Posts Tagged ‘Gold’

Latest figures for gold and other types of trading

Monday, January 23rd, 2017


The latest commodity figures show that gold and oil increased in value this weekend; the former was up by 0.88% and the latter was by 0.11% when compared to last week’s figures. This is particularly interesting given that this has been a month in which the price of oil has been moving sharply up and down in response both to the US presidential elections and to volatile forecasts about the situation in the Middle East. There are two key factors that are behind the fact that this commodity is valuable at the moment, though, and these are outlined below.
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World’s Gold Miners Stick Close to Home in Hunt for More Metal

Monday, September 19th, 2016

The world’s biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth.

Top producers are relying more than ever on small companies to do the heavy lifting of searching for new deposits and increasingly taking 10 to 20 percent equity stakes in the junior miners.

Exploring close to home is more cost efficient and improves the odds of discoveries. But the chances of making major new finds are limited, diminishing global gold output, which is expected to decline by nearly 9 percent in the next three years.

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Gold Falls and Oil Firms as Markets Shrug Off Turkey Coup

Monday, July 18th, 2016

Gold slid one per cent on Monday (July 18) as investor jitters calmed following the failed coup attempt in Turkey, while oil prices edged higher with the turmoil unlikely to hit energy supplies.

Copper fell for a second session on pressure from a stronger dollar while corn prices jumped, underpinned by forecasts of hot-dry weather potentially reducing U.S. crop yields.

Turkey widened a crackdown on suspected supporters of a failed military coup, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in control of the country and economy.

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Gold Hits 4-week High as Cenbank Meets and Brexit Vote Shakes Stocks

Monday, June 13th, 2016

Gold hit its highest since mid-May today, Monday (June 13), driven higher by a retreat of the dollar and as stocks were knocked by rising risk aversion before key central bank meetings this week and a June 23 vote on whether Britain should leave the European Union.

The pound fell to a two-month low against the dollar, pushing gold denominated in sterling to its highest in nearly three years at 909.83 pounds an ounce, up 1.9 per cent.

Spot gold was up 0.8 per cent at $1,283.66 an ounce at 09.40 GMT, off an earlier peak of $1,284.50. U.S. gold futures for August delivery were up $11.10 an ounce at $1,287.00.

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Gold Keeps Shining in the Best Rally in Two Months

Monday, May 2nd, 2016

Nothing seems to be slowing down the gold market, even when speculators take a step back.

Bullion has been on a tear, with futures last week posting the biggest advance in two months. Hedge funds missed the party, reducing their wagers on a rally by the most since they turned bullish in January.

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Oil and Gold: Storm Clouds Gathering

Monday, December 21st, 2015

Oil Hits an 11-Year Low

While this may not be a real surprise to professional online commodity traders, the fact that the price of Brent crude has dropped to levels not seen since the recession of 2008 has some investors questioning how low it may go.

Many technical analysts have pointed out that due to an excess of supply combined with steady OPEC production rates, support levels could still be a long time off.
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Gold and Oil: The Bears are Back in Town

Tuesday, July 21st, 2015

Much of the recent online trading news has centred around the falls that both gold and oil have taken in recent weeks. For commodity investors, it seems that the bears have indeed taken the stage. Gold has fallen to less than $1,100 dollars an ounce; the first time that this level has been seen since March of 2010. From an even more drastic perspective, this signals that it is no less than 40 per cent below its all-time peak that was reached in August of 2011. As historically always occurs, this dip has been seen to reflect more positive economic data emerging from the United States. Additionally, Federal Reserve chairman Janet Yellen hinted that interest rates are likely to rise during the remainder of 2015. (more…)

High oil stocks while gold trading price remains subdued

Sunday, April 26th, 2015

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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Oil down, whilst gold price increases

Thursday, May 3rd, 2012

Oil prices have, for some time, slowly declined from previous peaklevels, metals however, is rising continously. This is simply the summary of
the commodity market today, and there is no indication that any major change will happen in the near future.

Increased oil production – Oil price still high

Oil prices are slowly falling and turning downwards. This includes both WTI- and Brent oil. On behalf of the Brent oil, the turnaround in April 2012 was the first since December.

This all depends on a variety of causes, one of them being the increased production. Within OPEC, there has been an increase by 305 000 barrels per day in April. This is an increase by 1 percent compared with March, and represents a total production of 31.4 million barrels per day.

Nigeria is also investing in increased production of crude oil in the long run. By 2020, the capacity will increase to as much as 4 million barrels per day. This should be compared with the country’s current production of approximately 2.1 million barrels per day. The country is also investing to increase their oil reserve, a backup, which is planned to land at 40 million barrels, an increase of about 3 million barrels from the current reserve.

Information about these plans is considered very safe when delivered by Nigerias Oil (more…)

Gold value continue to rise, Warren Buffet is skeptical

Monday, February 27th, 2012

Buffet Warren

The price of gold is constantly rising

Despite the small dips during the latest period of time, the price of gold is currently on its way of reaching new heights. And there are many analysts who sees gold as a safe
investment in troubled times. They expect the time to buy and the peaks to be high (more…)