with leading technology providers such as reconstruction of Technology is very important in our efforts to support our members by improving their own trading strategies and thereby increase profits.

quality and reliability

Muzammil Abdul Karim said , the Director-General in the reconstruction of Technology: The accession of DGCX and goods to us as a partner of the Joint Services another confirmation on the quality and reliability of our services. Has benefited the broad range of our customers, which cover sectors of real estate management, retail and hospitality, education, finance and health care, largely from our advanced technological solutions, as sensed great value in our offer.

March 8, 2013
Gold flowing to Dubai in a sign from last year

Gold began flowing to Dubai In a sign since last year to store it in the center of the Dubai Multi Commodities Centre, as a result of the unstable security situation in the region on the one hand, and the high cost of storing gold in Swiss banks on the other hand.

This shift in storage after both the “UPS” and “Credit Suisse”, which lead market store gold in Switzerland, raised the prices of storage because of the high costs resulting from the application of standards “Basel 3” and which took effect on January(January) and will remain in place until 2019.
Bankers said that the cost of storing gold rose to double after a pat on the banks to calculate its market value by 100 per cent, while that was calculated by 50 per cent in the past on the grounds that it is unallocated assets.

Cabinets consist of gold in DMCC of five underground layers and one layer below sea level. To enter the cupboards customer must undergo strict security measures include crossing four portals at least and the descent of an unknown number of floors in the elevators.

The gold is stored in a huge cabinet along with silver alloy and cages filled with bags of jewelry and precious wardrobe of watches.

In UAE, currently traded gold material over the phone with foreign exchanges, and are buying and selling most of the gold in London via the London Stock Exchange for metals, but in recent years has increased the volume of gold material inside and out to and from Dubai, which led to a large number of companies precious metals to open offices in Dubai.

During the past year through Dubai about $ 70 billion of gold material and left the emirate worth about 53 billion dollars of gold, making it the largest export commodity, has been dealing with a value of $ 29.4 billion of gold futures contracts in DGCX in the same period, up 42per cent from 2011.

Dubai has emerged as one of the cheapest places to handle gold futures contracts where fees are margin on such contracts traded on DGCX and goods much less than many of the prospective exchanges around the world.

In order to trade one contract size 100 an ounce on the Comex Exchange in New York, for example, the trader must pay a margin or a fee of around 12,600 dollars. In Dubai, holds a 32-ounce contract worth $ 1,300 margin that is the 100-ounce contract would cost four thousand dollars.

The margin of dealing gold futures contracts on the Mumbai Stock Exchange of goods in India is about 4 percent, according to traders.

And saw the gold trade in the sub-continent blow since the beginning of the year due to the Indian government’s decision to raise tariffs on imports of gold. India raised the tax on gold from 4 per cent to 6 per cent in an attempt to reduce the record budget deficit.

Traders said in Dubai The Indian step is expected to lead to a greater transmission of trading activity from India to the UAE.

March 7, 2013
Top 5 romantic hotels in UAE

The desert charm and appeal that give them a touch of romance, so if you are considering a vacation or holiday in the United Arab Emirates, be sure to choose a luxury hotel that will cater to everything you want in a romantic hotel and leave the best of the imagination:

Banyan Tree Al Wadi – Ras Al Khaimah

Represents a resort place in a nature reserve, the top romantic desert, is located in the Bedouin villa with its own pool, with all the modern services you can expect of a five star hotel. Choose between dining in the desert, with a cook and a waiter you alone, or in shrubs Restaurants luxury resort. Do not forget the experience of the hotel’s private beach, and a little swim and diving, and love it!

Qasr Al Sarab, Abu Dhabi

Relax in your swimming pool, and looked more closely at the desert life around you, of gazelle being Reem , or Maha monitor as you’re going on a tour of the desert, or jump on the back of four-wheel drive and Go on a tour of the challenge of the dunes, or try a camel rideor a round of archery, or let all of this and pamper yourself at the health club and spa treatments refreshing. But when the sun begins to set, you have a list of restaurants offer food for body and soul together.

Al Maha Desert Resort, Dubai

The special and exclusive hand, who wants to fit a honeymoon does not forget for the rest of life, as well as those who want to renew his honeymoon. Run away from the hustle and bustle of city life, to the desert where calm and serenity. Relax in a special wing and enjoy the beauty of the desert dunes, or you can swim to reduce the air temperature, or immerse in the pool warm in the health club, Spa As for the end of the day, there is nothing better than a romantic meal while scenes from the desert in the background lanterns sparkling, which more romantic place.

One & Only Royal Mirage, Dubai

Charming hotel, where your dreams can be realized romance. You will find yards Arab and dancing fountains , and lush gardens, the site fits kings and queens. Rooms and suites are decorated rich luxury, while equipment sports and fitness on experience, and then you can limp on the many restaurants in the hotel, which will satisfy your taste and desires.

St. Regis, Saadiyat Island, Abu Dhabi

Visit this desert island, which provides all the romantic atmosphere, and gives you the pleasant memories resist oblivion, only 500 meters away from the shore of Abu Dhabi. Experience luxury accommodation and impressive landscapes. Enjoy delicious choices to eat in the best restaurants, and pamper yourself in the spa health club with some aromatherapy treatments that satisfies the soul and the body.

March 7, 2013
Recovery in gold prices and rising to more than 1584 dollars per ounce

Gold rose on Tuesday to $ 1584.25 an ounce, ending four sessions of losses, with investors expected highly of major central banks monetary easing policy, which enhances the attractiveness of the precious metal as a hedge.

Gold rose by the time of 0627 GMT about half a percent, to hit $ 1580.76 an ounce, then came back to rise to $ 1584.25 an ounce, while the price of U.S. gold futures also to 1580.30 dollars an ounce.

And rising precious metal helped the decline of the dollar, in addition to monetary easing policies, as Investors to buy the metal for fear of rising inflation.

But gold lost momentum in the past few months, with growing speculation that the U.S. Federal Reserve (central bank) may inhibit bond-buying program soon in light of signs of recovery in the world’s largest economy.

Silver tracked after the yellow metal, and the price rose in online transactions rose 0.8 percent, to a record 28.77 dollars per ounce, while platinum increased 0.8 percent to $ 1576.75, and palladium rose 0.4 percent, and a record $ 717.47 an ounce.

March 6, 2013