10 July 2014 - Gold up on weaker dollar; India budget eyed for import duty cut |
- 10 July 2014 - Gold up on weaker dollar; India budget eyed for import duty cut
- 10 July 2014 - Gold Prices Climb After Federal Reserve Minutes
- 10 July 2014 - Gold prices gain in Asia as dollar trends lower
- 10 July 2014 - 加沙地区战火重燃，携Fed纪要促黄金强势
| 10 July 2014 - Gold up on weaker dollar; India budget eyed for import duty cut Posted: 10 Jul 2014 06:29 PM PDT From:https://in.news.yahoo.com/gold-softer-dollar-india-budget-eyed-import-duty-003852894--finance.html By By A. Ananthalakshmi | Reuters By A. Ananthalakshmi SINGAPORE (Reuters) - Gold edged up for a second session on Thursday as the dollar weakened after minutes of the Federal Reserve's recent policy meet gave no indication of when U.S. interest rates will rise. Markets were also eyeing developments in India, the world's No.2 gold consumer after China, where the new government is expected to cut a record high import duty on the precious metal at the fiscal budget to be presented later in the day. Spot gold rose 0.3 percent to $1,329.45 an ounce by 0332 GMT, after gaining 0.5 percent in the previous session, aided by the dollar that hit a one-week low against a basket of major currencies. A weaker dollar makes commodities priced in the greenback attractive for holders of other currencies. Gold had come under pressure after last week's strong U.S. jobs report that stoked speculation of an early hike in rates, but the Federal Reserve gave no such indications, according to the minutes from the June meeting. Higher rates would encourage investors to withdraw money from non-interest-bearing assets such as gold. "If gold can break resistance at $1,335, then it can go all the way to $1,380," said a precious metals trader. "The weaker dollar after the Fed minutes is helping." "People are watching India today to see if there will be any cut in import duty, though a reduction is already priced in." India last year took steps to curb gold purchases and imposed a record 10 percent duty on imports in an effort to reduce its high current account deficit. The new government led by Narendra Modi had indicated earlier that they would ease the restrictions, with expectations mounting that an announcement could come on Thursday when the government presents its first fiscal budget. India is likely to cut its gold import duty to 6 percent in Thursday's budget, leading to a rise in imports in the second half, a senior official at the country's biggest gold trade group said. Indian gold imports slid by a fifth last year, so any jump in imports from the country would likely underpin gold prices. Among other precious metals, platinum and palladium continued to gain amid fears over supply issues from major producer South Africa. Palladium rose for a 14th straight session to trade near its highest since February 2001. (Editing by Himani Sarkar) Source:https://in.news.yahoo.com/gold-softer-dollar-india-budget-eyed-import-duty-003852894--finance.html |
| 10 July 2014 - Gold Prices Climb After Federal Reserve Minutes Posted: 10 Jul 2014 06:27 PM PDT From:http://abcnews.go.com/Business/wireStory/soybeans-slide-traders-expect-huge-crop-24474871 Jul 9, 2014, 4:14 PM ET By The Associated Press Gold prices climbed Wednesday amid expectations that the Federal Reserve will keep interest rates at record lows. Gold for August delivery rose $7.80 to settle at $1,324.30 an ounce on Wednesday. Silver for September rose 6 cents to $21.07 an ounce. In minutes from its June meeting released Wednesday, Fed officials agreed that the central bank will stop buying bonds to support the economy in October but showed no inclination to increase the Fed's benchmark interest rate anytime soon. The Fed's efforts to support the economy since the financial crisis in 2008 have lured many traders into gold. Many buy precious metals as protection against inflation and a falling dollar, two risks associated with low interest rates. Metal prices had settled in regular trading for the day before the minutes were released, then climbed higher afterward in electronic trading. U.S. stocks and Treasury bond prices rose, pushing yields down. Industrial metals ended mixed. Copper for September dropped a penny to $3.25. Platinum for October rose $10.40 to $1,506.90 an ounce while palladium for September slipped 20 cents to $872.70 an ounce. In other trading, corn dropped six cents to $3.98 a bushel. Wheat fell 5 cents to $5.51 a bushel, and soybeans fell 13 cents to $11.04 a bushel. Crude oil sank $1.11 to close at $102.29 a barrel on the New York Mercantile Exchange. Source:http://abcnews.go.com/Business/wireStory/soybeans-slide-traders-expect-huge-crop-24474871 |
| 10 July 2014 - Gold prices gain in Asia as dollar trends lower Posted: 10 Jul 2014 06:25 PM PDT From:http://www.nasdaq.com/article/gold-prices-gain-in-asia-as-dollar-trends-lower-cm368936 By Investing.com, July 09, 2014, 07:28:46 PM EDT Investing.com - Investing.com - Gold prices gained in Asia on Thursday as the dollar lost ground on expectations for continued low rates in the U.S. even after the Federal Reserve ends its asset-purchase program. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,327.70 a troy ounce, up 0.26%, after hitting an overnight session low of $1,318.90 and off a high of $1,328.30. Overnight, the dollar traded largely lower as investors opted to go long on stocks after the Federal Reserve confirmed market expectations for monetary stimulus programs to end this year, likely in October. The Federal Reserve said in the minutes of its monetary policy meeting earlier that it should end its monthly bond-buying program by the end of this year, likely in October, which sent investors chasing stocks on sentiments that the economy is recovering. The Fed has gradually been trimming the amount of bonds it purchases by $10 billion a month, and by end of this year, the program should close if the Fed continues to taper on its current trajectory. Silver for September delivery was up 0.37% at $21.145 a troy ounce. Copper futures for September delivery were down 0.05% at $3.252 a pound. Source:http://www.nasdaq.com/article/gold-prices-gain-in-asia-as-dollar-trends-lower-cm368936 |
| 10 July 2014 - 加沙地区战火重燃，携Fed纪要促黄金强势 Posted: 10 Jul 2014 06:23 PM PDT From:http://gold.hexun.com/2014-07-10/166489229.html 2014-07-10 08:33:00 来源：汇通网 汇通网7月10日讯— 周四(7月10日)亚市早盘，国际现货黄金价格报1326.95美元/盎司；随着中东局势的再度升温，金价也缓步推升至突破临界点，虽然遇阻于1330美元关口，但是黄金仍能保持相对高位，日内突破1330美元还是值得期待，不过凌晨的Fed纪要并未涉及提前加息字眼，金价或将继续维持强势。 以色列当地时间8日发动旨在针对加沙地区武装人员的袭击。当地紧急部门官员称，空袭已造成27人死亡，超过100人受伤，这轮巴以冲突是2012年加沙战事之后规模最大的一次冲突。 据报道，以色列方面在加沙地带的空袭造成23人死亡，其中包括一名8岁的儿童和两名青年平民。除此之外，以军还杀死4名哈马斯武装人员。 以色列8日凌晨宣布发起代号为"护刃行动"的大规模军事攻势，以空军不间断地对加沙地带实施空袭，巴勒斯坦安全人员说空袭次数多达120次。 以色列国防军8日凌晨宣布以军向加沙地带发起军事行动，旨在保护以色列南部民众免受来自加沙地带火箭弹袭击。据以军统计，自6月12日3名犹太青年被绑架并杀害以来，以色列已遭到240多枚来自加沙地带的火箭弹和迫击炮弹袭击。以军也对加沙地带展开轰炸。 现今的巴以冲突缺少外来力量是难以解决的，有一个强大的中介方作调解显然是一件好事。尽管美国与以色列关系比较特殊，在一些方面可能有偏袒的嫌疑，在一些情况下的施加压力有可能避免无节制的强硬行为。 Fed会议纪要延续一贯口径 货币和利率政策方面：如果经济前景能够维持下去，FOMC认为将在10月份结束购债。许多委员们希望在首次加息时或之后结束债券再投资。维持利率不变与削减购债的政策决定，是委员们一致投票通过的。大多数委员继续支持美国联邦基金利率起到的角色和作用；很多人支持继续设定美国联邦基金利率的目标区间。 就业市场方面：委员们认为劳动力市场整体状况继续改善。平均工资继续温和上涨。交通，能源，电信和制造业复苏强劲，特别是汽车制造业。 经济方面前景：大多数官员认为经济、劳动力市场和通胀领域的风险广泛平衡。美联储委员认为经济将在2015年下半年反弹。二季度经济反弹，一季度经济降幅之大令人意外。几位与会者认为伊拉克和乌克兰给全球增长带来下行风险。担心投资者对市场过于自满。 通胀方面，委员们认为欧洲与日本持续的低通胀或削弱美国通胀预期。近来的价格指标表明通胀从低位上升。另一些官员预计通胀会较快上升，或认为存在通胀上行风险。 道明证券认为，美联储官员更加关注的政策前景焦点已是如何在未来有条不紊地使政策利率水平回复到正常区间，但是会议纪要中却仍未透露出会在何时开始加息，因此，近期即开始加息的可能性也不存在。而会议纪要也未透露出任何值得投资者对美联储未来加息预期加以修正的隐含措辞。 该分析师认为，美联储的会议纪要措辞总体看起了并没有上月的会议政策决议本身那么偏好鸽派，不过其总体宽松立场则未有改变。 部分投行对于黄金后市观点 加拿大皇家银行(RBC)全球资本市场副总经理、贵金属策略师George Gero周二日前发表评论称，如果黄金收盘位于1335-1350美元/盎司区域上方，那么黄金进一步上行的势头将非常充分。 George Gero表示，黄金仍然受到地缘政治担忧的支撑，包括伊拉克、俄罗斯和乌克兰，同时较低的利率同样打压美元。 George Gero称，技术面上看，黄金如果收盘突破1335-1350美元/盎司区间，则标志着更多的上行动力，更多的基金将会再度重返黄金领域。未平仓合约的数量近期有所上升，如果技术面能够坚持到下周的话，黄金走势看上去可能会更好。 德国商业银行表示，从黄金日线图来看，眼下金价仍处在4月及6月高位1332美元下方震荡，但预计该位置很快会被突破，进一步的阻力在1368美元，该位置是2013-14年三角上轨阻力。若能继续上破则看向1380-1400美元区域，该区域分别由78.6%回撤位，4月高位以及1400美元重要心理关口组成。 截至北京时间8:31，国际现货黄金价格报1328.31美元/盎司。 |
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