Category: Gold news

Gold fell from its highest level in nearly three months on Tuesday after renewed Janet Yellen new president of the Federal Reserve ‘s commitment to the U.S. central bank to ease its policy of gradual monetary stimulus that support markets .

In excerpts of the testimony will be making them later in front of the Financial Services Committee, U.S. House of Representatives said it softens strongly supports the current strategy of monetary policy , suggesting that the central bank will proceed with a gradual reduction of its purchases of assets .

The data series disappointing U.S. has sparked speculation that the Fed may be reluctant to further reduction of monetary stimulus , which gave strong support to gold to keep interest rates at historic low levels while fueling inflation fears .

That helped gold climb earlier on Tuesday to 1288.20 dollars per ounce , its highest level since mid-November .

The decline in the price of the yellow metal for immediate sale to 1279.60 dollars an ounce by 1430 GMT , but remains up 0.4 percent from the previous closing level .

The futures rose U.S. gold for February delivery $ 5.20 to 1279.90 dollars an ounce after it was jumped earlier to U.S. $ 1288.30 .

Gold prices rallied 6.5 percent since the beginning of the year after it was plunged about 28 percent in 2013 with the hit stock markets of some mixed economic data in the United States and unrest in emerging markets .

The decline in the price of silver in online transactions 0.3 percent to $ 20 per ounce of gold Havea footsteps . Platinum rose 0.1 percent to 1382.25 dollars an ounce , while palladium rose 0.4 percent to 717.47 dollars an ounce

German central bank announced that it will bring its gold reserves held by one of the cabinets in New York and trucking it in the form of small amounts until 2020, due to security considerations .

The German news agency DPA that there is a state of discontent in Germany because of the central bank retain about 45 % of Germany’s gold reserves , which total 3391 tons in the vaults of the U.S. Federal Reserve Bank in New York .

Add the main reason for the existence of this reserve in New York to Germany ( West at the time) through their trade surpluses in the fifties and sixties did not never emerge from the United States because West Germany ( at that time ) they want to ensure that the loss of this wealth if it is exposed to invasion the Soviet Union.

The bank said it has already brought five tons of gold from the New York last year, along with re-32 million tons of Paris and that the program performs well.

The Bundesbank’s comments in response to a report published by the German newspaper Handelsblatt saying that there are strange delays in implementing the program re-gold reserves to Germany.

Gold rose 1.6 percent on Monday after a report about the worse -than-expected U.S. manufacturing sector impact on the dollar and global equities , while encouraged ongoing concerns about emerging markets, some investors to flee to safe havens .

The Institute for Supply Management said its index of U.S. factory activity fell to 51.3 points in January , the lowest level since May May 2013 from 56.5 points in the final reading for the previous month .

Jumped Spot gold to the highest level in the session to $ 1264.60 an ounce and at 1527 GMT were trading up 1.5 percent at 1262.17 dollars an ounce .

Gold fell two percent last week in his first loss since the week ending on 20 December.

And rose gold futures for February delivery American 1.8 percent to 1262.20 dollars an ounce .

Silver rose two percent to 19.48 dollars an ounce .

Platinum rose one percent to 1387.75 dollars an ounce and palladium 0.2 percent to hit 702.60 dollars

After rises achieved by gold since the beginning of the new year of 2014, but last week was a turning point for the yellow metal precious, as the data issued by the United States were strongly in favor of the U.S. currency, especially reducing the monetary program by the Fed and the form of anxiety and fear in the demand for gold, which led to weak demand from China as well.

It also reached gold to levels 1239.40 dollars an ounce, and despite closing at 1244.20 dollars, but that all the experts expect a decline in gold in the week near this if dropped contracts and break support at 1237 dollars to continue to $ 1,220, and in the case of high could reach the levels of 1285 dollars. that’s where this regard to the data that will be exported from the United States and is likely to be in favor of the dollar.

Gold fell nearly two percent on Thursday, with the rise in the dollar after the decision of the Federal Reserve ( the U.S. central bank ) to reduce monetary stimulus measures again while many investors to sell for a profit after gains of the previous session.

By the time 1929 GMT, fell spot price of gold 1.8 percent to 1244.60 dollars per ounce , while gold fell U.S. for February delivery $ 20 to U.S. $ 1242.20 an ounce .

Platinum fell Spot 2.0 percent to 1379.49 dollars an ounce did not benefit from the news reject union workers in South Africa offer from Anglo American Platinum for wage increases of nine percent , which means the continuation of the strike impact on about 40 percent of the global supply of the metal .

Silver fell 2.7 percent to $ 19.20 an ounce , while palladium fell 0.9 percent to 705.75 dollars an ounce

Gold stabilized on Tuesday after falling in the previous session , while investors worried that offers Federal Reserve ( the U.S. central bank ) to reduce new stimulus measures this week .

The improving economy encouraged the Fed to announce last month cut its purchases of bonds ten billion dollars and is expected widely that a similar reduction during the meeting starts on Tuesday and lasts two days.

And obtain a reduced stimulation of the lure of gold as a hedge against inflation and hurt prices, but any new weakness in the stock may enhance the precious metal .

By 0733 GMT, settled spot price of gold was little changed at 1257.04 dollars per ounce . Gold was closed down one percent on Monday after a sharp decline from the highest level in two months, to $ 1278.01 .

Silver rose 0.2 percent to 19.72 dollars an ounce .

Platinum rose 0.5 percent to U.S. $ 1414.25 and palladium 0.1 percent to 720.5 dollars per ounce

Gold rose to its highest level in two months on Friday, its fifth weekly increase in a row with the decline in the dollar and the exit of investors from around the world in emerging market assets , which weakened the appeal of the precious metal as a safe haven .

The price of spot gold 56 cents to 1264.51 dollars an ounce by 1929 GMT time . But yesterday ‘s gold earlier in the session to $ 1272.70 its highest level since mid-November .

Gold futures rose and U.S. futures for the month of February to 1264.30 dollars an ounce .

Silver fell 1.0 percent to 19.97 dollars an ounce , while palladium fell 1.5 percent to 731.00 dollars and platinum fell 1.9 percent to 1423.99 dollars

Gold fell to its lowest level in about two weeks during Asian trading on Thursday as investors awaited U.S. data for guidance on the strength of the largest economy in the world , while platinum fell from its highest level in two and a half before the planned strikes in the mines of South Africa.

The price of spot gold 0.4 percent, to 1235.20 dollars an ounce by 0255 GMT, time after scoring earlier to $ 1232.19 , its lowest level since the tenth of January.

Platinum fell from the highest level in two and a half struck on Monday with expectations that stops half the world’s production of platinum on Thursday with a pledge labor unions in South Africa to go ahead with strikes to press for wage increase

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.