Dubai's gold markets drift away from recession

Jewelry dealers expect to enjoy the gold markets in Dubai, both retail and wholesale, prosperity and growth through the year 2015, making it drift away from the recession that hit the various markets around the world, although that seen in the yellow metal prices fell, comes the recovery of the growing Gulf and Chinese and Indian demand. And the increasing gold glitter in the Emirate of Dubai fainter and brighter, with the launch of figures Dubai Shopping Festival, which not only contribute to the revitalization of the demand for gold jewelery, but also contributed to the rise in demand for gold bullion, which infused theRead More →

Gold fell during the trading session on Wednesday, as investors remained cautious ahead of the outcome of the meeting of the Bank of the Federal Reserve, and so for clues about the timing of a rate hike. On the Comex division of the New York Mercantile Exchange, gold fell delivery in April increased by 6.60 cents, or equivalent to 0.51%, to trade at $ 1,286.30 per ounce, during morning trading in the United States, and prices traded in a narrow range between 1,284.60 and 1 scale, to $ 294.60 an ounce. On the previous day, gold rose 12.50 cents, or equivalent to 0.98%, to closeRead More →

gold price was unable to continue at the level of $ 1,300 that it has hit last week, under pressure from the headwinds that brought the euro as well as lower gold price of gold price. Over the weekend, came the euro under pressure in late on Sunday, more than one percent fell against the dollar to threaten its lowest level in 11 years last week, and suggested expectations after the election in general elections in Greece more volatility and uncertainty in financial markets In Greece, anti-austerity leftist Syriza party is heading for a big win in the general election in the country, according toRead More →

Gold earring high with the end of trading on Friday, its highest level since the first of September, surpassing all expectations of analysts and yesterday to $ 1282 level per ounce, up $ 54 from the opening prices and by the rise of more than 4.41 percent in one week, taking advantage of the panic which traders and investors hit together as a result of turning markets to safe havens and away from risk concerns that seized all the markets where the hit new Swiss franc levels of all the values of European currencies and Asian prices as well as the greenback ended Nyumks newRead More →

This week will be like that preceded whatever gold ahead of Japan and the Bank of Canada on Wednesday, followed by a meeting on Thursday, more importantly what will result from the European Central Bank meeting of decisions on quantitative easing and finally the results of the Greek elections on Sunday program. Today with the holiday of Martin Luther King liquidity look weak in the yellow metal as it dropped gold trading at 1275 levels after hitting the highest levels on Friday to test the level of 1282. In the meantime, gold continued to benefit from the demand for it as a safe haven afterRead More →

Gold on track for $1,300 following removal of cap on Swiss franc

Gold It is likely to break the US $ 1,300 investors rush to hedge risks and buy safe-haven assets in the wake of the Swiss currency disorders. “I got people to get rid of dollars, and bought gold after the Swiss franc move and drop the euro,” said Mohammed Shakarchi, owner of Gold Emirates Dubai-based refinery. “Everyone has been affected by what was done by Switzerland.” Since the SNB’s surprise move on Thursday to abandon the roof of the franc against the euro and gold it has advanced more than 4.5 per cent. Spot gold closed transactions in the $ 1,275.50 on Friday on theRead More →

Gold Met Pixley sharps and sounding very bullish on the gold price in 2015, saying it was “out on a limb” to predict the yellow metal on average $ 1,321 an ounce, to reach the highest level of $ 1,450 and the lowest at $ 1,170. Predict the expectations of minerals survey precious annual London Bullion Market Association, says Pixley sharps, which prognisticator leading gold, that while taking into account the higher interest rate in the United States already in the price, it sees lower ongoing economic growth “, prompting central banks to combat deflation by resorting inflationary pressures in H2 “. Also expects goodRead More →

Gold Rally And Euro Closely Connected

With the majority of the commodity markets suffering from a metaphorical case of seasonal depression, it’s important to look for the bright spots. Surprisingly, gold is gaining momentum in the face of a stronger dollar and the threat of higher interest rates in the United States. In fact, gold is one of the best-performing asset classes so far in 2015. It’s outperformed every major stock index and most international indexes! Many are wondering if gold is finally starting to react to the global geopolitical turmoil like the majority of other commodities. But the reason for the gold rally might actually be a dark omen ofRead More →

Gold prices are determined by the price of gold to rise further next week as the ongoing global market volatility expected to continue to support the metal in the shortened trading week. US markets are closed on January 19 to January holiday for Martin Luther King Junior. And traders and investors to follow the news coming from the Frankfurt next week, with the European Central Bank is scheduled to announce its decision of monetary policy on 22 January. Some analysts believe that the markets analyzed 75% chance that European Central Bank President Mario Draghi will unveil an expanded quantitative easing program, which will include theRead More →