dubaigoldrates

Category: Precious metals News

  • Expected profit growth of Gulf banks during the current year

    Expected profit growth of Gulf banks during the current year

    Expected profit growth of Gulf banks during the current year
    Expected profit growth of Gulf banks during the current year

    Predicted agency Fitch to increase earnings growth of most banks in the Gulf Cooperation Council – GCC – region in 2013, thanks to improved confidence, and the implementation of infrastructure projects, and stimulate local economies, as most of the region’s banks granted a stable outlook with essential support from potential sovereign bonds.

    The agency also predicted a gradual improvement in banks’ profits in the region as a result of increased fees, reduced benefits, and control costs, and in spite of pressure to cut rates. She said the bad loan provisions will fall, and that capital levels in general will not be a problem.

    Added that the majority of the region’s governments provided support to the banking system by providing additional liquidity and inject capital in a few cases. The agency predicted continued support in case of pressure on liquidity as a result of loan growth.

  • Italian Gold Marketing In Dubai

    Italian Gold Marketing In Dubai

    Gold Souk Dubai
    Gold Souk Dubai

    UAE the most prominent markets traded Italian gold after U.S. UAE is exceeded of the most important countries with economic powers in the world it facing the capital light second as they are called, a Dubai city development and progress and more what distinguishes this city it is famous capital shopping where there are many markets and the global brands various investments and most important Astosmaradthahalaa is Italian gold, which is traded to the movement an excellent buying and selling markets, Dubai City

    Indeed, Dubai has the different nationalities that come for sightseeing, shopping and then increase sales and purchases for various industries, especially gold and specifically gold Italian given the multiplicity of types and forms dazzling alloy and jewelry and artifacts and gold jewelry value and appearance are impressive than dazzle tourists forms Fikblon to buy heavily and gold Italian is consumed and traded in Dubai heavily high purchasing claim to profits huge financial which drew the attention of the trade sector and industry in Italy Vorteuroaacama factory or center for the manufacture of jewelry and jewelry and gold jewelry, precious in Dubai and it is in recognition of this city and set it apart from the rest of the world’s cities that have multiple markets for gold in general and Italian private and this would enhance and strengthen economic entity Emirati very significantly in the coming period and helps to increase the development and strengthening of the infrastructure of the state and increase the technology, which works on the growth and prosperity of the state even more in the future to be one of the largest economic entities and stronger countries producing and exporting gold and other industries in various fields .

  • Platinum prices may rise in 2013 due to of tight supplies

    Platinum prices may rise in 2013 due to of tight supplies

    Platinum prices may rise in 2013

    Analysts said during a conference for the platinum industry on Saturday that platinum prices may rise in 2013 with the absorption of the limited supply markets of South Africa’s leading producer of the platinum, which will pay the price of platinum to override the price of gold.

    South Africa contribute by 80 percent of platinum supply and producers has a sharp decline in production over the past year due to labor strikes and interruptions imposed by the government for reasons of safety factors pushing prices to their highest level in more than three months.

    Said Jeremy East director of metals trading at Standard Chartered Bank on the sidelines of the World Gold in India that major producers may begin to close the mines due to to high labor and energy costs

    East said “in terms of basic factors we are betting on rising platinum mines South Africa feel that will to stop production … so the supply will .”

    East said gold prices could rise to 1750 dollars per ounce up five percent from current levels by December on worries about the euro zone South Africa expected economic stimulus plans.

    Said Jeffrey Rhodes director precious metals trading at any. Said. T. Commodity premium for platinum with gold will $ 200 an ounce within six months due sharp increase supported by supply concerns.

    Rhodes said on sidelines exhibition “Over the past three months we platinum prices much lower than gold South Africa up to $ 200 which is illogical, especially for the metal exposed to shocks in supply.”

    South Africa least platinum price $ 144 per ounce for gold prices may rise white metal to two thousand dollars end December, according to Rhodes.

    “The real opportunity lies in platinum versus gold trading. Do see any justification for the low price platinum for price gold

    Reuters