Category: Gold news

Gold prices fell on Tuesday for the fourth consecutive day amid rising U.S. currency dollar and the rise of global equities in Asia , led by the Japanese market, This comes against the backdrop of declining demand investors to buy safe havens in light of strong data recently released from the global economy , as well as receding concerns about a strike imminent military in Syria.

Gold had ended the sessions on Monday , down 0.2 percent to its lowest level in a week of $ 1373.77 an ounce.

Enhanced data released yesterday by the manufacturing sector in Europe , Britain and China’s confidence in the recovery of the global economy , which leads to the decline of the role of precious metals , led by gold as a safe haven for investors.

Gold fell at 07:46 GMT , GMT to $ 1389.68 per ounce after the opening of trading today at $ 1391.45 , and recorded the highest at $ 1395.02 and the lowest at $ 1388.99 .

Increased the uncertainty surrounding the military strike was imminent from the West against the forces of Bashar al-Assad in Syria, after the rejection of the British Parliament to participate in any military intervention in Syria, President Barack Obama said he would seek permission from Congress for military action punitive to Syria, is likely to be postponed so any attack at least nine days because the holiday summer Aalhalah of Congress ends on the ninth of September.

Ascended the dollar index , which tracks the performance of the U.S. currency to its highest level in nearly five weeks 82.46 points, thanks to investors to buy the dollar against all major currencies amid expectations that refer to the Fed at its next meeting on September 17-18 to reduce his current monetary stimulus to $ 75 billion a month from $ 85 billion per month.

And stocks rallied in Asia , led by the Japanese market , the Nikkei index rose 405.52 points to 13978.44 points , a level not informing him since 15 August and comes after an increase of 1.4 percent on Monday , offering broader Topix index 2.8 percent to 1149.18 points .

Awaits the U.S. economy important data on the course of this week will contribute to a clearer picture of plans Federal future program monetary stimulus , where the report is issued special functions Monthly on Wednesday , and issue a jobs report Non-Farm Payrolls and unemployment rates on Friday, improved this data will increase expectations , which indicates a possible downgrade for catalytic America program during the next meeting of the U.S. federal middle of this month .

Decline in gold on Friday for the second day in a row thanks to low demand for the metal as a safe haven amid indicators confirm the recovery of the global economy after strong data in the United States and Japan , in addition to uncertainty over possible military action against Syria, after the voice of the British Parliament against intervention military .

Gold had sessions ended Thursday down 0.8 percent to continue to decline from the highest level in three months 1433.48 dollars an ounce recorded on Wednesday .

The data showed the U.S. expansion of the growth of the U.S. economy with the second quarter of this year after the amendment ‘s positive second reading of GDP to record growth by 2.5 percent from growth of 1.7 percent reading aid, fell jobless claims for the week ending on 24 August by six thousand request .

This was followed by data released today in Tokyo to confirm that the recovered third-largest economy in the world is going the road properly, the data showed that Japan’s unemployment rate fell in July to its lowest level since October 2008, and employment opportunities recorded the highest level in more than five years, and Japan ‘s industrial production increased faster on a monthly basis since June 2011 , and increased by 3.2 percent during the month of July , after falling by 3.1 in June .

The index rose core consumer prices in Japan rose 0.7 percent in July compared with a year ago , continuing climb for the second consecutive month and to its highest level in nearly five years , and was the index recorded an increase of 0.4 percent in June , and these increases are a positive sign to the efforts of the Bank of Japan Central to eliminate deflation .

Gold fell at 07:47 GMT , GMT to $ 1395.71 per ounce after the opening of trading today at $ 1407.60 , and recorded the highest at $ 1411.06 and the lowest at $ 1394.53 .

Skip metal this decline barrier support $ 1,400 an ounce, while heading the metal to achieve the second consecutive monthly gain with the end of trading the month of August .

I said relatively investor concerns with the decline of the West profiteers military strike in Syria after the British Parliamentary refusal to approve a request from the Prime Minister David Cameron’s military intervention against the forces of Bashar al – Assad .

And reflects the refusal of the British Parliament for the proposal sharp divisions over the use of military force to punish President Bashar al-Assad on what Western governments believe he used chemical weapons against civilians.

Gold price continued the decline on Thursday in correction and profit taking after the arrival of prices to the highest level in three months recorded a session yesterday , and rose gold from its decline after U.S. data showed accelerated growth of the largest economy in the world with low weekly jobless claims , and concerns about reduction of the U.S. stimulus program increases the expectations of gold continued to fall to the next period .

Gold fell at 13:50 GMT , GMT to $ 1408.25 an ounce after the opening of trading today at $ 1417.86 , and recorded the highest at $ 1418.11 and the lowest at $ 1404.09 .

The U.S. economy grew faster than expected in the second quarter of the year , thanks to increased exports , which enhances the chances for the establishment of the Federal Reserve Board ( Fed ) to reduce a large program of economic stimulus .

According to revised estimates released by the U.S. Department of Commerce on Thursday that gross domestic product grew 2.5 percent on an annual basis , and increases the rate of growth in the second quarter , twice the pace of the previous three months .

The initial government estimate that the economy grew 1.7 percent in the second quarter, but recent data show that trade exports increased their fastest pace in more than two years, economists predicted 2.2 percent economic growth .

The U.S. Labor Department said on Thursday that new applications for the subsidy declined by six thousand a request for up to rate level in the light of seasonal factors of 331 thousand, and amended the ministry number of requests for the previous week , an increase of A request for the initial estimate to 337 thousand from 335 thousand , while projections indicated by 331 thousand applications .

Gold fell 16 percent this year amid expectations the establishment of the Federal Reserve ( Fed ) cut its monetary stimulus based on improved economic indicators .

Gold recorded its highest level in 11 weeks on Tuesday, supported by purchases for the purpose of hedging the risk of political tensions as approaching military action has waged by the West on Syria.

And the precious metal also received strong support from hopes of prolonging the U.S. monetary stimulus.

The United States has suggested the possibility on Monday to take military action against Syria after an attack with chemical weapons on the outskirts of Damascus, Washington said she believed that President Bashar al-Assad is responsible for.

Gold rose in the spot market to its highest level since the seventh of June at $ 1412.30 an ounce by 0950 GMT was trading at $ 1411.50, up 0.5 percent.

U.S. contracts rose delivery December 18.50 to $ 1411.60 an ounce.

The dollar fell against the currencies, which is a safe haven, but generally remained stable while European stocks fell amid concern about the prospects of military intervention in Syria, which prompted investors to sell for a profit of strong gains in the recent period.

The spot price settled for silver little changed at $ 24.26 an ounce after touching its highest level in 16 weeks at $ 24.40 in the previous session.

Platinum rose 0.3 percent to $ 1544.99 an ounce. The metal had risen to its highest level since the ninth of April, when a record $ 1552.50 in earlier trading by stumbled supplies in South Africa.

And palladium settled at $ 744.39 an ounce

Gold prices today in Asian trading on Monday at its highest level in two and a half recorded in the same session, which was recorded on the back of investors to buy gold with receding concerns about the U.S. Federal Reserve cut its program to stimulate critical in light of the statement of home sales, which raised doubts in the recovery of the U.S. economy .

Gold had ended Friday’s session on the rise by 1.5 percent, after rising by 0.7 percent on Thursday, ending last week’s trading on a rise of 1.6 percent in the third week of gains.

The U.S. Commerce Department said on Friday that sales homes fell 13.4 percent to an annual rate of 394 thousand units, and the government amended downwardly also appreciation for home sales in June, to 455 thousand units from 497 thousand units, while indicated expectations of analysts to 487 thousand units.

This statement led to more uncertainty in the recovery of the U.S. economy which helps to receding concerns about the U.S. Federal Reserve cut its program of monetary stimulus in the near future.

Gold rose 18 percent from the lowest level in nearly three years 1,180.50 dollars an ounce recorded in June last year thanks to rising demand in the market present, especially in India and China, and after connecting Bernanke, Chairman of the U.S. Federal plans to reduce stimulus program improved the economy in general and improve the employment sector in particular He unless shown by data from the U.S. over the past period.

The precious metal gold is trading at 07:49 GMT, GMT to $ 1394.68 an ounce after the opening of trading today at $ 1398.33, and recorded the highest at $ 1406.76 and the lowest at $ 1390.82.

Gold record with the opening of transactions this week, the highest level since June 10 last June 1406.76 dollars an ounce, while trying to overcome the psychological barrier of $ 1400 to achieve greater heights.

The gold holdings to fund SPDR Gold Trust the largest ETF backed by gold in the world without jumped on Friday rose 0.7 percent to 920.13 metric tons, the highest percentage rise in nearly a year, to continue the data to show the flow of money to the fund during the last two weeks, while still total volume of gold at the lowest level in four years.

Gold prices jumped on Friday, about 2 percent registered their highest level in more than two months near $ 1,400 an ounce after new sharp fall in sales of new homes in the United States raised hopes that the U.S. central bank keeps its bond purchases to stimulate the economy.

The precious metal finishing week, an increase of 1.6 percent in the third consecutive week of gains. Gold rose in six of the past seven weeks since it aired in the twenty-eighth of June to 1180 dollars per ounce, the lowest level in three years.

The price of gold for immediate sale in late trading on the New York market 1396.49 dollars an ounce after it had jumped earlier in the session to $ 1398.20, its highest level since the seventh of June.

And U.S. futures rose gold for delivery in December to a record $ 25 settled at $ 1395.80 an ounce.

Silver showed better performance than gold about 4 percent to the highest level in three and a half months with the downturn of both the dollar and U.S. Treasury yields.

And silver rose above $ 24 an ounce for the first time since the ninth of May. Recorded during trading $ 24.08 before slipping back to $ 23.96 in late trading in New York.

Among other precious metals platinum fell 0.25 percent to $ 1534.49 an ounce, while palladium fell 0.8 percent to $ 746.47 an ounce

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Gold Prices stabilized on Friday gold within a narrow range of trading reflects investors’ confusion between concerns about the U.S. Federal Reserve cut its bond purchase program and the wave of optimism about the actual increase in demand in the present market.

Gold was ended Thursday’s session on the rise by 0.7 percent against the backdrop of a statement jobless weekly in the United States, which recorded a decline from the lowest level since 2007, recorded a rise by 13 thousand requested level of 336 000, worse than the previous reading of 323 000 adjusted from 320 thousand, worse than expectations that referred to 329 thousand.

Raised unemployment Statement doubts relatively towards the recovery of the U.S. economy, which increases the chances of the U.S. Federal continuity with the same bond-buying program by $ 85 billion per month.

The precious metal gold is trading at 07:44 GMT, GMT to $ 1374.68 an ounce after the opening of trading today at $ 1376.11, and recorded the highest at $ 1379.22 and the lowest at $ 1361.67.

Said Richard Fisher, head of the mandate of the Federal Bank of Dallas and a member of the Open Policy Committee Cash American Balfdraly “that the U.S. economy is on the right track with the continuation of the improved performance of the labor sector, a trend that has to be evaluated against the cost of continuing with the same monetary stimulus program.”

Gold fell 18 percent this year after he lost the metal its role as a safe haven for investors to hedge against inflation, and I said holdings of hedge funds, the major gold, amid expectations by the U.S. Federal Reserve cut its program to stimulate the cash at a time improved the data released by the U.S. economy.

In China, showed data released by the Shanghai Gold Exchange said gold purity of 99.99 percent jumped to 14 872 kg, the highest level since August 2 last August.

In Indonesia, the largest gold consumer in Southeast Asia may Ikfzaltalb on gold to four-year highs after scoring 40 metric tons for this year.

The gold holdings to fund SPDR Gold Trust the largest ETF backed by gold in the world unchanged on Thursday to remain at the level of 913.52 metric tons, bringing the size of the drop holdings throughout this year, 32 percent, and still the size of gold total at the lowest level in four years