Category: Gold news

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

(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

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

(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 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

(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

Gold prices fell on Tuesday as the market saw a quieter after a breathtaking rise over three days reached out to 1332 dollars per ounce and after the stability of the dollar .

But the precious metal is still hovering around its highest level in three and a half months in light of the continued concerns over global economic growth .

Gold rose 2.9 percent in three consecutive sessions after weak economic data from the United States has raised doubts about the pace of reduction of monetary stimulus the U.S. .

The market is waiting for more signals from the Federal Reserve ( the U.S. central bank ) on Wednesday, while Bank publishes the minutes of its last meeting .

Gold fell 0.4 percent to 1322.66 dollars an ounce by the time 1919 GMT, after touching its highest level since 31 October at 1332.10 dollars.

And rose gold futures settled at U.S. $ 5.80 to U.S. $ 1324.40 an ounce .

Silver fell 1.0 percent to 21.86 dollars an ounce after rising to their highest level since early November at 21.96 dollars in the previous session .

Platinum fell 0.3 percent to 1420 dollars per ounce and palladium fell 0.8 percent to 732.60 dollars an ounce

Gold prices rose strongly during last week elapsed to close at $ 1318 /OZ up to the highest level in three months.

And achieved gold gains, which amounted to a strong increase of 4.1% over the past week, amid strong trading returned to the yellow metal luster, after a period of decline witnessed during the past few months.

The Director of Sales Middle East in the company «Active Trides» British, George Alaptrona said that «These rises come in light of a number of economic and technical factors, led to the accelerated pace of rising gold last week».

The most important factor during the past week was directed managed funds electronically, or what is known as (ETFs), to increase the size of its assets from gold, which gave the market a positive signal for the return of procurement processes to metals markets , He add

The largest portfolios managed electronically and gold-backed «SPDR», has seen a rise in the assets of gold last Thursday, to reach 25.925 million ounces, an increase of 0.9% from Wednesday, which gave a clear positive signal for the gold markets.

Other factors that have influenced the price of gold last week, the storm weather experienced by the United States, with concerns that affect the performance of the U.S. economy, to push the market to go to the safe haven of traditional goal of gold; addition, the weakness of the U.S. dollar, which was in turn, cause elevations in gold, what is known of the inverse relationship between gold and the dollar

The dollar was witnessed strong declines during the week elapsed against a basket of major foreign currencies , the dollar index to fall by 0.8 % during the week, to close at 80.15 , the lowest level since the beginning of this year .

Go for gold as a safe haven traditional actually began some time ago with the development of the crisis in emerging countries , but come the storm weather in the United States to add more concerns about the U.S. economy and could cause its repercussions on the global economy , to find investors gold means safer to maintain their wealth » . He pointed to the existence of technical factors played an important role in the rise of gold over the past period , pointing out that « the chart for gold prices form a model technically known as a head and shoulders bottom , which is a form of art reflective comes at the end of a downward trend , and this has made the break below 1267 dollars per ounce as a confirmation of this model, after seeing a gold rush with a strong focus heights acquisitions who rely on technical analysis in their trading » .

Exceeded the price of gold Thursday barrier $ 1,300 an ounce , which is considered the most during Thelal months and the first since the beginning of this year amid weak data on retail sales and U.S. pressure on the dollar , which pushed to increase the demand for the precious metal again as a tool to hedge against inflation and currency fluctuations .

The dollar index – which measures the value of the U.S. currency against a basket of six major currencies – 0.5 percent after U.S. retail sales posted an unexpected drop in January, and the number of new applications for unemployment benefits last week in the latest signs of slowing economic growth .

Raised U.S. economic data recently – including the two-month consecutive growth weak jobs – raised questions about the ability of the largest economy in the world to continue to grow and have made some investors are hoping to take on the Federal Reserve (Fed ) approach is slower in reducing its purchases of bonds.

Said Adam Sarhan , CEO of Sarhan Capital, based in New York, ” the basic idea that central banks are slowing the availability of quantitative enhance the attractiveness of gold as a hedge against inflation and currency alternative . ”

He added: ” Gold may begin a new upward trend . ”

The price of gold rose for immediate sale to 1302.40 dollars an ounce , its highest level since the eighth of November.

And U.S. futures rose gold for April delivery to a record of $ 7.30 in late afternoon trading to $ 1302.30

Among other precious metals followed the example of gold and silver rallied 1.1 percent to 20.48 dollars an ounce .

Platinum rose 0.8 percent to 1412.00 dollars an ounce, while palladium rose 0.7 Palmihala 729.00 dollars per ounce