Tag Archives: gold price
Gold prices settle lower after Bumpy Week
Gold prices ended slightly lower Friday gold investors digested violent and sudden rally Thursday and a report on employment underwhelming.
Gold for April delivery lost $ 4 to $ 1,349 per ounce on the Comex division of the New York Mercantile Exchange. The spot price of gold traded as high as $ 1,361 and as low as $ 1,345.50. The spot gold price was shedding more than $ 7, depending on the Kitco gold index. The dollar index was 0.37% increase to $ 78.10 as the euro dropped to $ 1.35 versus the dollar. (more…)
Gold Prices Keep $ 1,350 after Jobs Report
The gold price fluctuates after the release of the monthly jobs report initially rallying $ 7.00 on the news and then return half the profits. The price of gold traded at $ 1,351 an ounce – off versus $ 3.00 close yesterday – after the news that 36,000 nonfarm payroll jobs were created, a figure substantially less than the 150,000 expected by economists. On the other hand, unemployment fell to 9.0%, its lowest level since April 2009. Bad weather was blamed for the weak job creation. Gold prices were higher by 1% on the week heading into the last day. (more…)
Shanghai Pushing Gold to $ 1,600 Thwarts Battle Mine Shut
Yu Zudong driving an orange truck rattling down Xiaoqinling mountain in central China, through a landscape pockmarked with caves gold and garbage-strewn tent houses for workers.
“Everyone here wants to earn a fortune,” said Yu, a migrant miner that a cargo of 24 tons of gray rocks to take a mill town in the foot Yuling.
Nearby, sitting in one of the shanties, miner Li Shanchi waiting for his next payday. He has not worked for two months since officials closed some mines after a fire nine employees slain on the mountain, 800 km (500 miles) southwest of Beijing. His lungs are filled with dust he inhaled during a decade of mining, he says, so he silicosis, an incurable lung disease. (more…)
Gold and crude Forecast December 14, 2010
Yesterday U.S. dollar showed weakness and China not expected to raise rates. So it supports all the Gold and unexpected climb to $ 1399 and closed @ $ 1395. Our purchase price was $ 1380 a hit. Today, all waiting for Fed meeting that outcome over the U.S. dollar and gold.
Today, my advice is to sit back and relax and entering the market after the Fed meeting. Today Asian market opens above the $ 1,400 that is a positive sign for gold back above the all-time high. Today for day trading I would suggest to sell @ $ 1405 with stop loss of only $ 4 and our price is @ $ 1382. Among these levels we see outbreaks of gold in both directions. (more…)
Possible Korean War Gold Trading Is the Best Investment
Investment gold is indeed one of the best raw materials set for this fiscal year, as already in recession, especially now that the two Koreas engaged in an artillery clash. Unilaterally by investors focus on the euro-zone debt crisis, which is under strong pressure from the euro, gold trading high today peaked in both Europe and Asia. Overcoming a 28-year track record in the gold price at $ 850 per troy ounce, set at the PM fix on January 21, 1980, was Spot gold XAU bid for $ 1,377.89 at 0731 GMT from $ 1,376.20 late in New York Tuesday, XAG Silver was at $ 27.62 to $ 27.48; XPT Platinum at $ 1,659.50 to $ 1,647.24 and palladium XPD from $ 686.47 to $ 693.
Given recent events, Asian gold stocks are stable after the previous day sell-off, although the tension on the divided peninsula supported commodities like gold, bonds and the dollar. On the contrary, the euro rose slightly from a low two months on Wednesday, finding support after a massive sell-off, sparked by the euro-zone debt crisis. Another resource, oil to near $ 82 increase, rebounding from losses in the previous session, as the expectations of improved demand in top consumer the United States strengthened investor interest. (more…)