Physical gold market awaits fresh import guidelines
Article source: http://profit.ndtv.com/news/commodities/article-physical-gold-market-awaits-fresh-import-guidelines-322517
US GOLD – Dovish comments from Fed’s Bullard boost gold ahead of FOMC …
Orlando, Florida 22/05/2013 – Gold futures are likely to push aside all other news on Wednesday to focus on what Federal Reserve chairman Ben Bernanke and the Federal Open Market Committee (FOMC) minutes from April might not say about the future of quantitative easing (QE). Gold for June delivery on the Comex division of the New York Mercantile Exchange was last up $15.90 at $1,393.50 per ounce. Trade has ranged from $1,370.60 to $1,396.50. “Precious metal prices are continuing their roller-coaster Read MoreProspects for the platinum sector
Since April the sector has fallen by 20%, bringing the cumulative decline for the year to 30%.But since April contrarian asset manager RE:CM has increased its holdings in Implats and Lonmin, while retaining sizeable investment in Amplats. This begs the question, has the sell-off in platinum stocks been overdone? And more importantly, is there value for investors at these levels? The sector is not imploding, says Jonathan Butler, precious metals strategist at Mitsubishi Corporation. This is not Read MoreGold & Silver Market Morning: May 21, 2013
-- Posted Tuesday, 21 May 2013 | | Disqus Gold Today The gold price did anabrupt turnaround in New York to close at $1,395 up $41. In Asia and earlyLondon the gold price was pulled back to Fix in Londons morning at $1,378.75up $25 and in the euro at 1,070.209 up 18, while the euro was slightlychanged at 1: $1.2883. Ahead of New Yorksopening it stood at $1,380.40 and in the euro at 1,074.32. Silver Today Silver closed at$22.17, in New York yesterday. Ahead of Read MoreChina Platinum Imports Rise – Bullish Platinum and Palladium Fundamentals
-- Posted Wednesday, 22 May 2013 | | Disqus Todays AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce. Yesterdays AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce. Gold fell $6.50 or 0.47% yesterday to $1,377.80/oz and silver finished down 0.56%. The fundamentals of the platinum and palladium markets are beginning to receive market attention and not before time. The positive supply demand dynamics are leading to increased investment demand Read MoreState Bank tries to keep gold bidding price high?
VietNamNet Bridge – The high pricing policy allows preventing gold price fever attacks.The SJC gold price in March, April and May 2013The State Bank has the right and the power to maintain the high prices for gold bidding sessions because of the monopoly mechanism, under which the seller can define the prices. The high price has also been attributed to the high prices of material imports before, which makes the finished products high.The gold price now has a very strong support threshold. The State Read MoreGold Prices May 22nd, 2013, Technical
The gold markets fell during the session as the $1400 level acted as resistance. The market did recover some of the loss above, and all things considered this is a fairly mild drop. It still looks like the $1350 level is trying to act as support, and there is still the possibility that we are in the process of forming a so-called “double bottom.” If that’s the case, this market could be getting ready to grind higher. Read MoreGold rallied for years on ‘misunderstanding’
The rally in the gold market over the last several years has been based on a misunderstanding of the global economy's problems and a misunderstanding of what quantitative easing is. Investors are just starting to realize that their framework for analysis can't account for what's happening in the world right now. They are gradually learning that the economics they learned from textbooks needs updating. That's why they are starting to throw in the towel on gold and Read MoreGold Prices May 22nd, 2013, Technical
The gold markets fell during the session as the $1400 level acted as resistance. The market did recover some of the loss above, and all things considered this is a fairly mild drop. It still looks like the $1350 level is trying to act as support, and there is still the possibility that we are in the process of forming a so-called “double bottom.” If that’s the case, this market could be getting ready to grind higher. Read MoreGold rallied for years on ‘misunderstanding’
The rally in the gold market over the last several years has been based on a misunderstanding of the global economy's problems and a misunderstanding of what quantitative easing is. Investors are just starting to realize that their framework for analysis can't account for what's happening in the world right now. They are gradually learning that the economics they learned from textbooks needs updating. That's why they are starting to throw in the towel on gold and Read MoreIMPORTANT ANNOUNCEMENT
