Tag: Gold prices

The reasons for the decline in gold prices in the global stock market by 45 dollars.. Get to know them

Gold prices fell globally from the level of 1955 to 1910 dollars, after sharp selling operations as traders absorbed the statements of raising interest rates from global central banks, coinciding with the rise of the dollar yesterday, which kept the metal on track for its first weekly decline in seven weeks, according to a report by gold Bullion.

Gold prices declined to trade around the level of $1910 an ounce, with a decline estimated at 0.03% at the time of writing this report, after gold lost 2% yesterday, Thursday, due to profit taking, and gold fell by 0.4% so far this week. And with gold prices providing an excellent performance, up more than 20% over the past three months, some profit-taking was likely in the near term, but for gold prices, there could be a greater conviction for sellers is a drop below the $1895 level, according to the report.

Gold prices have gained around $300 since November due to expectations of a less aggressive interest rate hike by the US Federal Reserve, as the low interest rate environment reduces the opportunity cost of holding non-yielding gold. After the Federal Reserve raised interest rates by 25 basis points, the European Central Bank and the Bank of England each raised interest rates by 50 basis points as expected on Thursday. Meanwhile, the US dollar is down 0.1% at the time of writing, on the data front, investors are now awaiting the US monthly non-farm payrolls due later in the day, unemployment and the wage change.

February 4, 2023
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

June 25, 2014
Gold falls from the highest level in nearly three weeks due to profit-taking

(Reuters) – Gold prices fell on Monday as investors booked profits after rallying earlier to its highest level in nearly three weeks due to disturbances Iraq that supported the metal’s appeal as a safe haven compared with other assets involve a higher risk, such as stocks.

The prices of platinum and palladium after big losses last week as investors awaited the result of talks to end the strike in the mines of South Africa.

Gold rose initially after the United States said it had launched air strikes in support of the Iraqi government after the attack in which Islamic militants seized several towns and cities in Iraq.

Usually turns investors to gold or other precious metals in times of political unrest or to hedge financial risks.

The decline in gold on the spot market 0.2 percent to 1273.50 dollars per ounce by the time 1614 GMT, after hitting its highest level since May 27 of $ 1284.85 earlier in the session.

The futures fell for gold in the United States August delivery dime to 1274 dollars per ounce.

Gold prices got support also in the beginning of the developments in Ukraine, where insurgents shot down pro-Russian transport plane belonging to the Ukrainian army.

Platinum rose 0.7 percent to 1434.40 dollars an ounce.

And palladium rose 0.1 percent to 810.20 dollars an ounce.

And silver fell 0.2 percent to 19.63 dollars an ounce

June 17, 2014
Gold prices steady

Gold was heading for a 1.8 percent weekly fall on Friday, dented by hopes that diplomatic efforts can calm violence in Ukraine and by strengthening US economic data.

Fears over slowing demand in top consumer China and sustained sales from gold-backed funds also contributed to its fall below $1,300 an ounce.

In thin Easter holiday trade on Friday, spot gold was unchanged at $1,294.80 an ounce by 0920 GMT, while gold futures for June delivery closed down 0.8 percent at $1,293.90 an ounce on Thursday.

There will be no London gold fixing – the twice-daily price-setting benchmark – on Friday and Monday because the UK is on holiday. The US market will be closed on Friday.

“The price of gold dropped this week … as further evidence emerged of an improvement in the US economy,” Natixis analyst Bernard Dahdah said.

April 20, 2014
Gold falls from a high level within the process of correction after achieving the biggest daily gain in three months

Gold prices dropped the Asian market on Friday, after it recorded the previous session highest level in six weeks and achieved the biggest daily gain in three months, as the sharp decline in global equities , especially the U.S. and disappointing data for manufacturing industries in China boosted the appeal of the precious metal as a safe haven for investors .

And ended the gold dealings yesterday , up by 2.3 percent and the highest level of 1265.21 dollars per ounce , the highest since December 10 last December.

Gold fell by at 08:10 GMT to the level of 1258.60 dollars an ounce from the opening level of $ 1263.31 , and recorded the highest level of $ 1264.41 and the lowest level of 1256.84 dollars.

World stocks

Wave of landing controls the global stock markets , in particular the U.S. and Asian stocks , after Chinese data raised concerns about the growth of the second largest economy in the world.

And ended U.S. stocks on Wall Street yesterday’s session sharply lower and the Dow fell for a third day in a row amid corporate results , which did not satisfy the ambitions of investors .

The retreat session today index MSCI Asia Pacific at 1.2 percent , the Nikkei index of Japanese shares 1.9 percent to its lowest level in a month , and the Japanese Topix index fell broader 1.8 percent to 1264.60 points.

January 24, 2014
Daily Report For Gold 6/12/2013

Daily Report For Gold 6/12/2013

Gold prices steadied in early trading in anticipation of the U.S. jobs report at the time that it may tend to achieve lower prices weekly until now .

Gold prices traded around levels of $ 1,230.15 an ounce after that opened at levels of $ 1225.19 an ounce and has achieved the lowest so far at $ 1,224.13 and $ 1,233.80 highest so far .

Good data over speculation in the markets that the Fed will move to reduce the quantitative easing policies valued at $ 85 billion dollars a month . Especially as the U.S. economic data is the prime mover for the construction of expectations because the bank noted in more than one occasion that the decision to quantitative easing policies based on economic data and the extent of improvement in the U.S. economy .

Yesterday, data showed U.S. economic growth in the third quarter better than expected and within the best level since the first quarter of 2012 , while the private sector added jobs for the better than expected .

Today all eyes are moving to the monthly jobs report and forecasts suggest the economy in addition to about 180 000 jobs in November earlier.

Gold prices lost an average of about less than 25 % of their value since the beginning of this year, after data showed economic improvement globally and in the United States and start talking about the bank ‘s policies towards reducing quantitative easing , prompting the exit of investors from the gold markets in a manner large .

Continued negative pressure on gold and improved U.S. data could push gold prices to $ 1,180.00 areas ounce , though markets have already priced U.S. data and influenced the movements in the gold markets .

Gold trading higher level with strong support around $ 1224 /OZ. It constantly trading above this level, may push the pair to rise to 1230 dollars an ounce during trading today. In the case of a break of 1224 dollars an ounce down, it pushes the gold to drop to the line of the bullish trend.

December 6, 2013
Daily Report For Gold 26/11/2013

Gold prices rose from the lowest level since July as part of corrective movements after the fall in prices to attract some investors to gold markets again .

Gold prices recorded in early trading levels of $ 1,251.57 an ounce after opened today at $ 1249.95 per ounce , prices yesterday retreated to levels of $ 1227.56 an ounce, the lowest in four months.

Despite the correction , but the gold market is still bearish market so far under the pressure of uncertainty about when to withdraw stimulus by the Fed .

Unsure about when to withdraw the policy of quantitative easing by the Fed contributed to the negative pressure on gold prices, the bank stressed that there is a tendency to withdraw stimulus plans in the coming months, while that Janet Yellen – Vice President of the bank, which will take office as president of the Bank of the beginning of the new year – in testimony to the U.S. Congress confirmed on retaining mitigation policies until the economy shows strong recovery and continuous and not instantly.

Quantitative easing policies have contributed to the doubling of the price of gold over the past three years, but that gold prices have fallen since the beginning of this year by about 25% due to the improved performance of the U.S. economy and to work near the end of the quantitative easing policy as well as the improved performance of the stock markets.

Gold is no longer attractive to investors at the moment after the Fed confirmed the existence of a tendency to pull the quantitative easing policies of the monthly value of 85 billion U.S. dollars in the coming months and then declining levels of demand for it as a hedge against inflation.

Found the price of gold good support at 1228.00 paid to bounce up to test the 50 EMA , which is resistant to the instantaneous now at 1260.50 , and the stability below this level will keep the intraday trading the descending list , supported by the arrival of stochastic is oversold , and the main objectives at 1211.00

It is necessary to note that the penetration level of 1260.50 and then trying to overcome the barrier of 1300.00 will provide positive opportunities to convert intraday trading and short -term towards the top , especially since the price would have scored higher than the level of the bottom of the bottom middle of this year recorded at 1180.65

The trading range for today is between : Support and resistance 1220.00 1270.00

November 26, 2013
Daily Report For Gold 25/11/2013

Gold prices declined in early trading today to reach its lowest level in four and a half months at a time of growing investors out of the gold markets , following the expectations of the imminent withdrawal of stimulus by the U.S. Federal Reserve .

Gold prices have fallen to levels of $ 1229.70 an ounce – the lowest since the beginning of July – before they bounce a little hour Altai report to the levels of $ 1231.06 an ounce and the price compared to open today at $ 1242.00 per ounce .

Gold is no longer attractive to investors at the moment after the Fed confirmed the existence of a tendency to pull the quantitative easing policies of the monthly value of 85 billion U.S. dollars in the coming months and then declining levels of demand for it as a hedge against inflation .

Quantitative easing policies have contributed to the doubling of the price of gold over the past three years , but that gold prices have fallen since the beginning of this year by about 25% due to the improved performance of the U.S. economy and to work near the end of the quantitative easing policy as well as the improved performance of the stock markets .

It is worth mentioning that the price of gold began to decline at the annual level in 2013 for the first time since 2000 , where prices continue to rise continuously.

With still out investors from the market continuing even now and shown by fund SPDR Gold Trust the largest ETF backed by gold in the world where in the volume of gold has nearly 4.5 tonnes on Friday to up to 852.21 tons and remains at the lowest level since February February 2009 , While this decline is the worst since the beginning of this month .

Gold settled the Asian market on Thursday, near the lowest level in four months on his way to recording the biggest weekly loss since September last year of his indicators near the start of the Fed’s easing policy stimulus measures .

GOLD points of support and resistance

R1 1247 S1 1241

R2 1249 S2 1239

R3 1252 S3 1236

Pivot Point: 1244

Pivot Point: 1244

November 25, 2013
Gold falls to its lowest level in three weeks in the wake of U.S. jobs data

Gold falls on Thursday to its lowest level in three weeks in the wake of positive data released in the United States , which increased indicators of the Federal Reserve in reducing the monetary stimulus , data showed U.S. jobs unlike expected during the month of October .

The decline in gold to a level of $ 1283.74 / OZ from the opening of $ 1307.61 and the highest level of 1312.83 dollars and the lowest level of $ 1290.69 lowest in the three weeks since 17 October .

U.S. jobs

U.S. economy managed to reverse expected to add 204 thousand new jobs during the month of October of 163 thousand jobs during September and better than the median forecast of experts who nominated added 121 thousand new jobs.

Although the month of October saw a deep political crisis over the U.S. budget and raise the government debt ceiling , which resulted in a partial shutdown of the federal government for the first time in 17 years , but the largest economy in the world apparently did to those affected by the crisis .

Yesterday, data showed breadth of the growth of the economy during the third quarter to 2.8 percent from 2.5 percent from the second quarter , and fell for the second consecutive week jobless claims .

These data increased the stability of the recovery phase indicators for the U.S. economy and entering the growth phase which increases the expectations of approaching the Fed bond – buying program to reduce the estimated $ 85 billion dollars a month , which is not in favor of higher precious metals prices , led by gold.

Gold prices fell about 23 percent since the beginning of this year on fears that the Federal Reserve may start easing its monetary stimulus program .

November 9, 2013
Daily Report For Gold 8/11/2013

Gold trades settled in early trading in anticipation of the monthly jobs report is expected to be released later in the day after he was taking the impact of growth data in the United States during yesterday’s session.

Gold prices traded around $ 1,310.21 per ounce and the Supreme achieved so far at $ 1311.56 and the lowest $ 1,305.88.

Markets today are looking forward to the U.S. monthly jobs report, which is expected to show a weak pace of growth of employment, especially that projections indicate added 120 thousand jobs in October of 148 thousand jobs in September

Thus investors re-pricing of U.S. data and thus determine the direction of the market after the data release today, twice the pace of job growth will increase speculation that the Fed considers delaying the reduction of mitigation policies valued at $ 85 billion per month until next March.

Gold prices lost an average of less than 25 percent of its value since the beginning of this year after economic data showed an improvement at the global level and in the United States and start talking about the Bank towards reducing quantitative easing policies, prompting the exit of investors from the gold markets as large.

Monthly jobs report is expected to be released at 13:30 GMT.

Gold fell down yesterday, with the price slumping continued with a reduction gold from Some of its losses today. Generally will continue to favor the bearish scenario as long as the price is fixed below the levels of resistance to range scope of side stability 1327.00

Support 1306.00 1300.00 1294.00 1286.00 1280.00
Resistance 1315.00 1322.00 1327.00 1336.00 1340.00

November 8, 2013