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Category: Gold news

  • China is the largest market for gold

    China is the largest market for gold

    China is one of the biggest consumers of gold in the world, is not only a country of great consume a lot of precious metals, but also consume a lot of energy and base metals because of the great demand, is likely to replace India as the largest consumer of gold in the world on an annual basis, this is what happens when you rise income and the demand for jewelry and investments. When you are interested in investing in gold, there are many options that can be initiated, such as bullion and gold coins and gold mining stocks and gold investment funds traded, and others.

    The total demand in China 20% to 769.8 tons last year alone, while in the precious metals consumption in India rose 7% to 933.4 tons of gold. The reports show that China is likely to be the largest gold market in the world for the first time. Country pass through economic growth, which raise the consumption of almost everything from soybeans to copper, and also boosted income in the world, “the most populous countries, and more people now have the financial means to invest in gold.”

    Gold prices have been rising for more than 11 years and the rate of investment is on the rise, as well as jewelery demand. And a look at the quarterly reports we can say that China is the largest consumer in recent months. The total demand in this period of time 190.9 tonnes, compared with India’s 173 tons of gold. Increased demand for jewelry in China in each quarter of last year, the state turned to the largest market worldwide in the second half of 2011.

    Investors looking to protect their wealth from inflation, and also, there is another reason why the demand for gold rose in the past year!? Boils down to this in the fact that the government has clamped down on real estate investment and stock markets were weak. Obviously gathered Savings is trying to attract investors, not only for profit but also to maintain its value, this is the reason for variation Gold well in eleven years.

    China managed to keep its main lending rate for three years in order to slow inflation, which fluctuates around 4%. And China also participated in some of the huge gold imports from Hong Kong which rose to a record level of 431 thousand tons last year, only 119 tons again in 2010.

    China managed to keep  main lending rate for three years in order to slow inflation, which fluctuates around 4%. And China also participated in some of  huge gold imports from Hong Kong which rose to  record level of 431 thousand tons last year only 119 tons again in 2010.

  • Gold drops 2% and heading to their first weekly loss in three weeks

    Gold drops 2% and heading to their first weekly loss in three weeks

    Gold drops 2% and heading to their first weekly loss in three weeks

    Gold prices fell on Friday unrealized loss of 2 percent to near record the first weekly loss in three weeks, with the dollar rising to its highest level in four years against the yen and the rise of the stock after strong data for the labor market boosted optimism about the recovery of the U.S. economy.

    Gold achieved this decline the lowest level in two weeks 1427.16 dollars an ounce thanks to the continuation of the trend of investors buying stocks and the U.S. dollar, along with the continuation of major hedge fund long positions qualifying for the gold metal.

    The dollar rose to highest in four years against the yen on Friday and European stocks rose and German bonds fell after U.S. jobs data came in stronger than expected and amid signs that Japanese investors are starting to buy foreign bonds.

    Sector data still appears positive work in America gives strong indications on the functioning largest economy in the world right road towards achieving high growth rates, which reduces speculation that baptizes the Federal Reserve (the U.S. central bank) to further monetary stimulus and is not what is in the interests of high gold and precious metals.

    European stocks rose to their highest level in five years, stepped stock and the benchmark Nikkei achieved the highest level in five and a half years.

    This has fallen holdings ETF backed gold to its lowest level in four years since the beginning of 2009, and moved gold prices in a narrow range this month as the market confused between the high demand today after prices fell to their lowest level in more than two years in the middle of April and the reluctance of investors who turn their money into stocks with the rise of Wall Street.

    This precious metal gold is trading at 13:04 GMT, around $ 1434.05 an ounce after recording the highest price of $ 1461.99 and a low price of $ 1427.16.

  • Gold Speculators in UAE are turning to liquidate the possession of gold

    Gold Speculators in UAE are turning to liquidate the possession of gold

    Gold Speculators in UAE are turning to liquidate the possession of gold

    Gold may be exposed for New Users selling pressure next week because of Exchange Traded Funds and institutional investors, but demand from individual investors may occur stability in prices.

    Said Gerhard Schubert, head of commodities wealth management in Emirates NBD, the last in the research report “outflows from ETFs, and which has been reported as taken place by a large and important so far this year, it may not all be like what they look like. There was a significant change in the structure of prices for gold holdings in unallocated accounts in Switzerland. According to reports that some Swiss banks have made the cost for customers who keep gold in the most expensive non-dedicated accounts of assigned accounts. The reason for this may be that banks will have capital requirements much higher because of the gold in the non-dedicated accounts, where they are elements within the list of the ban on the balance sheet. ”

    Then he added, “that in spite of some conflicting data, the apparent trend seems he tends to a strong recovery in the United States. This will not be positive to the expectations of gold, unless there is clear and inflationary trends, and may be away from this scenario for years. He said that the current price levels reassuring, but it seems that our customers are looking to liquidation, at least for some of their holdings. ”

    On Friday, it was trading lock for the week at $ 1,464.20 an ounce of gold.

    Said Pradeep Unni, senior manager at Richcomm Global relations that “preparing gold imports from India, the largest consumer in the world, after the fall under the central bank purchases from abroad, to reduce domestic demand and reduce the current account deficit.”

    The Reserve Bank of India in his annual cash that banks will be allowed to import gold bullion in shipments only so that only meet the real needs of the exporters of gold jewelry.

  • Advantages of Online Gold Trading | Gold Trading

    Advantages of Online Gold Trading | Gold Trading

    Advantages of Online Gold Trading | e-commerce

    Business these days, and also other people use the Internet extensively to do business, it is easy to do business transactions can also do it from home when you use the Internet. Another advantage you will not take Otelmus of the money in order to do business online. Therefore, the online gold trading of the easiest ways for electronic trading if you want to get a quick profit, plus you will be able to do business without use PHYSICAL money and will be able to do your job from home.

    There are also many advantages in the gold trade through the Internet and one of the main advantages is the stability of the price of gold, unlike the prevalence of gold prices, which fluctuate from time to time. Therefore, it is best to have financial security when trading gold rather than other commodities such as “FX”.

    Another advantage is that gold prices will not fall never down, In the case of landing will rise again in a short time difference better than dropped in the past, and this is the main reason for the rise in gold prices during the past few decades, and therefore, when trading gold via Internet chance of loss may be few. However, you should focus on your own gold transactions, given that the main reason there is not enough gold to meet global demand, and the income of people keep on increasing the price of gold, as he lies to rise only.

    Online trading in gold can be a 24-hour of the day, too, if you carry your computer and login to the Internet through it, you can play with your work from anywhere. This is a great feature where you can in gold prices fluctuate every hour.

    When you consider all these advantages it is a good idea to engage in online gold trading. If you kept yourself to know the affairs of the world you can achieve a successful business.
    Internet will provide you with the information crisis of the factors that could affect the price of gold. And your broker will give you the tools that allows you expect price fluctuations.

  • Again .. Conspiracy to destroy the gold market!!!

    Again .. Conspiracy to destroy the gold market!!!

    Varied views on the cause of the sharp decline in the gold market over the past week, said Bill Downey site owner Gold-Trends and student markets for gold and silver, it’s interesting to decrease the price of gold, it might not be directly linked to the bank the Federal Reserve despite the fact that there are some For its part, collusion, but he was basically linked to the decline in the actual stock of gold in the stores “Comex” and “JP Morgan” and possibly others to the level of possible harm holders of short-term trades.

    Downey says that the controllers of the market needed to create the plan, which would lead to the collapse market .. Vtkon are the beginning of the early leaks and misinformation with considerations for the possibility to change the policy of the reserves level.

    The story behind the collapse of the markets that Cyprus is planning to sell her gold reserves and which was possible to be just misinformed when he said central bankers of Cyprus that this matter was not discussed at all, and was the final blow to the market selling huge in the futures market, where he spoke report on sale singles for 400 tons, and thus have succeeded in the heart of the market conditions and then finally closed the actual system and prevent buy gold and at the same time, the actual forcing traders to sell futures contracts to cover themselves.

    And this is exactly what happened from the complete closure of the computer on Friday afternoon and prevented the actual exchange of gold.

    One would think that the closure of computers at a critical time was probably a coincidence, but the same thing happened in the last time it was lower the price of gold which in December 2011, but that this issue was suspicious, as the proportion of low gold price recently parallel with the proportion of decrease the price of gold for the year 2011 and this convergence in ratios that can not be ignored.

    There may be some comfort to those who kept their holdings of gold or they are buying from the DIP as after the collapse in Desimbr 2011 gold rose $ 270 during the next two months due to lack of minerals.

    It seems that this time the size of the purchase when the price is low tremendous and this is likely to exacerbate “any shortfall” in precious metals and so on, may not be absurd to expect a greater degree of rebound this time.
    It is believed Downey that there are two things that can lead to lower gold price, the first event building on manipulation such as we have seen, and the second a lack of liquidity as we saw in 2008, where the urgent need for cash, which was forced to liquidate all assets .. asked Downey about the possibility of occurrence of this again and the answer is yes, but this time on a global scale will be much stronger than the Lehman crisis in 2008.

    This is only a brief summary of the thesis Downey and despite the fact that this is just a theory, but fit well with what happened.

    Other analysts, such as Doug Casey, for example, does not support the theory of public manipulation, but it is believed that the full range of events that occurred during the past two weeks, he could have the same effect

  • Gold regains Rs 84 price in the futures trading

    Gold regains Rs 84 price in the futures trading

    Gold regains Rs 84 price in the futures trading

    New Delhi: Gold prices rebounded after yesterday’s losses, and increased the price of gold in futures trading by 84 rupees on Saturday, where speculators expanded their domain on the back of renewed actual purchasing operations in the spot market.

    And rose gold for June delivery on Multi Commodity Exchange (MCX), by 84 to Rs 26 909 per ten grams.

    In New York, has been trading in gold futures contract for the month of June, down $ 3.40, or 0.20%, to settle at 1,464.20 an ounce on the Comex division on the New York Mercantile Exchange in New York. Said the latest official figures released on Friday, the low rate of unemployment in America to the lowest level in four years by 7.5%, as the economy added 165,000 jobs in April.

    The resulting decline in interest rates by the European Central Bank and the U.S. Federal Reserve’s decision to hold on to the program to increase effective demand side, to support the gold where it was last week, closing up 0.7%.

    European Central Bank cut its benchmark interest rate by 25 points to a low level by 0.50% on Thursday, after the decline of inflation more than the expected target of the bank, and weak economic studies increased doubts about a recovery. Gold prices have dropped to about 1,321 on April 16, the lowest level since 3 contract, through the sale of capacitor which surprised investors gold.

  • Gold may come under selling pressure

    Gold may come under selling pressure

    Gold may come under selling pressure

    Abu Dhabi: Gold may come under fresh selling pressure in the week ahead on continued off-loading by Exchange Traded Funds (ETFs) and institutional investors, but, demand from retail investors could put a floor on the prices, experts say.

    “The ETF outflows, which are reportedly large and significant so far this year, may not be all what they seem to be. There has been a major change in the pricing structure for gold holdings in unallocated accounts in Switzerland. It has been reported that some Swiss banks have made it more expensive for their customers to hold metal in unallocated accounts than in allocated accounts. The reason for that might be that the banks will have a much higher capital requirement for gold held in unallocated accounts, as they are an on-balance sheet item for the bank,” said Gerhard Schubert, Head of Commodities Wealth Management at Emirates NBD in his latest research note.

    He said despite some conflicting data, the trend seems to be of a growing and stronger recovery in the US.

    “This will not be positive for the outlook for gold, unless there are inflationary tendencies visible, and we might be years away from that scenario. The current price levels are comfortable, but it seems that our customers are looking to liquidate, at least some of their holdings,” he added.

    On Friday, gold prices ended the week trading at $1,464.20 a troy ounce.

    Pradeep Unni, Senior Relationship Manager at Dubai-based Richcomm Global Services DMCC said “gold imports by India, the world’s largest consumer, are poised to fall after the central bank restricted overseas purchases by banks to reduce domestic demand and curb a record current-account deficit.”

    Banks will be allowed to import bullion on a consignment basis to meet only genuine needs of exporters of gold jewellery, the Reserve Bank of India said in its annual monetary statement.

  • Decline in interest rates encourage investors to buy assets such as precious metal

    Decline in interest rates encourage investors to buy assets such as precious metal

    Decline in interest rates encourage investors to buy assets such as precious metal

    Gold prices rose on Thursday after the European Central Bank decided to cut its key interest rate by 25 basis points, hitting a record low at 0.50 percent.

    Usually pour low interest rates in the interest of gold, as it encourages investors to buy assets that are not tied to interest rates, such as the precious metal.

    Gold rose to the highest level during the session at $ 1461.65 per ounce after the rate decision and a record $ 1458.71 an ounce by the time of 1211 GMT, up 0.1 percent.

    Gold fell one percent in the previous session – the biggest daily loss since the historic decline in the mid / April – to $ 1439.74 at the lowest price since April 25.

    And U.S. futures rose gold for delivery in June 0.8 percent to $ 1457.20 an ounce.

    Among other precious metals silver price rose 1.1 percent to $ 23.83 an ounce.

    Platinum rose 0.7 percent to $ 1480.76, while palladium fell 0.2 percent to $ 684.22 an ounce, after reaching its highest level in two weeks at $ 700.72 on Tuesday.

  • Yellow Gold vs White Gold – Which is better?

    Yellow Gold vs White Gold – Which is better?

    Yellow Gold vs White Gold - Which is better?

    White gold and yellow gold on the basis of the same precious metal which is “Aurum”, the only difference between the two types is the type of alloy used.

    The actual value of each depends on the purity of gold or what we call Carat,  is alone the purity of gold. So pure gold is 24 carats.

    So 100% gold very soft metal used for making ornaments and is usually mixed with other metals such as copper, nickel, silver to make it solid and loader to be suitable for jewelry purposes.

    Each carat contains 1/24 of the total value, which is the amount of metals mixed on the amount of gold that set Carat him. For example, if a piece of gold made from 18 pieces of gold and 6 pieces of copper are identified as 18-karat gold.

    The monetary value
    Gold also be blended with other metals not only for durability but also to create a variety of distinctive colors such as white, green grain.

    White gold is basically yellow gold mixed with some of the metals, such as silver, palladium, nickel and zinc to give the appearance of distinctive white. On the other hand So usually yellow gold is mixed with nickel, copper, unlike white gold needs to be rhodium-plated, rodiom adds more durability and makes it seem  whiter and brighter.

    Without rhodium plating will quickly turn to the color yellow and looks grim, usually rhodium plating on the ring worn on a daily basis will continue for a period of not less than two years, so once it starts demise of the rhodium plating of the white gold ring you will need to go to a jeweler for re-painted, it may be white gold more expensive yellow gold due to add extra fees for rhodium plating, Increased demand for a certain type of white gold and designs mainstream fashion may also affect the price, however, the value of gold himself to remain as it is for all, if you buy or sell ornaments broken Their value depends only on the carat gold.

    Aesthetic value
    Determining the aesthetic value of white gold or yellow gold is a personal choice, and may also depend on the culture and the fashion trend current, and it was yellow gold undisputed forces for decades, but in recent times many people prefer white gold to yellow or Rose Gold, also increasingly popular titanium and platinum, aluminum, and silver, this trend in the jewelry industry has led many consumers to prefer ornaments white on the other colors, but in the fact that the value of gold remains high, regardless of the current economy, investment gold instead of other precious metals has become one of the many reasons why people prefer to buy it.

    Now you should be able to tell the difference between yellow gold and white gold.

  • Gold is at its worst since 2011 after shrinking the role of investors

    Gold is at its worst since 2011 after shrinking the role of investors

    Gold is at its worst since 2011 after shrinking the role of investors

    Gold heads the largest monthly loss since December 2011, and shrank the number of products traded for the most ever.

    Gold fell for immediate delivery as much as 0.5 percent to $ 1,469.05 an ounce, and traded at $ 1,470.63 11:54 am.

    In Singapore. Has been set for gold 8 slices percent in April after falling in the market. Prices fell 14 percent in two days to April 15. The most since 1983. Gold rose for the month of June 0.2 percent to $ 1,469.80 an ounce on the Comex in New York

    . The trading record low rate 168.22 metric tons in April, heading for the biggest monthly decline, according to data compiled by Bloomberg, while prices rose 11 percent from two-year low of $ 1,321.95 on April 16 also expands the scope of the demand for the currency and jewelry.

    Continue to holders of gold exchange-traded funds to liquidate holdings, said James Steel, analyst at HSBC Securities “… in all parts of the world will limit the trading volume and the actual demand for precious metals”

    Gold jumped 4.2 percent last week, the most in 15 months, due to the mintage in the United States, and Australia to the United Kingdom rose after prices fall.
    Increased access to the main contract in the Shanghai Gold Exchange to a record high last week, while insurance premiums jumped supplies in India to five times higher than the level before the downturn. India and China is the largest consumer in the world.

    Silver fell 1.1 percent to $ 24.2995 an ounce, 15 percent less than this month, the worst loss since December 2011. Platinum fell 0.5 percent to $ 1,502.80 an ounce

    . And palladium rose 0.3 percent to $ 701.90 an ounce, down 9.1 percent this month, its worst performance since May.