Gold price was down 2% in 2014

Gold held near its highest level in three months on Friday, heading towards the biggest weekly gains since mid-January with the release of weak US consumer confidence data reduced expectations of an economic lift US interest rates soon. The dollar recovered from its lowest level in three months against the euro with the continuation of a rally to a three-day gold prices pushed to their highest levels since mid-February to a record of $ 1227.04 an ounce on Thursday. By 1833 GMT, the price of gold rose 0.3 percent in spot transactions to $ 1224.53 an ounce, while the price of the metal jumped inRead More →

SINGAPORE (Reuters) – Gold continued to rise for a third session on Wednesday, boosted by the weak dollar and US economic data boosted speculation that varying the Federal Reserve (Fed) will not raise interest rates soon. By 0615 GMT, the spot price of gold rose 0.2 percent to $ 1195.60 an ounce (an ounce) level just shy of $ 1,200 principal. And it contributed to several other factors, including high oil prices and the decline in global stock markets in strengthening demand for the metal, which is a safe haven. She said Jason Serisola trader at Am.kih.as Group “received gold in support of the riseRead 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 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 →