dubaigoldrates

Category: Gold Prices

  • Gold Prices Today

    Gold Prices Today

    Gold prices rose today in the middle of the European trading at $ 1207 area per ounce after a low price for a brief period of up to US $ 1195.28 categorically that the technical support line at the level of 1200. The price of gold largest witnessed a decline in five months during the past month, there was a Gold prices decline about -5.23% in February and offers about 2.17% since the beginning of the year. Despite the slowdown in the US dollar’s strength during the month of February has not benefited from the yellow metal slowing the dollar, on the contrary, it has the lowest drop in five months.

    Moving the majority of investors to the stock market at the expense of the gold market, with quantitative easing programs for a number of central banks, tend stock markets to rise starting the quantitative easing program directly supports companies, we have seen additional flows to the stock market during the month of February, which led to the S & P500 The US rate of 5.38% decrease in the price of gold and 5.23%

    Gold prices – the percentage of the purchase centers on XAU / USD about 43%, traders yesterday entered into a purchase centers, and was open purchase centers for traders 40%. Longs rose 7.7% higher than yesterday and 4.2% above the levels of last week. Declined 4.5% sales centers than yesterday and 0.6% below the levels of last week.

    The total open positions for traders amounted to 0.4% more than yesterday and 2.6% above the monthly average. We use speculator Confidence Index Reverse indicator, and the fact that the majority of traders are vendors that indicates a possible rise in price. Market sentiment has become less down compared with yesterday and last week. Price trends in the recent market sentiment given the uncertain prospects.

  • Gold rate in Oman

    Gold rate in Oman

    If there is another thing most coveted in the world aside from fame and power, it will be gold. It is a substance known for its versatility as well as soft materials that can be fashioned to various things or embellished with other elements so that it can be used industrially. One thing that makes gold a sought-after asset is its luster that gives off its glow and shine. And we cannot deny the fact that gold in itself has served as a status symbol for quite a long time already. It has been part of legends and stories all over the world. And we usually associate a gold jewelry as a sign of devotion and love given to a person in special occasions. It is a universal symbol for luxury and wealth.

    Gold is primarily used in the jewelry industry just like what is being used for Oman gold. It has been known that gold can be used and molded in to various pieces as a present to a special person of those who have it. It has been existing for 6,000 years already, as they believed so. It is often used as heirlooms passed on from one generation to another.

    In the gold industry, Oman proves itself to be a bearer of many gold that people all over the world can choose from. And now Oman gold rate is changing every day. But how do you really get to know your gold?

    A 24K gold or also known as a pure gold is soft which makes it impractical to be worn. What jewelers and artisans do is to mix gold with other substances so that it can become easily bent and strong for a specific design. And the coloring of the gold is oftentimes attributed to the mixed substances which makes it look like pink gold, yellow and white.

    So what is the “K” in gold? It is actually the “karat” or the mount of gold that you can find in a specific jewelry. So in a 24K gold it means that it is pure gold without any substance added. Or in other words, a 24K gold is composed of 24 parts of gold.

    If you are looking for Oman gold today, here is a list:

    Gold Gram Karat 24         15.89

    Gold Gram Karat 22         14.56

    Gold Gram Karat 21         13.90

    Gold Gram Karat 18         11.91

    Gold Gram Karat 14         9.27

    Gold Gram Karat 12         7.94

    Gold Gram Karat 10         6.62

     

    Oman gold rate has a change percent of 1.79%.

    With the high demand for gold and the gold rate of Oman gold price, it is very important for a buyer to really take good care of it. Although gold is known for its flexibility and is resistant to some damages, there must still be care allotted for it. One can use chamois or a damp cloth with gold cleaning solution. Polish it on your gold and dry it to remove the excess fluids. Have its own container to avoid scratches from other materials. You can even wrap them using a tissue before storing to contain its value.

    Yo Can check Live Oman gold Rate with daily update HERE

     

  • Swiss central bank’s decision a positive impact on value of gold

    Swiss central bank’s decision a positive impact on value of gold

    Financial markets have seen a sharp storm on Thursday after the SNB approve abandon install the euro’s exchange rate with the Swiss franc as the latter rose by 40% against the euro, which Inger him chaos and leading to increased demand for the yellow metal as a haven safe as it reached 1281.58 dollars per ounce.

    And technically we await the beginning of the week to witness the gold little correction as a result of successive climb witnessed, as well as a result of hitting a strongest resistance levels where wait InshaAllah back to move at $ 1241-1267 area, which will represent a period of aftershocks to re-test the upper level of the ascending channel to take evacuated breaths climb again toward the Golden Fibonacci 61.8% for the corresponding US $ 1288-1293 per ounce.

  • Forecast the price of gold in 2015 – more losses in wait!

    Forecast the price of gold in 2015 – more losses in wait!

    Assessment of the US economy, where the recovery of US stocks reduce the demand for gold, we find the US economy has achieved the largest gains in employment since 1999 and the lowest gasoline prices in five years, which gives Americans reason to believe that the economic expansion finally rebounded off the effects of the recession. The ongoing recovery in growth helps to stabilize the global economy.

    The GDP grew at an annual rate of 5 percent in the period from July to September, the biggest advance since the third quarter of 2003 and up from the previous estimate of 3.9 percent, according to figures from the Ministry of Commerce, where added to GDP levels for the second quarter of 4.6%. Next to the expectations of the return of the housing sector, the gradual improvement after the cessation of purchases mortgage debt with a stop quantitative easing as an opportunity to rebound in 2015.

    All these factors drive the decision-makers in the monetary policy in the approach of the lifting Interest despite calls amble where to watch the recovery accelerating US economy expect in the winter of 2015, the first quarter and the second quarter will not be raising US Interest rates where gold will continue to benefit from the support of $ 1131 lows gold in the four years of restricted between 1250 resistance and resistance of $ 1270 for an average 200-day simple moving SMA200D with continued downward pressure of SMA composite 55 a month down from a maximum of $ 1320 may correct up gold to him during the first half of 2015.

    Where it is expected to fall much more with the current strength of the dollar as breaking support in 1140 and 1130 to pay gold to support the 61.8% Fibonacci retracement of the upside rally test in seven years, the highest price of $ 1080 and $ 1050 and support the most important moving average compound 55 quarterly higher than support myself $ 1000 Ounce for which we do not expect to break before the fourth quarter of 2015 and the stability of prices higher than the 950 to 1050 dollars for the second half of 2015, according to our expectations.

  • Gold rises with retail sales data in America

    Gold rises with retail sales data in America

    Gold prices rose on Thursday in hesitant after data indicated a weak retail sales in the United States to lose the largest economy in the world for some of steam, which reduced fears among investors in the precious metal from the possibility to raise the Fed interest rates sooner than expected.

    But the yellow metal remained confined in a narrow range with the rise of stock markets in Europe and the United States supported by signs of abating potential for tensions in Ukraine and Iraq.

    Analysts said the gold is likely to continue in a narrow range in the short term unless there is a sudden change in the global economic outlook and geopolitical tensions.

    The price of gold for immediate transactions of about 0.3 percent to 1311.89 dollars per ounce in the last trading session in the New York market.

    The American stepped futures for gold delivery in December to $ 2.50 to $ 1313.10 an ounce.

    Among other precious metals, silver declined in online transactions 0.2 percent to 19.81 dollars an ounce, while platinum rose 0.1 percent to 1460.30 dollars an ounce, and palladium rose 0.5 percent to 878.25 dollars an ounce.

  • Gold prices begin a new wave of decline to the lowest level

    Gold prices begin a new wave of decline to the lowest level

    Gold prices fell below the levels of 1290 dollars an ounce exceeded analysts’ expectations, with growth data for the U.S. in addition to the reduction of the hedge fund positions for long-term

    And decreased gold futures for December delivery in electronic trading on the New York Stock Exchange during trading today, rose 0.4% to $ 1289 dollars.

    Hedge funds reduced their positions from a long-term contract to 122.1 thousand in the week ending twenty-ninth of July, while the short-term holdings fell by 24% to 26.1 thousand contract.

    And many experts predict that the direction of gold remains negative today as analysts refer to a decline in prices of the precious metal to levels approaching of 1280 dollars, when unshielded target price levels close to 1270 dollars to consist of purchasing opportunities according to their expectations.

  • Gold Analysis Today 18-7-2014

    Gold Analysis Today 18-7-2014

    Gold prices rose for the second day in a row from the lowest level in four weeks, following profit-taking selling after the Fed chief’s remarks the imminent rate hike, which had a negative impact on the price of this precious metal as well as the high value of the U.S. dollar against a basket of currencies

    Gold opened at a price of $ 1299 per ounce and closed at 1319 dollars per ounce

    GOLD points of support and resistance

    R1 1325.5 S1 1303.4
    R2 1329.7 S2 1297.2
    R3 1339.7 S3 1287.1
    Pivot Point : 1313.4

  • Gold falls from the highest level in two months, with the depletion of the actual purchase

    Gold falls from the highest level in two months, with the depletion of the actual purchase

    Gold fell during Asian trade on Wednesday, with the depletion of the actual purchase price after he jumped in the previous session to its highest level in two months, as silver fell from their highest level in three months.

    And pay double the stock markets on Tuesday, the yellow metal to its highest level since mid-April, but the climb was much lower gains on Thursday when he scored the biggest jump in nine months, with the reluctance of the U.S. central bank for the pledge to raise interest rates and because of the violence in the Middle East.

    The price of spot gold $ 6.24 to 1311.36 dollars an ounce by 0304 GMT, time after it was boarded during Tuesday’s session to 1325.90 dollars, its highest level since April 15. The price of the precious metal high about 9 percent from their levels at the beginning of the year.

    And U.S. futures fell to about $ 9 went to 1312.30 dollars an ounce.

    Among other precious metals silver fell – which often follow the lead of gold – to 20.68 dollars an ounce after it was jumped on Tuesday to 21.14 dollars, its highest level since March 18.

    The prices also fell after platinum and palladium that recorded modest gains in the previous session on continued concerns about supply

  • Forecast gold prices – gold pattern for the next thirty days

    Forecast gold prices – gold pattern for the next thirty days

    Gold continued to gain against the U.S. dollar during the session on Friday and closed the week at $ 1,276.68 an ounce, the highest level since May 28. Soft economic data from the United States and the high level of violence in Iraq has helped to achieve the Gold gains nearly 2% during the week. Retail sales during the past week and consumer confidence and PPI numbers were a source of concern somewhat for the people who were expecting stronger growth. Although the data that weaker-than-expected outlook suppressed a tougher stance by the Fed, I expect that the decision-makers will be cutting back from the asset purchase program again conservatives on the practice table. Chairman of the Fed, “Janet Ill” will hold a news conference after a meeting of the FOMC meeting held on 17 and 18 June, where will the Fed officials update their expectations for growth and unemployment and inflation.

    In the meantime, developments in Iraq will continue to influence the market. Geopolitical tensions usually have an impact on gold because of the ambiguity of shares to pay down in the global financial markets and raise buying gold safe. During the month of March, prices reached Alzh to $ 1,392.04 per ounce, due to rising tensions between Ukraine and Russia (and the sanctions announced by the United States and the European Union). With this into consideration, I believe that gold investors will be watching carefully the developments in Iraq to see whether things will worsen or subside. Recent media reports show that the militias, known as the ISIL, moving toward Baghdad after control of several cities in the state. But, at this point, invite investors to be cautious. At the outset it must be remembered that the price of gold dropped down to $ 1,240 after that settled the situation in Ukraine. This means that after the absence of the fear factor and improved equity markets, it is possible that the gold is sold quickly and bring him back to $ 1,213 an ounce.

    The other thing that should be attention to him is the range deliberative of the gold market over the past months. Gold prices sandwiched between $ 1,180 and $ 1,430 during roughly the past 13 months. Price pattern on the charts for gold indicated that sentiment has turned gold (compared to the past few years) and have become more regressive. Before breaking below the support level at $ 1532, which began operations after the sale of a large survey and investor confidence in gold, the market remained in a large area of ​​consolidation for about 80 a week. As a result, investors now want to see if gold can stick to the gains before they put the biggest bets.

    There ascending triangle forming on the weekly chart is believed that it will contain prices over the next several weeks. Of course, the fate of the gold will also depend on how the Federal Reserve Bank. In the event of the upward movement was able to hack through the $ 1,286 level would be technically possible to see continuity upward toward $ 1,297 and $ 1,312. Only hard hack above $ 1,312 is possible that the upward movement gives enough strength to challenge the obstacle $ 1,352. To the bottom, there is support at an average $ 1,260 and $ 1,248. Breaking below the support level at $ 1,240 will increase the downward pressure and sends the price to $ 1,227 and then to $ 1,213.

    Forecast gold prices - gold pattern for the next thirty days

  • Gold Analysis Today 6-6-2014

    Gold Analysis Today 6-6-2014

    Gold rises to near resistance 1256.00 and re-tested, where he is still bullish corrective rebound so far after breaking the symmetrical triangle appears on the chart above.

    1256.00 penetration levels may extend the bullish trend towards 1262.00 resistance levels, but we are waiting for new attempts to bear after the completion of the rebound upward, where the remains negative torque while still MACD is in bearish tendency.

    Support 1250.00 1251.00 1236.50 1231.00 1226.50

    Resistance 1256.20 1262.00 1266.50 1272.00 1278.00