Gold prices continued its negative trend today. Gold does not keep its price position and once again showed the fall – this time below the level of 1,190.00 dollars per ounce. Thus the collapse wiped out price increases the previous week. London cash market of precious metals opened today fall in gold prices to the level of 1,189.00 dollars per ounce.
Forecast for gold prices – the precious metal will continue to go up because of problems in the stock markets. Quotes for gold closed with an increase in the price of the background leaving investors in the asset-seekers in response to concerns about the pace of recovery of the world economy. As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose 3.50, or 0.3%, to 1245.90 dollars per troy ounce, quotes, silver futures rose 7 cents, or 0.2%, to 18.71 dollars per ounce. The price of gold on the spot market in the U.S. amounted to U.S. $ 1244.90 per troy ounce (+4.50 USD).
Gold price fell sharply reduced during the day in India. Today gold price in India was lower than on the global markets for 5-7 dollars per ounce. The debt crisis in the eurozone pushed investors to invest in gold, which led to an increase in purchase of gold coins and ingots on the world market, as well as to higher prices of stock exchange index funds, secured this precious metal. Gold reserves of the largest fund SPDR Gold Trust reached a record 1,200 tonnes, valued at 46.88 billion dollars.
Gold prices went into the negative, after a sharp fall in demand for the precious metal in the country’s main consumer of gold – India. In the cash market of precious metals in the London spot price of gold for her morning fixing (AM Fixing) today dropped to its lowest level in three trading days. Price AM Fixing today amounted to $ 1,235.25 / ounce – the lowest since June 17. Should be reminded that the price of gold in London reached a new historical maximum – 1,259.50 USD / ounce.
India has become the flagship for the bulls on gold. Gold prices in India rose to a peak this morning. On Friday, June 18 quotes for gold reached a new record high against the withdrawal of investors in asset-seekers in light of overall uncertainty in other markets. As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 9.60, or 0.8%, to 1258.30 dollars per troy ounce, quotes, silver futures rose 41 cents, or 2.2%, to 19.18 dollars per ounce. The price of gold on the spot market in the U.S. amounted to U.S. $ 1256.00 per troy ounce (+9.30 dollar).
Gold prices will depend on China. Total gold reserves in China grew by 454 tons and at the end of 2009 amounted to 1,054 tons. According to this index, China ranks fifth in the world ranking. The significance of gold as the currency has declined substantially, although it is not completely removed from the monetary system of the country (the volume of China’s foreign exchange reserves exceeding 2 trillion U.S. dollars, the proportion of gold in them is less than 2%), according to a report on foreign exchange operations of the State foreign exchange control of China.
Gold prices have set a new world record high. Gold prices on the world market has updated the historical record. On June 18 during trading on the Exchange NYMEX price of gold rose by 0,7% to more than 1,258 dollars per ounce. The previous historical maximum price for gold – more than 1250 dollars per ounce – was established on June 8.
Gold prices on the world market has updated the historical record. On June 18 during trading on the Exchange NYMEX price of gold rose by almost $ 9 to more than 1,258 dollars per ounce. The previous historical high prices for precious metal – more than 1,250 dollars per ounce – was established on June 8.
Gold prices are higher and higher. On Thursday, June 17 quotes for gold reached a new record high against the withdrawal of investors in asset-seekers after the publication of negative U.S. economic data. As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 18.20, or 1.5%, to 1248.70 dollars per troy ounce, quotes, silver futures rose 34 cents, or 1.8%, to 18.78 dollars per ounce.
Gold prices moved in the red zone. Dow Jones Industrial Average has provoked the fall in commodity markets. Dow Jones Industrial growth has become a real test for the precious metals market. Against the background of a correction of the U.S. currency and easing pressure on risky currency gold also felt the fixation of profit, and today the precious metal continued its correction from recent record highs.