Tag: Gold trades

  • 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

  • Daily Report For Gold 8/11/2013

    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.

    Daily Report For Gold 8/11/2013
    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