Gold price drops to $ 1,345

January 25, 2011

The price of gold has been losing almost 2% yesterday and this morning falls to 1,345 U.S. dollars per fine ounce, report analysts at Commerzbank Corporates & Markets.

Calculated in Euro Gold slid for the first time in nine weeks under the mark of 1,000 EUR. The easing of the debt crisis in the Euro-peripheral countries have apparently led some investors to take profits. Apart from the last few weeks to be observed decline in gold stocks in the SPDR Gold Trust ETF Securities, the fund provider for the last week, the highest outflows from its precious metals ETFs have reported since 24 weeks. According to data from the GFMS gold producers in the third quarter of 2010, 2.16 million ounces (67 tonnes) would have bought back gold and thus its global hedge book by nearly a third to 5.11 million ounces (159 tonnes) is reduced. Since the so-called de-hedging should have continued into the fourth quarter, the gold producers have contributed to the rise in prices for gold in the second half.

Silver stand from the precious metals are currently under the most pressure and give since yesterday after more than 5%. Price-supporting news came from China, however: there were last year, a year earlier, the silver imports increased by 15% to 5159 tonnes, while exports have decreased by 58% to 1575. Thus China is once again a large net importer of silver have been. This should be again this year to change anything.


Gold prices traded slightly firmer

February 25, 2010

The gold price traded today morning supported by a weaker U.S. dollar slightly firmer at U.S. $ 1120 per ounce reported that analysts at Commerzbank Corporates & Markets.

Yesterday gold at 1130 USD per ounce in the meantime have a four-week high marks. This has apparently not led to profit taking in the short-term investors, so that the gold price had initially succumbed again. Has had a favorable impact of yesterday’s price rise, inter alia, due to low inflows into the SPDR Gold Trust. The latter had reported a slight increase in its gold holdings, at 0.3 to 1108 tons.

The President of the Federal Reserve Bank of San Francisco, Janet Yellen, have spoken out in favor of maintaining the extremely low interest rates in the U.S.. This should impact positively on the price of gold tends, as the opportunity cost of holding gold would remain so low. On the other hand, the low inflation is undesirable, as it had been addressed by Yellen also be rather stressful for the price of gold. For this gold as a hedge against inflation risks losing its appeal.

Analysts at Commerzbank Corporates & Markets continue to expect a sideways movement in the gold price in the current trading range since mid-December from 1050 to 1150 USD per troy ounce.

After pushing gold depends on gold …

February 22, 2010

Never the gold price was so high, never the interest in the precious metal as big shiny – What do you buy the gold and be aware of sale

The gold price is currently at its peak. Just as the supply of scrap gold-buying. Even via letters gold old jewelry can currently make money. The offer sounds tempting. Packed in so-called gold-kits will be sent the old documents, money will follow within 24 hours. Who, however, takes a look at the terms of the company, which will not unduly sluggish in the stomach. Thus, non-precious metals for example, not bought, but not explicitly returned to the sender.
Sebastian Rathmann from Kirchhellen also buys old, on the teeth and scrap gold. “However, I rate the pieces at once,” he says. Payment is by daily rate. “There are also cash immediately.” Particular jewels, for example, are set with diamonds, of course, be judged by different standards. Otherwise, the price of gold in troy ounces (1 ounce = 31.1 grams is calculated). This is approximately 25 euros. “In addition, always be a need to identify the gold content, as well as there are degrees,” says the expert.
Sell Old Gold is one thing to buy new one the other. Even the precious metal is difficult for investors in vogue. Fears of a sharp rise in inflation, or even a collapse of our economic system have propelled the gold price in previously unseen heights. In early December, the price for an ounce for the first time more than 1,200 U.S. dollars. Still, “gold is not a safe investment – even if it is currently often claimed,” says the providers instantly. Anyone planning to buy gold, should consider some important points:
Gold is risky: Even if the gold price has climbed in recent months from a high to the next – Gold offers no protection against losses. To understand this, one must look back not even a long time: In fall 2008, the gold price by around 30 percent.
Gold is expensive: Currently, gold is more expensive than ever. Nobody can say today whether the gold price in the future continue to rise. But times: a general euphoria around a form of investment are rarely good times to invest in this type of investment. In addition, consumers must usually pay a significant premium to the clean price of gold bullion and coins when they buy – ten percent or more are not uncommon.
The retention of gold is expensive to be stored safely after the purchase has the gold. Typically investors to choose a bank deposit box. Also, the fees will cost. In addition, you should clarify to what sum of the contents of the bank deposit box is insured. You may receive an additional insurance is needed. Which costs extra money.
Gold brings neither interest nor dividends: Who is buying gold, speculates the sole fact that the gold price continues to rise. For gold investors, provides no current income: You receive no interest for gold as deposit or savings bonds. And you get no dividends from profits, as shares. That is, gold earns nothing. There simply is just there.
Gold brings a currency risk: The price of gold is traded internationally in U.S. dollars. This means that it may be that buyers make in euro losses, even though the price of gold has risen in dollar terms – only because the dollar was devalued against the euro. The devaluation of the dollar against the euro is also a reason that investors in Germany have so far benefited less from the spectacular rise in the gold price as investors in the U.S. – namely, the price increase is significantly less spectacular when it is measured in euros.
“Basically, buyers should only invest a small portion of their assets in gold. And they should consider whether it really must be gold bullion or gold coins – because there are a number of other investment products around the shiny metal, “advises the Consumer.

Scrap Gold Price development

January 19, 2010

The scrap gold price has grown rapidly in recent years. In the 80s and 90s, the price of gold languished on a single level with a slight downward trend. Only at the beginning of the new millennium has risen sharply, the increase in prices for gold. The price of gold is measured in troy ounce and shown in U.S. dollars. From 2005 until 2008 the price of gold rose from about U.S. $ 400 to up to 1000 USD. This gold price was driven primarily by strong demand from China and India Emerging-market countries. After a brief setback, the price of gold with the outbreak of the economic crisis and financial crisis at the end of 2008 and early 2009, it rose again. It remains to be seen whether the upward trend in the price of gold continue to remain stable or whether it is a medium Abwschwung.