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Gold rose on Tuesday to $ 1584.25 an ounce, ending four sessions of losses, with investors expected highly of major central banks monetary easing policy, which enhances the attractiveness of the precious metal as a hedge.
 
Gold rose by the time of 0627 GMT about half a percent, to hit $ 1580.76 an ounce, then came back to rise to $ 1584.25 an ounce, while the price of U.S. gold futures also to 1580.30 dollars an ounce.
 
And rising precious metal helped the decline of the dollar, in addition to monetary easing policies, as Investors to buy the metal for fear of rising inflation.
 
But gold lost momentum in the past few months, with growing speculation that the U.S. Federal Reserve (central bank) may inhibit bond-buying program soon in light of signs of recovery in the world’s largest economy.
 
Silver tracked after the yellow metal, and the price rose in online transactions rose 0.8 percent, to a record 28.77 dollars per ounce, while platinum increased 0.8 percent to $ 1576.75, and palladium rose 0.4 percent, and a record $ 717.47 an ounce.

Studying Dubai Multi Commodities Centre launch a fund called «Gold T F» for trading in gold in accordance with Islamic law, according to Ahmed bin Sulayem, Executive Chairman of the Centre.

He told the “Union” that this fund in a series of commodities funds Shariah-compliant Centre intends issued during the year, in the framework of the promotion of the Islamic Emirate economy.

He stressed that the center works closely with the Sharia Supervisory Board, which consists of a group of prominent scientists in the field of Islamic law, to check all the details of the new products and services that the Centre intends issued to ensure compliance with the provisions of the law.

He added that the center believes in Sharia-compliant products up big, particularly after the successful experience of investment in certain products such as “Fund Kausar of goods” in the field of energy, as well as “equity hedge fund short and long term.”

His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, God, had announced last January Dubai, the capital of the Islamic economy, supports its products in various sectors, and believes its investment framework, within standards compliant with Islamic law.

And will be through the Muslim sector of the economy to focus on several key routes centered within paths Islamic finance, Islamic insurance and Islamic arbitration in contracts, and the development of halal food industries, and standards of Islamic commercial and industrial, as well as the Islamic path quality standards.

He said Bin Sulayem that the center of the Dubai Multi Commodities were the pioneers in the field of Islamic banking, where he issued sukuk worth $ 200 million in 2005, and paid all payments due in 2010, also established the company Dubai Multi Commodities Asset Management in 2008 to develop and create products competent investment goods trade in the UAE and other markets, a company registered and licensed by the Central Bank.

He noted that the asset management firm currently manages two investment funds, their “Dubai Shariah Fund for Islamic asset management – Kausar of goods” was launched at the beginning of the investors, companies, and then open to individual investors at a cost 5 thousand dollars minimum weekly payment.

He pointed out that the platform “TDM CC Trajd Flo” launched electronic Murabaha contracts for goods, which leave earned legitimacy and contributed to the launch of Dubai Islamic Bank.

He noted that in the beginning of this year, expanded platform “want Flo” activity through the launch of a program to test and evaluate the warehouse to include calendar stores Shariah compliant, adding that banks Abu Dhabi Islamic and Noor Islamic and Dubai Islamic Orient, dealing with this platform.

He stressed that the center DMCC works to improve its services and will develop products and services compatible with the provisions of the law in the future, pointing to the importance of awareness of Islamic products.

For the third consecutive week, settled a pair of gold / U.S. dollar at a level below the opening level.

Pair rose on Monday and Tuesday on the back of expectations that the Bank president Fed “Ben Bernanke” will defend the Bank’s quantitative easing. But apostasy occurred because these expectations did not last long as increased movement downward pressure again at the level of 1620.

Oil prices fall steadily due to stampede investors to the relative safety of the U.S. dollar against the backdrop of indications that the health of the strongest economy in the world is improving. Modern data from the housing sector and the labor market and investor confidence, spurred optimism about the economic recovery.

According to a report on Friday, index, “the Institute of Supply Management industry” to 54.2 from 53.1 in January, the index “consumer sentiment from the University of Mich.” rose to 77.6 from 76.3. I think that this week will be important for a pair of gold / U.S. dollar, where we were trapped between 1587 and 1563.80 on Friday.

Although the bearish technical formation on the daily charts and weekly indicates that there is still space for the pair fell, I will monitor these levels before doing any action. If the downward movement continues to go down and the 1563.80 level has been exceeded, will watch the levels of 1555, 1547.92 and 1532.

If prices turned upward and she succeeded in overcoming the resistance level at 1587, I think we may get back to test the level of 1597.77 and 1604. You will need upward movement to penetrate the level of 1604 in order to have control. In other words, your husband should be close above cloud “Aichemuko” and “Tinkan – age” (moving average for the period ninth – red line) must pass Vqo “Cajun – age” (moving average for 26 days – green line) on the graph for four hours before you can think of taking a long position on this pair.