Gold price | <b>Gold price</b> back below $1,300 despite first ETF inflows in a month <b>...</b> |
- <b>Gold price</b> back below $1,300 despite first ETF inflows in a month <b>...</b>
- <b>Gold Price</b> Triangle Pattern Near Completion :: The Market Oracle <b>...</b>
- <b>Gold price</b>: Europe rushing in where even Fed fears to tread <b>...</b>
- <b>Gold Price</b> About To Break Higher Or Lower | Gold Silver Worlds
- Interactive <b>gold price</b> chart | Gold Market Price | World Gold Council
| <b>Gold price</b> back below $1,300 despite first ETF inflows in a month <b>...</b> Posted: 15 May 2014 04:36 PM PDT
 The gold price fell by nearly $10 on Thursday after confidence about a continuing recovery in the US economy received a boost from strong employment data. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery in after hours trade exchanged hands for $1,296.0 an ounce, up from Thursday's regular trading session but down from yesterday's close above $1,300. Gold was hurt by news that the number of Americans filing for initial jobless claims fell below 300,000 a week for the first time since 2007. The news boosted the value of the dollar – the US currency and gold usually move in opposite directions. Phil Streible, a senior commodity broker at R.J. O'Brien & Associates in Chicago, told Bloomberg the jobs numbers were "a big deal": "People are getting convinced that the economy is showing signs of recovery. People don't need to invest in a safe-haven asset like gold when the economy is doing just fine." Not everyone was convinced that gold's hard asset qualities were tarnished Thursday and holdings in SPDR Gold Trust (NYSEARCA:GLD), the world's largest physically-backed gold ETF rose for the first time in over a month. Holdings in GLD, which accounts for nearly half total holdings in the industry, jumped almost 2 tonnes to 782.25 tonnes or 25.1 million ounces on Thursday. Allocated gold in GLD's vaults are still 16 tonnes lower for 2014 and at levels last seen in January 2009. After an atrocious 2013 when GLD recorded only 17 days of inflows and almost 540 tonnes left the fund, the tide seemed to have turned early in 2014 with holdings peaking at 821 tonnes in March before sentiment turned again. Buying of gold ETFs trusts – sometimes referred to as the people's central bank – since 2003 when the first of its kind was launched in Australia played a huge part in gold's 12-year bull run. Gold bullion holdings in global ETFs hit a record 2,632 tonnes or 93 million ounces in December 2012. But last year the world's more than a 50 physically-backed exchange-traded gold funds and scores more gold futures-based trusts experienced net redemptions in excess of 800 tonnes collectively.  |
| <b>Gold Price</b> Triangle Pattern Near Completion :: The Market Oracle <b>...</b> Posted: 18 May 2014 06:18 AM PDT By: Gregor_Horvat
Written by www.ew-forecast.com | Try our 7 Days Free Trial Here Ew-forecast.com is providing advanced technical analysis for the financial markets (Forex, Gold, Oil & S&P) with method called Elliott Wave Principle. We help traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our view and bias as simple as possible with educational goal, because knowledge itself is power. Gregor is based in Slovenia and has been in Forex market since 2003. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets; from candlestick patterns, MA, technical indicators etc. His specialty however is Elliott Wave Theory which could be very helpful to traders. © 2014 Copyright Gregor Horvat - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors. © 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication. |
| <b>Gold price</b>: Europe rushing in where even Fed fears to tread <b>...</b> Posted: 13 May 2014 03:25 PM PDT Recently gold hasn't attracted much buying as an inflation hedge – the European Central Bank's unprecedented new plan to boost inflation and weaken the euro may change that The gold price continued to trade in narrow band around the $1,300 an ounce level on Tuesday as a lack of fresh news saw another lacklustre New York session. Gold is still up some 8% in 2014, but down nearly $100 an ounce from its year-to-date high struck mid-March. And the usual drivers of the price no longer seems to spark interest in the metal. The ongoing standoff between the West and Russia over the conflict in Ukraine has done little for gold's status as a hard asset and safe-haven during times of turmoil. At the same time continued money printing in developed economies has not translated into investors seeking out gold as part of an inflation hedging strategy or storer of wealth. Last week the Federal Reserve maintained the US economy still needs "high degree of monetary accommodation" while the European Central Bank is now readying its own version of quantitative easing to be launched in June. When the ECB moves to fight "unacceptably low inflation" in the Eurozone – and with Germany finally on board that now seems likely – trillions more will be added to all the easy money already sloshing around on global financial markets: "The Bundesbank is open to supporting aggressive—and in some cases, for the ECB, unprecedented—steps including a negative rate on bank deposits, long-term loans to banks at capped interest rates and purchases of packaged bank loans, a person familiar with the matter told The Wall Street Journal." The ECB currently pays zero interest on the money parked in its vaults, but forcing banks to pay for the privilege would take European monetary policy into uncharted territory. (Denmark experimented with a negative rate but dropped the measure in April.) The Fed has also played around with the idea to alter the interest rate it pays on reserves held on behalf of commercial banks in an efforts to minimize the impact of the taper. But US financial institutions warned that a reduction in the 0.25% rate would be passed onto consumers who would have to pay for the privilege of having banks look after their deposits. US banks warned that cuts would be passed onto consumers who would have to pay for the privilege of having banks look after their deposits. While asset purchases under the Fed's quantitative easing program is expected to be wound down by end-2014 after pumping $4.2 trillion into the US economy, a rise in interest rates is at least a year away. For its part, Japan is far from throttling back its massive stimulus program under the Abenomics doctrine and may be hitting the gas again. Monetary expansion in the US and around the globe, particularly since the financial crisis, has been a massive boon for the gold price. Gold was trading around $830 an ounce before Chairman Ben Bernanke announced Q1 in November 2008. |
| <b>Gold Price</b> About To Break Higher Or Lower | Gold Silver Worlds Posted: 12 May 2014 02:48 PM PDT The price of gold started today's night session with one of those typical sell orders, bringing the yellow metal to its critical support level of $1,280. Shortly after the New York trading session begun, gold spiked higher and touched $1,305 an ounce. That is a 2% spread on the day, from low to high. The daily chart (see below) shows a strong support level around $1,270 – $1,280, which we indicated with the blue horizontal line. Since the peak of mid-March, gold has made lower highs, which should be a reason for concern, at least from a chart point of view. However, the potentially good news for bulls is that, after touching three times the descending support line (indicated in blue as well), it seems that the gold price has moved outside that trading pattern. Since mid-April, gold has made a first higher high. Note how the moving averages are flattening at this point in time, a sign of consolidation. It is critical though, as the chart pattern indicates, that $1,270 – $1,280 is NOT breached. Otherwise the bulls are in trouble.  gold price – 12 May 2014 The chart learns also that gold is ripe for a trending move. The coming days will show whether the move will be higher or lower; both directions are still open in our opinion. On the flip side, we should note that the metals are not really favored by two factors. First, the miners are not bullish in terms of price action and volume. Second, from a seasonal point of view, we are entering the most quiet period of the year. Both factors would support the bearish case, at least on the short run. A retest of the December lows should not be excluded till July/August. |
| Interactive <b>gold price</b> chart | Gold Market Price | World Gold Council Posted: 14 Mar 2014 05:11 AM PDT NotesThe gold prices used in this interactive chart are supplied by BullionDesk. This price is quoted in US dollars. Where the gold price is presented in currencies other than the US dollar, it is converted into the local currency unit using the foreign exchange rate at the time (or as close to as possible). For example, the London PM fix on 30th October 2013 was USD 1,354.75 and the price for one USD was EUR 0.726. The gold price in euro (EUR) would therefore be calculated as €984.10.1 Like all prices, the gold price reflects not only the inherent value of gold, but also the relative strength of the currency in which it is quoted. For example, the dollar price of gold may increase more in percentage terms than the sterling price of gold, to the extent that the change in price is a reflection of dollar weakness (in this case, against the euro) rather than an intrinsic change in gold market fundamentals. For this reason, our Investment Gold market statistics contain charts showing an index of the gold price in US dollars and local currency units as well as the relevant US dollar / local currency unit exchange rate for countries other than the United States. Public holidays in different countries do not always coincide and therefore the time series that are downloaded from our data providers may contain missing values for trading days in other countries. The approach taken in this regard is to replace the missing value with the most recent value. 1 You may not be able to replicate this calculation due to rounding. Interactive chart helpThis interactive chart provides price data in several currencies, frequencies and weight units. The first price series selected will be displayed in currency units on the primary vertical axis (left). The second series added will be displayed in currency units on the secondary vertical axis (right). Thereafter, price series will be zero-indexed to the first displayed date with the axis values displayed as cumulative % changes. Currencies:
Weights:
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