Category: Gold news

There has been a Gold prices little changed on Monday, after the payment of a global stock rally and easing of tension appeared in the Ukraine and the Middle East investors to profit from the gold above $ 1,300 an ounce.

The stock markets shrugged off the news to a large extent that Russia will send an aid convoy to the east of Ukraine in a move that Western officials said it may “be an excuse for a Russian invasion.” Shares of American continue to climb after the short-term correction ended on Friday.

The decline in the price of gold in online transactions 44 cents to 1308.90 dollars per ounce. The metal hit its highest level in three weeks on Friday, when it reached 1322.60 dollars. The price of gold fell in futures contracts American delivery December (December) 50 cents to settle at 1310.50 dollars an ounce.

Traders said “a new truce in the Gaza Strip, a 72-hour between Israel and the Palestinians also contributed to the popularity of selling it for a profit.” But gold remained limited losses after the planes and warships continued American bombing Islamist fighters (Daash) t in Iraq.

The spot price rose for silver, recording 0.7 per cent to $ 20.05 an ounce. Platinum was down 0.5 per cent to 1464.56 dollars, while palladium rose 1.7 per cent to 873 dollars an ounce.

Gold prices rose to reach its highest level in two weeks with the support of declining stock performance, which led to boost demand for the precious metal.

According to Bloomberg that the S & P 500 has fallen about 0.6% to be achieved thereby reducing the gains in the early sessions, and in light of mounting concerns exacerbated tensions between Russia and Ukraine, to the extent that leads to harm the chances of recovery of the global economy. This comes while Jason Furman said chairman of the White House economic advisers, said that additional sanctions will be imposed in the absence of a change in its approach to Russia to Ukraine.

Said Tom Bauer, an expert market strategies with company NRG or Vetcherz in Chicago, said that the poor performance of the stock due to uncertainty in Ukraine pushes gold to continue to climb to the top.

The prices of gold futures for December delivery rose 0.4 percent to 1,313.20 dollars an ounce in mid-session at the Comex in New York Stock Exchange. The total price level in the early sessions of $ 1,315.50, which is the highest level recorded since 22 July

LONDON (Reuters) – Gold rose 1.6 percent on Wednesday to continue the modest gains recorded in early dealings with the continued pressure on global equities because of fears of escalating conflict in Ukraine, which has increased demand for assets that are considered a safe haven.

Russia mobilized about 20 thousand troops on the eastern border of Ukraine and NATO said in a statement on Wednesday that it may invoke mount a humanitarian mission or peacekeepers to be sent to Ukraine.

The price of gold jumped in online transactions, including reached 1.6 percent, its highest level during the week of $ 1309.20 an ounce and by the time 1407 GMT was trading up 1.5 percent at 1306.31 dollars an ounce.

Gold rose U.S. delivery December to $ 22.20 to $ 1307.50 an ounce.

The price of silver in online transactions 1.5 percent to $ 19.99 an ounce.

Platinum rose 0.5 percent to record 1456.1 dollars, while palladium fell 0.1 percent to 843.50 dollars an ounce.

Gold prices rose about 1 percent on Friday counterattack four consecutive sessions of losses after data showed weaker-than-expected growth of jobs in the United States, which shattered expectations that the Federal Reserve raises U.S. interest rates soon, raising Javebh the precious metal as a hedge.

But gold finish the week on a loss of 1 percent is the third weekly loss in a row. The prices fell on Thursday to its lowest level in six weeks on reports showing strong growth for the U.S. economy and a significant increase in wages.

The price of spot gold 0.9 percent, to 1292.89 dollars an ounce in late New York trade, recovering from its lowest level in six weeks on Thursday and hit of 1280.76 dollars.

Analysts said the gains of gold stopped when the yellow metal failed to breach the key level of resistance near the average driven in 100 days at 1298.00 dollars.

The price of gold in the U.S. futures for December delivery in December to $ 11.40 to $ 1294.20 an ounce.

Said a trader in Hong Kong that the actual demand in Asia failed to recover in a strong manner in spite of a drop in prices on Thursday.

And gold prices remain high more than 7 percent from its level at the beginning of the year, but most of the gains were in the first quarter. Gold fell 3.4 percent in July, the biggest monthly loss this year.

Among other precious metals silver fell 0.5 percent to 20.24 dollars an ounce, while platinum rose 0.3 percent to 1457.50 dollars an ounce and palladium fell 0.7 percent to 862.75 dollars an ounce

Increased gold losses during trading on Thursday to 1 percent, falling to its lowest level in six weeks, heading to record the second monthly loss in three months with weak demand due to investor optimism the U.S. economy, which disrupted the positive impact of a message from the Federal Reserve (the U.S. central bank) that he does not hurry to increase interest rates.

The Council on Wednesday lifted its assessment of the world’s largest economy, but stressed at the same time monetary policy is very soft.

Hours before the statement from the U.S. central data showed that gross domestic product grew at an annual rate of 4 percent in the second quarter after shrinking by 2.1 percent after adjustment in the first quarter.

By the time 1820 GMT, dropped the price of spot gold to 1282.20 dollars an ounce, after hitting earlier in the session to $ 1281.50, its lowest level since the nineteenth of June.

And moving the yellow metal to record a loss of 3.3 percent this month, after a jump of 6 percent in June, while investors accept the purchase by the international political tension and confirm its commitment to the Central American monetary easing measures and low interest rates.

The price of gold fell to U.S. futures contracts 1.04 percent, to 1283.40 dollars an ounce.

The markets are looking forward to the jobs data in the non-agricultural sectors in the United States, which issued on Friday is expected to show the number of jobs increased by 233 thousand new jobs in July.

Among other precious metals, silver fell Spot 1.2 percent to 20.35 dollars an ounce.

Platinum fell 1.1 percent to 1458.24 dollars an ounce, while palladium fell 0.8 percent to 868.25 dollars an ounce

Gold fell on Tuesday, with investors waiting in anxiety as a result of the meeting of the policy-making Monetary Board of the Federal Reserve on Wednesday to discern whether the U.S. central bank will raise interest rates sooner than expected.

Traders said the precious metal was subjected to further pressure from sales in the U.S. futures for August delivery went with the approach of the end of trading.

Will be issued to the Federal Open Market Committee issued a statement on Wednesday, investors will devote himself to his studies carefully in search of evidence on the date which is likely to start when the Federal Reserve to raise interest rates.

The market is also awaiting the latest data of the U.S. gross domestic product to be released Wednesday, and numbers of new jobs for the month of July, which will be published on Friday.

The decline in the price of spot gold 0.5 percent, to 1298.45 dollars per ounce at the end of the trading session in the U.S. market after he jumped in the previous session to 1312.10 dollars.

And prevented the geopolitical tensions in various parts of the world – and especially in Ukraine and the Middle East – the yellow metal from landing sharply in the past few sessions with the increasing attractiveness as a safe investment.

Among other precious metals, silver fell 0.1 percent to 20.51 dollars an ounce, while platinum fell 0.5 percent to 1472.50 Dolarellaoukah and palladium fell 0.4 percent to 876.35 dollars an ounce.

Gold prices ended a choppy, two-sided trading session modestly lower Tuesday. Some safe-haven demand was featured early on as there was a bit more risk aversion in the market place. However, prices sold off at mid-morning partly due to bearish outside market forces that included a stronger U.S. dollar index and lower crude oil prices. August Comex gold was last down $4.80 at $1,298.50 an ounce. Spot gold was last quoted down $4.90 at $1,299.00. December Comex silver last traded up $0.014 at $20.64 an ounce.

Looking at the intra-day chart for August gold futures, it appears a large sell order, or orders, hit the futures market at 9:40 a.m. eastern time. Then shortly thereafter prices sold off further following a much stronger-than-expected U.S. consumer confidence index reading for July.

There were geopolitical rumblings impacting trading Tuesday. The European Union and U.S. are slapping new sanctions on Russia. Meantime, the Israel-Hamas conflict appears not to be de-escalating. These matters helped to pressure world stock markets overnight, although the U.S. stock indexes had posted modest recoveries in afternoon trading Tuesday. The German 10-year bund yield fell to a record low Tuesday, on safe-haven moves by investors and traders. Meantime, U.S. Treasury bond prices posted a contract high and the U.S. dollar index hit a 5.5-month high Tuesday.

The market place is also focused on the big slate of U.S. economic data on tap this week. The headliners include the Federal Reserve’s Open Market Committee (FOMC) meeting on Tuesday and Wednesday, and the key U.S. employment report on Friday. The U.S. second-quarter GDP report is also out on Wednesday. It’s likely the aforementioned reports will have a significant price impact on many markets, in the immediate aftermath of their release times.

The London P.M. gold fix was $1,299.25 versus the previous A.M. fixing of $1,307.50.

Technically, August gold futures prices closed nearer the session low Tuesday and scored a bearish “outside day” down on the daily bar chart. Gold bears now have the slight near-term technical advantage. A three-week-old downtrend line is still in place on the daily bar chart. The gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,325.90. Bears’ next near-term downside breakout price objective is closing prices below solid technical support at last week’s low of $1,287.50. First resistance is seen at Tuesday’s high of $1,312.10 and then $1,320.00. First support is seen at Tuesday’s low of $1,295.50 and then at $1,287.50. Wyckoff’s Market Rating: 4.5

December silver futures prices closed nearer the session low Tuesday. Prices are in a three-week-old downtrend on the daily bar chart. The bears have the slight near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at last week’s high of $21.21 an ounce. The next downside price breakout objective for the bears is closing prices below major support at $20.00. First resistance is seen at $20.80 and then at Tuesday’s high of $29.91. Next support is seen at Tuesday’s low of $20.585 and then at last week’s low of $20.42. Wyckoff’s Market Rating: 4.5.

December N.Y. copper closed down 245 points at 322.90 cents Tuesday. Prices closed nearer the session low and scored a bearish “outside day” down on the daily bar chart. Copper bulls have the slight overall near-term technical advantage. Copper bulls’ next upside breakout objective is pushing and closing prices above solid technical resistance at the July high of 329.45 cents. The next downside price breakout objective for the bears is closing prices below solid technical support at the July low of 317.55 cents. First resistance is seen at 325.00 cents and then at Tuesday’s high of 326.40 cents. First support is seen at Tuesday’s low of 322.45 cents and then at 321.00 cents. Wyckoff’s Market Rating: 5.5.