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How Does China Influence the U.S. Dollar?

China, as is well known, a communist country and a very large population, which can affect the U.S. dollar. With the diversity of forex reserves, China will gradually put some of its shares in U.S. securities, and thus decrease the value of the dollar to the minimum and China caused suffering to American businesses and consumers through empty cupboards America of the market. This also applies to currency manipulation. Where Sttlaab China currency with the US-China trade that produces a lot of products to countries other than the United States.

Also direct competition with U.S. exports a significant impact on the U.S. dollar. With the advent of the wide diversity in American technology, China has made a lot of efforts to American manufacturing techniques at a lower price of American products. Reducing also import products cast a shadow over the U.S. dollar.

The wage pressure is also another factor which gives the Chinese government distinctive wages for Chinese workers. America will compete with China because China has a huge number of workers based on the number of the population. This also applies to the pricing of raw materials. Most of the materials used at the moment coming from China and can be manipulated price however you like

March 20, 2013
Relationship between oil prices and the U.S. dollar

Gasoline prices have risen sharply and distillation materials, including heating oil, last week, but the demand for these products is difficult to achieve and as we know, based on the price of oil is the U.S. dollar itself. When the demand for oil is high and supply is low, as in this case, the potential price increase happening.

The U.S. dollar is used to buy oil. And that because of its high value compared to other currencies in the world. And the sale of oil is calculated is also based on the retail value of the dollar, even in foreign countries. Therefore, the strength of the dollar prices correspond with the strength of oil prices.

The relationship between the oil price and the U.S. dollar correlation. This means that when the demand for oil at high prices, it is an increase in the value of the U.S. dollar as well. And in this case affected the oil-importing country greatly affected due to the high value of the dollar in addition to the price of oil as well. Therefore, citizens may choose the economy in their use of oil to reduce the impact of the increased price.

March 20, 2013
147 billion dirhams Dubai Diamond trading during 2012

Launched in Dubai, yesterday, the «Dubai Diamond Conference, which brings together a group of senior officials and players in the diamond industry, and financiers to trade precious metals and gems and jewelry.

He estimated the Dubai Multi Commodities, during the conference, the total value of contracts traded in (DDE) b ‬ 40 billion dollars (‬ 147 billion dirhams) in ‬ 2012, at a time when participants to move center diamond production to Africa, enhance the status of Dubai-point link between producing countries in Africa and consuming states in India and the Far East.

And participates in the «Conference Dubai Diamond» for ‬ 2013, which was held under the slogan «New Silk Road», more than ‬ 450 workers in the diamond industry, including ministers and destinations legislative and regulatory, and advisers, and jewelers, will also discuss «New Silk Road », and how to take advantage of Dubai’s logistics center between the diamond-producing countries in Africa, and polishing centers in India and the Far East.

Diamond trading

And detailed, according to Chief Executive Officer at the Dubai Multi Commodities, Ahmed bin Sulayem, that «the center participated during ‬ 2012 estimated ‬ 10 billion dollars (‬ 36.7 billion dirhams) to the GDP of the UAE, which enhances the prestige investment and entrepreneurship, which is occupied in the local economy.

Said on the sidelines «Conference Dubai Diamond», that «the total value of contracts traded in (DDE) exceeded barrier ‬ 40 billion dollars (‬ 147 billion dirhams) in ‬ 2012», indicating that «the value of trades more than doubled three times since in 2008 until the end of 2012 ».

He pointed out that «the number of licenses companies doing business issued by the center until the end of the year ‬ 2012 amounted ‬ 2033 license, compared ‬ 1400 license during ‬ 2011», pointing out that the first quarter of this year saw record ‬ 220 company, with international companies multiple nationalities, and regional companies operating in the commodities sector, in addition to small and medium-sized enterprises and entrepreneurship projects.

He stated that «area (Jumeirah Lakes) one of the largest and fastest free zones in Dubai, as the number of towers operating in nearly ‬ 64 towers, with approximately ‬ 55 thousand people between residents and workers where, at a time when the total number of companies registered about ‬ 6200 Company , an average of five to six companies join daily.

And between Bin Sulayem that «Dubai is preparing to enter the next stage of the process of development, a global hub for sectors logistics and luxury goods, as it is no longer a counterpart to the largest and most important centers of diamond trade in the world, but also constitutes a safe environment and organization gives confidence the most important makers and diamond traders in the world, Izawloa their business with confidence.

Shift towards Africa

For his part, Chairman of «Dubai Diamond Exchange», Peter Meeus, that «in ‬ 2013 is a point articulated to the diamond sector at the global level, as he and more than ‬ 80 years, worked Inc. (De Beers), which are the major companies operating in the field of mining in the world, which acquires ‬ 70% of world production, the sale of products from the British capital, London, through a company (Diamond Trading Company) affiliate, but quoted sales all year to Gaborone in Botswana » .

He added that «the size of transactions (DDE) with Botswana exceeded barrier five billion dollars, after the transfer of the office to», pointing out that the transition to the African continent in the industry is a pivotal and strategic, as obsessed continent on the largest share of global production.

The Meeus that «transmission center diamond production to Africa, enhance the status of Dubai point link between producing countries in Africa and consuming countries in India and the Far East», pointing out that «South Africa, Angola, Zambia, is the largest supplier to the Dubai Diamond Exchange».

He explained that «(Almas Tower) in the region (Jumeirah Lakes Towers) embraces more than ‬ 1000 companies operating in the field of trade in diamonds and precious metals, precious stones and jewelry, also includes the head office of the company (in Great) in the UAE, which had been issued ‬ 9921 certificate the origin of rough diamonds in 2012, an increase of 32% on the year 2011 ».

In the same vein, the chief executive said the company «Solomon Othaim Gold and Jewellery Ltd., Suliman Al, that« there are great opportunities for growth in the region’s markets, as witnessed retail diamond trade in the Middle East increased significantly.

He pointed out that «diamond retail outlets experienced significant growth, since tripled in recent years, and we expect that this increase will continue with high levels of cooperation between African countries diamond-producing, and retailers in the Middle East.

March 19, 2013
10 largest gold mines in the world

There is a difference of opinion on any of the mines should be in the first place, say some consultants that the largest gold mine in the world by production is Muruntau Gold Mine in Uzbekistan, say other experts that the largest mine in the world Grasberg Gold Mine in Indonesia, but sawit Grasberg majority.

There are also differences about the size of the actual production of these mines, sometimes there is a difficulty in obtaining an annual production figures.

The following list shows the top 10 mines in the world

1 – Grasberg Gold Mine: a mine in the Indonesian province of Papua, according to a report Rio Tinto OLC annual mine has produced 2,025,000 ounces of gold, and owns a company Freeport-McMoRan Copper and Gold majority stake. In addition to gold, and also produces silver and copper.

2 – Muruntau Gold Mine : Mine is about 250 kilometers west of the capital of Uzbekistan, has produced approximately 1,800,000 ounces of gold last year This project, is the process in an open pit mine company director state-owned Navoi Mining and Metallurgical Combinat.

3 – Carlin-Nevada Complex: This mine in Nevada – United States of America, and produced 1.735 million ounces of gold in 2010, He is the King of Newmont Mining Corp, and includes both open mine and underground operations.

4 – Yanacocha Gold Mine: Located in the north of Peru and the mine is one of the largest gold mine in Latin America,

5 – Goldstrike (Betze post) Gold Mine: The mine northwest of Elko – Nevada, produced 1.24 million ounces of gold last year, which is the property of Barrick Gold Corp.

6 – Cortez Goldm Mine: This mine south-west of Elko – Nevada, and produced 1.14 million ounces of gold last year, which is the property of Barrick Gold.

7 – Veladero Gold Mine: The mine is located in Argentina, has produced 1.12 million ounces last year, which is the property of Barrick Gold.

8 – Lagunas Norte Gold Mine: Located in north-central Peru, and produced 808 000 ounces of gold last year, which is the property of Barrick Gold.

9 – Lihir Gold Mine: The mine is located in Papua New Guineau, and produced 790 974 ounces of gold in the 12 months ended June 30, which is the property of Newcrest Mining Ltd’s largest gold producer in Australia.

10 – Super Pit / Kalgoorlie: an open mine in Western Australia produced 788 000 ounces of gold last year, and owns half of Barrick Gold and the other half Newmont Mining.

March 19, 2013
Dubai Diamond Exchange poised to receive more than 500 guests at Dubai Diamond Conference

Dubai Diamond Exchange one of the initiatives launched by the Dubai Multi Commodities today announced the closing of the registration of the Conference of the Dubai Diamond 2013, after the arrival of the number of participants in the conference to the maximum and exceeded the 500 individual.
The conference will discuss, which is the most prominent events related to trade diamonds for this year, the so-called “Silk Road new” to the diamond trade, and will be held over on 18 and 19 March in the Almas Tower in Jumeirah Lakes Towers;, which houses the Dubai Diamond Exchange, one of the leading diamond trading platforms in the world.

Commenting on the event, said Ahmed bin Sulayem, Executive Chairman, Dubai Multi Commodities, “preparing Dubai to enter the next stage of the process of development as a global sectors, logistics and luxury goods, no longer Dubai counterpart to the largest and most important centers of diamond trade in the world, but also become a a safe and orderly environment gives confidence to the most important makers and diamond dealers in the world to do their jobs right with confidence. ”

He added Bin Sulayem, “will provide the Conference Dubai Diamond platform to build relationships between companies and governments of producing and consuming countries to Diamond, in addition to discussing projects that would push the wheel growth diamond trade, while focusing our efforts on becoming the first destination for the purchase of luxury goods in the Middle East and South Asia. ”

For his part, Suleiman said Othaim, CEO, Solomon Othaim Gold and Jewellery Ltd., Saudi Arabia, “as we look to expand our market share in the diamond industry around the world, a glimpse of great opportunities for growth in the region’s markets; have seen diamond trade retail in the Middle East increased significantly, and the number of retail outlets diamonds about three times in recent years, and we expect that this increase will continue with high levels of cooperation between African countries diamond-producing and retailers in the Middle East. ”

And will include the first day of the Dubai Diamond Conference 2013, sessions involving senior government officials from the Middle East and Africa, viewing through the diamond trade in the new Silk Road. In the second day, includes the setting panel discussions led by a team of international bankers and throwing light through the “banking at the time of the new Silk Road”, in addition to discussing trade of luxury goods in the Gulf region in particular, and the Middle East in general, with a focus on trade in diamonds and jewelry Diamond.

March 18, 2013
Risks of the global economy returns to investors to gold attractiveness

Dubaigoldprices – Gold rose over the past week, its weekly gains by one percent almost, supported by recovery euro and receding demand for assets that are considered high risk, such as stocks, and prices rose for the second consecutive week, where investors are still see the need to retain metal yellow because of the continuing actions of quantitative easing in major economies and the risks in the euro zone.

Gold rose above 1590 dollars per ounce yesterday Friday on key U.S. inflation data. According to the newspaper “Khaleej Times” Emirati.

The price of gold in the spot market 2.0 percent to $ 60.1592 an ounce little changed for gold in the U.S. futures for April delivery / April at $ 70.1591 an ounce.

Prompted a series of positive U.S. economic data equity markets to their highest level in several years and boosted the dollar in recent weeks, which led to the decline in the attractiveness of gold as a safe haven.

But European shares fell and the dollar fell against the euro and a basket of currencies on Friday, with the advent of uncertainty about whether the strong U.S. data in recent enough to push the Federal Reserve to withdraw monetary easing measures early.
And silver rose 5.0 percent to 93.28 dollars an ounce.

The price of platinum increased 4.0 percent to $ 73.1592 an ounce, while palladium rose 6.0 percent to $ 74.771

Gold prices fell on Thursday due to the strength of the dollar as signs of improvement led the global economy, including the positive data from the U.S. economy to investors away from safe havens.

Gold fell in the spot market by 1.0 percent to $ 99.1584 an ounce. The U.S. gold futures fell for April delivery / Nissan 2.0 percent to $ 10.1585 an ounce.
The precious metal recorded its highest level in two weeks at $ 10.1599 in the previous session, with persistent worries about the euro zone, but failed to overcome the $ 1600 level due to the strength of the dollar.

Said John Meyer, an analyst at S. My Angel “reflect the current strength of the dollar improved economic environment in the United States is likely to continue to decline in gold as investors risk.”

The dollar hit a seven-and-a-half months against a basket of currencies after positive data boosted U.S. retail sales in hopes that the economy can overcome the tax increases and spending cuts, which began this year.

March 17, 2013
Three tips help increase gains in Forex

First advice: reduce the frequency of your trading

Most traders are trading more than necessary, believing that the higher the number of deliberations increased their chances of profit. And others think that they are that way, do not miss the change in the market.

In Forex trading, not linked to how much earnings or number of the number of trades – you get a profit of being on the right – and this is the only criterion for judging the performance of your trading, most traders forget this

Consider the following:

Trade is a game of odds, and the profits that usually comes with an increase in risk simply do not come often in foreign exchange trading and should focus on only.

To give you an example of how the power of reducing the rate of your trading – I know many traders who trade only a few times a year and have access to 100-200 percent in profits!

If you reduce the frequency of your trading down, will you work with the following advice for huge gains.

The second advice: R isk more

You will hear a lot of forex traders say that you should not run the risk by more than 2 per cent in trade, but if you are trading a small account you will not achieve any money from it.

Let’s say you are trading as much as $ 10,000 – 2 per cent is equal to only $ 200!

If you consider that the risk rises with high gain, it is not likely to earn a lot of trading that way. Do not forget the fact that the risk increased by 2 percent means less chance of success than the risk by 20 percent.

And a lot of people think that by making low-risk will realize a profit, but in reality they prepare themselves for the long-term loss.
The risk associated with chances of success is not really the size of the risk.

Third advice: Focus on one trading

Diversification is the buzz word that is supposed to reduce risk – but you really if you publish your trades then you are simply reduce your profit potential, do not fall into this trap.

You choose the best deal for you and place where you can from your money and then willingly.

Maybe you think now that this method is not generally acceptable, and this is true – but keep in mind that the majority do not achieve any real gains, so being a minority is not a bad thing!

Today, there are many who will tell you that you can trade forex with low risk – but the reality is that you can not do so. If you are restricting the risks, you are restricting the chances of winning as well.

March 16, 2013
How to invest in gold and silver in Dubai

In times of economic uncertainty, the traditional investment instruments such as stocks and mutual funds that leave investors with returns inconsistent. Since 1970, the value of gold has risen by 3792 per cent, compared with an average rise of the Dow Jones industrial average, which achieved a return of 1280 per cent over the same period. With rising prices in this way, it is easy to understand why gold as an investment continues his high popularity over the years.

The only thing that makes precious metals an attractive investment is that there are many ways to participate in the market. And you can buy gold and silver in a wide range of different weights and sizes through major banks and currency traders. It may be gold is the purest form of investment in precious metals and involves the actual ownership of the commodity.

Another option is relevant and is buying coins. Value depends on the weight of gold in addition to the condition and rarity, and demand for them. This allows investors to combine a hobby with the strategy of seeking to gain from rising prices. Can of coins and bullion to be a good way for market participants to enter the beginner level without having to put up large amounts of capital on the spot. Sizes can be purchased as small as a gram, it provides a flexible option can be tailored to almost any budget. The biggest disadvantages of buying actual physical metal is limited liquidity and the additional responsibility of finding safe storage. Unlike stocks, which often can be sold with a single mouse click, and convert So or gold coins require to find a buyer yourself when you are ready to sell.

For those who feel more comfortable in dealing through financial inter mediation, it becomes funds such as exchange traded gold or silver Trust (iShares Silver Trust) a viable option. Shares of these funds track the spot price of the precious metal. They also provide what can be traded as a substitute for a gold or silver stocks just like any other shares. In addition to ETFs, or equity firms for mining and exploration that provides an additional option to increase the amount of minerals. This could increase the risk a little bit more because of these additional factors, the amount of production, growth, and expenses, and management.

March 16, 2013
Lower Gold Prices Increase Gold Sales in Abu Dhabi By rise 15%

Gold sales in Abu Dhabi increase and since the beginning of the year, helped by lower prices an average of 5% depending on the carts, according to jewelers.

The jewelers ‘Union’ that their sales improved rates ranging between 15 and 30%.

Abdel Wahid Marzouki group owner “jewelry Mandoos” said sales rose more than 15% since the beginning of 2013.

“The gold prices are for the first time a decline in this form for a period of weeks ago continues to 3 years”, after that the price of an ounce of “condoms” to about $ 1900 in the global markets in the spring of 2011.

Gold moves in 1560 and 1585 range dollars since the beginning of March.

Marzouqi explained that gold prices began to retreat since last February, of $ 1,650 per ounce to 1580 dollars, a decrease of 4.2%. “It has become the price of gold – relatively – reasonable now.”

For his part, said Arif Hloh Director replace “Rmaizan Jewelry” The gold prices have fallen since the beginning of last month at rates ranging between 7% and 10% according to caliber, a difference of 12 dirhams per gram on average. This led to increased demand for jewelery, which raise Hloh shop sales by about 30%.

Jewelers complain since 3 years weak demand for buying gold because of the high prices to record levels.

And gold prices rose during the past five years by about 60%, but declined during the past six months by about 9%.

The Hloh The price of gold of 21 carat ranged between 175 and 185 dirhams before February, and dropped to about 164 dirhams now, while gold falling from 18 carat from the scope of 155 and AED 165 to 140 dirhams, while down 24 carat of more than 200 AED, for up to 186 dirhams. Forecasts indicate that gold prices will continue to decline in the coming period.

Marzouki said “prices will fall more in the coming months .. ounce is expected to retreat to the level of 1550 dollars.”

Marzouki due this fall to improve indicators of the global economy and restore investor confidence in capital markets and real estate, after it was their position focus on gold, which is considered a safe haven for investment.

The beauty of imagination agreed sales manager Prince Jewellery Store, with its predecessors, pointing out that the increased demand for various types of jewelry, especially alloys, as well as more expensive gifts.

Imagination said sales rose about 30% during the past two months.

He pointed out that sales were limited by the low prices on small pieces and precious, but purchasing options become wider because of the low prices. The situation is no different for sales staff in Jewelry Samer Abdul bridges, which emphasized improved sales, and focus more on demand and alloys pounds.

But Abdel Monem Sayed, sales employee in Jewelry island, a deadly improvement in sales since gold prices began to retreat out at the end of 2012.

And said, “We want prices to continue to fall, it is in the interests of our trade, and reflects positively on the consumer.”

March 13, 2013
The effects of the fall in Dubai gold price in UAE economy

Dubai in the UAE is known as the house of gold. There are many gold merchants and shops in the place. People from all over the world prefer to buy gold from Dubai for the purity and the comparatively low prices of the precious metal; in the city. Recently, the Dubai gold price has declined to a large extent. This has triggered the gold sale up to a very high percentage. The price fall ranges between 16 to 20.75 dirham per gram as compared to the previous rates of gold in the city/country. The customers belonging to the western as well Asian countries of the world are buying huge amounts of gold at low prices. A large portion of these customers is from India.

Regarding the gold prices

The price of 24 carat gram gold of 166 Dirham decreased to 20.75 Dirham in one week. The price of 22 carat gold of 157 Dirham declined to 18.5 Dirham. The gold price gram 21 carats of 148.25 Dirham has declined of 18.75 Dirham. The Dubai gold shop owners, wholesalers and the gold merchants are also having a huge profit due to this gold rate decline. Women and families are buying bulks of gold ornaments for the wedding purposes. Customers are all rushing to the gold retails in order to grab this opportunity of buying gold at low prices. This might be one of the great opportunities to buy gold or say gold ornaments; undoubtedly the rush would be higher in the market.

The effects of the gold price drop in UAE

The sudden and huge drop of the gold prices in Dubai, UAE is promoting the stock exchanges in the country to attract new liquidity. The fall of the gold prices will make the local economy of UAE stronger. As a result of which more and more foreign investors will be encouraged in investing capital in the country. The currency of the UAE will also have a stronger hold in the world market. The rate of gold never remains the same, it always fluctuates. Sometimes the rate goes up and sometimes it fall down. But, mostly the rate is always on a rising tendency. The declining price of gold is a rare case. Thus, it is a historical gold price fall in Dubai over the past thirty years.

Impact of Gold Price Decline in Dubai

A lot of people in Dubai as well as the whole globe are affected by the decline in the Dubai gold price. It is highly profitable for the gold retailers and the buyers, but a loss for the suppliers. Thus, the gold industrialists may divert their investments towards other industries. On the other hand, foreign investors will be encouraged to do gold investments in Dubai. But there is no doubt that this price fall is highly beneficial for the common customers of gold. They should not miss this opportunity and buy as much gold as possible before the prices rise again.

March 13, 2013