Bitgold Receives Funds from Soros Brothers Investments

Published: 19 May, 2015 14:48

A New Form of Gold Trading

BitGold has had a cash injection of approximately $12 million from high profile capitalists such as Soros Brothers investments.

Bitgold is intending to introduce gold trading by setting up a platform which lets traders deal in gold. All dealers have to do is to open up an account which is a super quick process.

The trading account is constructed to work just like a standard PayPal account.
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A Rough Road Ahead for Oil and Gold

Published: 12 May, 2015 13:31

A Waiting Game for Gold?

In recent online commodity trading news, caution still seems to be the name of the game in terms of gold.

Indeed, its prices have still remained sluggish during the past week; holding firm between $1,800 dollars and $2,000 dollars per ounce.

Despite disappointing data emerging from the United States, gold has not yet experienced a significant rally. Some have cited this rather dull performance as being a result of rising bond yields.
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High oil stocks while gold trading price remains subdued

Published: 26 April, 2015 14:56

Oil pumps in Saudia Arabia
This week, the crude oil price tag has fluctuated a few cents around the $57 per barrel level, while gold futures have been trading at a disappointingly low level for some – in the region of $1,175 to $1,177 per ounce.

Small fluctuations around $57 per barrel

Crude oil stocks are currently at an eighty-year high, this being attributed to Saudi Arabia curbing its military campaign against Yemen.

While there no longer seems to be the threat of oil price crashes, prices have dropped from around $58 to $57, which is a minor fluctuation when considered in the context of thirty-day movements, between $40 and $58.
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Time to turn oil shorts into longs

Published: 13 April, 2015 10:20

Has the tide turned in oil prices? Certainly, there’s been a measurable rise in Brent Crude since its low of 4778 in mid-January, but that could have been expected given such a precipitous drop in the six months before.

Since then the price recovery has been measurable but muted, reaching a high of 6283 during February only to fall back to 5258 by mid-March.

However, during the last week, hedge funds have turned into a bullish mode for commodity indexes, with oil and gold leading the way.
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Oil Prices to Stay Low After a Rebound, Gold Boosted by a Delay in Rates Rise

Published: 7 April, 2015 12:57

Oil News

Despite oil prices rebounding on Monday with Brent crude at $58.12 a barrel, online commodity traders should be cautious, as a report produced by Goldman Sachs Analysts predicts months of low oil prices ahead.
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Gold and oil down, but which will rise in the near future?

Published: 11 March, 2015 13:33

Gold news

This morning online commodity traders woke to a fresh shock, another price drop in gold, a new four month low, completely wiping off all profits made in 2015. This was the seventh consecutive day of trading loss. Gold futures for April fell to $1,160.10.

Reasons for pressure on gold

The world economies are slowing, inflation is low, and gold has always been used as a hedge against rampant inflation.
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Swiss Investigate Possible Gold Market Rigging

Published: 25 February, 2015 11:47

In Switzerland, the country’s competition commission, WEKO, announced on Tuesday that they will be probing the possibility that the precious metals market has been manipulated in price fixing.

Since the Libor case in 2012, American and European regulators have increased their scrutiny of fixes on gold and silver prices as well as other commodities.

The price of gold is a standard that has been set by banks over the phone two times a day for a century.
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The highest volatility index since 2009

Published: 11 February, 2015 13:49

Volatility index for brent oil crudeIt seems as if oil has taken a pronounced rebound after its rather recent figures.

Indeed, black gold capped is largest 14-day rally in 17 years when news surfaced that a fall in production within the United States may serve to dent current supplies.

Not only did Brent crude at one point jump no less than 18 per cent, but the volatility index is at its highest since 2009.

The primary cause for this massive jump is due to what many feel has been a knock-on effect.
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Goldman Sachs think oil investors are up for a challenge

Published: 30 January, 2015 15:06

Brent crude oil crisisCommodity trading online may take one of the largest hits in recent times according to Goldman Sachs and other reputable analysts.

Driven partially by the massive collapse in oil prices over the past month, analysts have cut their forecasts once again from neutral to underweight.

The sectors which are expected to be affected include energy, metals and livestock.

While some feel that a cut in OPEC oil production may serve to boost prices slightly, a slowdown in demand may hint at a more protracted downturn for the first half of 2015.
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Little time likely for Big Gains

Published: 22 January, 2015 14:30

The markets for any commodity are always changing; sometimes with great rapidity.

This week, the oil market has seen a very brief, nervous upsurge in prices due to uncertainties surrounding all energies. The death of King Abdullah of Saudi Arabia on Friday has increased the nervousness felt by many.

For example, Brent crude futures reached a high mark of $49.80USD a barrel early in the day, then slowed to $49.30USD a barrel by 0650 GMT. This marked a trading change of upward at 78 cents.
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