Gold rises to its highest price in 3 weeks

Gold rises to its highest price in 3 weeks

Gold prices rose, its highest price in three weeks during trading today Althelathaea, with the continued weakness of the dollar against the backdrop of expectations that the Federal Reserve will adhere to a cautious approach to monetary tightening.

At the COMEX division of the New York Mercantile Exchange, gold futures for March delivery rose / March to trade at $ .264.6 per ounce since 22 March / March and was last trading at $ 1.262.8 per ounce.

The dollar index, which measures the strength of the Dollar against a basket of six major currencies, to 93.95, not far from the lowest price on Monday of 93.74, the lowest level since October / October.

The dollar fell across the board after the recent dovish comments from Fed President Janet Yellen, which prompted investors to exclude expectations about the timing of a rate hike.

Little reaction to the comments of Fed Chairman Robert Kaplan, who said on Monday he was "very open" to determine whether to raise interest rates in June the bank's meeting, while a rate hike ruled in April the dollar did not appear.

An increase in interest rates strengthen the dollar by making it more attractive for producers seeking returns while weighing raise interest rates on the price of gold by making it more expensive for holders of other currencies.

Gold has risen more than 19% so far this year, as the rising turmoil in the markets because of the sharp decline in China's stock and currency markets and worries about the banking sector's health in Europe boosted investor demand for gold and other safe-haven assets, including the yen.

Elsewhere in the metals trade silver futures rose, May delivery rose 0.9% to $ 16.09 per ounce, while copper May delivery rose 0.74% to record US $ 2.106 a pound.

Import prices to rise by 0.2% in the March / March

Import prices to rise by 0.2% in the March / March

US import prices rose for the first time in ten months in March, while exports remained unchanged, according to the official data showed on Tuesday.

The US Bureau of Labor Statistics said in a report that import prices rose by a seasonally adjusted 0.2% last month, compared with expectations for a gain of 1.0%. Import prices fell by 0.4% in February, revised from the preliminary reading of a 0.3% decline.

Export and remained unchanged in March / March, after nine consecutive months of decline. That was better than expected to decline 0.2% of after a decline of 0.4% in the previous month.

The circulation of the euro / dollar at 1.1402 from 1.1395 before the data, while the GBP / USD, while the dollar / yen trading 108.25 from 108.31 traded at 1.4270 from 1.4272 earlier, earlier.

The circulation of the dollar index, which measures the strength of the Dollar against a basket of six major currencies, was at 93.97, compared with 94.02 before the report.

At the same time, futures indicated the US equities to higher trading ahead of the opening, which rose each of the Dow Jones 30 Index futures rose 31 points, or the equivalent of 0.17%, while the S & P 500 index rose 6 points, or the equivalent of 0.27%, while the Nasdaq 100 index rose 12 points, or the equivalent of 0.26%.

Elsewhere, in the commodities market, the price of gold traded at $ 1.263.00 an ounce, compared with US $ 1.261.70 per ounce before the data,

While crude oil prices have risen at $ 40.73 a barrel from 40.52 dollars a barrel earlier.

Gold futures fell in Asian trade

Gold futures fell in Asian trade

COMEX according to the classification of the New York Mercantile Exchange, has gold futures trading in June at USD1254.70 a troy ounce at time of writing, down 0.49%.

It earlier traded lower as USD1254.40 an ounce session. Gold may find support at USD1232.00 and resistance at USD1264.60.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.13% to trade him to USD94.14.

At the same time on the Comex, silver for May rose 0.60% to trade at USD16.125 a troy ounce, while copper prices rose for the month of May rose 0.47% to trade at USD2.159 a pound.

According to the classification Comex New York Mercantile Exchange, gold futures trading in June at USD1257.40 a troy ounce at time of writing, down 0.05%.

It earlier traded lower as USD1253.30 an ounce session. Gold may find support at USD1224.60 and resistance at USD1264.60.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.02% to trade him to USD93.99.

At the same time on the Comex, silver for May rose 1.25% to trade at USD16.175 a troy ounce, while copper prices rose for the month of May rose 2.94% to trade at USD2.152 a pound.

Gold falls from the highest level in three weeks with the rise of the stock and the strength of the dollar

Gold falls from the highest level in three weeks with the rise of the stock and the strength of the dollar

Gold falling one percent on Wednesday to its highest level in three weeks with the rise of European stock after the announcement of strong Chinese trade data, easing concerns about the Chinese economy as well as the acquisition of the dollar some strength.

The dollar rose 0.7 percent against a basket of currencies after falling to its lowest level in about eight months in the previous session as the stock jumped 2.1 percent.

By 1140 GMT, spot gold fell 1.1 percent transaction to $ 1241.80 an ounce (an ounce). Gold fell in futures June delivery to $ 17.60 to $ 1243.30 an ounce.

Gold jumped to its highest level since March 18 on Tuesday, of $ 1262.60 an ounce with the dollar's decline. But he struggled to maintain its gains with the acquisition of a stronger dollar and the rise of the stock markets.

And achieved gold its best performance in 30 years in the three months to March as the dollar slumped as investors reduced their expectations for the pace of raising US interest rates. The dollar lost more than four percent against a basket of currencies this year.

Among other precious metals silver fell 0.7 percent to $ 16.04 an ounce after recording its highest level in five months and a half month low of $ 16.21 an ounce on Tuesday.

Platinum fell 0.9 percent to $ 987.05 an ounce after jumping to the highest level in a month during trading in overseas markets when it stood at US $ 1001.88 an ounce.

And palladium fell 0.6 percent to $ 541.50 an ounce.

Gold falls and the dollar rises along with stocks

Gold falls and the dollar rises along with stocks

Gold fell away from him the highest price in three weeks the previous day during the trading day Wednesday as the dollar rebounded, with enhanced high European and upbeat Chinese trade data stocks risk appetite.

In section Comex gold futures retreated received in June by 1.09% currently trading at $ 1.246.80 per ounce 9:46 GMT.

The precious metal record highs of $ 1.262.60 per ounce on Tuesday, its highest price since March 18 / March ..

The dollar index, which measures the dollar's strength against a basket of six currencies, trading up 0.54 percent to 94.52, rebounding from its lowest level in eight months and on Tuesday from 93.62.

The dollar fell in all sectors after the recent dovish comments from the President of the Federal Reserve Janet Yellen, which prompted investors to exclude raise expectations about the timing of the next interest rate.

And it makes low interest rates the dollar less attractive to producers seeking returns.

And related goods fell currencies after the upbeat trade data from China yesterday, which eased concerns over a slowdown in the second largest economy in the world.

Official data showed that China's exports jumped 11.5% from a year earlier in March / March, the first increase since June.

Gold rose more than 17% this year so far as the market turmoil has strengthened due to the sharp decline in China's stock and currency markets in the beginning of the year, concerns about the banking sector's health in Europe boosted investor appetite for gold and other safe-haven assets, including the yen.

Elsewhere in metals trading, silver May delivery contract fell 0.97% to $ 16.06 an ounce, while copper May delivery rose 0.42% to record US $ 2.156 a pound

5 topics worth pursuing in the financial markets on Sunday

5 topics worth pursuing in the financial markets on Sunday

Here are the top five things you need to know in the financial markets for the day:

1. China's exports rising at the fastest pace in a year

Official data showed that China's exports jumped 11.5% from a year earlier in March / March, the first increase since June.

At the same time, Chinese imports fell less than expected in the second largest economy in the world remained strong despite the decline. .

News reported that global stocks rose, led by the FTSE 100 in London, 016 registered new record levels in 2- and mining stocks led the gains in the city in the hope that the increase in Chinese exports will lead to increased demand for basic ingredients such as commodities.

2. Crude Oil falls after Tlayha hopes to freeze production

Market participants accept to reap profits from black gold during the trading day Wednesday after downplayed Saudi Oil Minister Ali al-Naimi of the possibility of freezing production in the Al-Hayat newspaper.

The comments came after reports on Tuesday and according to which Russia and Saudi Arabia have reached a consensus on freezing production, it will be announced in Sunday's meeting of major oil producers to agree.

Moreover, data from industry group showed that the American Petroleum Institute's report late issued on Tuesday showed that US oil inventories rose by 6.2 million barrels .mleon 536.3 last week.

Analysts had expected a smaller increase modestly by 1.9 million barrels.

The Department of Energy Institute will publish a report on the official stocks during the later in the day. As analysts predict rise in US oil inventories increased by .1.85 million barrels.

And crude oil fell 1.47% to record US $ 41.45 a barrel at 09:54 GMT, or 5:54 pm Eastern time, while Brent fell by 1.12% to $ 44.19 a barrel.

3. JPMorgan is trying to set the tone for the season to achieve gains in the shares of the financial sector in the United States. "

Company: JP Morgan will publish quarterly earnings report on Wednesday, at 10:45 GMT, or 6:45 pm Eastern Time, the first report of the financial sector in the United States.

As markets will Bmahol get indications about the performance of US banks in the first quarter of the year amid environment marked by low interest rates and the volatility of financial markets.

Analysts expect first-quarter reports in the financial sector show profits fell by 9.2% in the 0.2% rise in sales.

4. The Bank of Canada and the United States issued statements Wednesday

Currency traders focused on movements in the dollar / Canadian prices, while the Bank of Canada will announce monetary policy and modernization in the economic outlook decision at 14:00 GMT or 10.00 am Eastern time, while waiting for expectations not to cause the Bank of Canada to any change in the interest rate to remain at 0.50% of the Central Bank of Canada.

Investors were also awaiting the release of reports on retail sales and PPI for the month of March 12:30 GMT or 8:30 ET for the month of February will also be issuing a report on business inventories 14.00 GMT or 10.00 am Eastern time in addition to the Beige Book from the reserve Fed at 18:00 GMT or 14:00 pm ET.

5. Japan's central bank insists on the possibility of further monetary easing

He did not rule out the Bank of Japan board member Yutaka Harada cut interest rates again to negative territory, especially "if there was a big risk."

But he admitted in a statement Wednesday that he can not say whether this risk exists at the present time, His comments came ahead of a meeting next monetary policy decision by the Bank of Japan to be held in April 28

The dollar rose broadly against the yen during trading on Wednesday, with the rise of the dollar / yen away from its lowest level in 17 months.

Tunisia's parliament approve a new law granting greater autonomy to the Central Bank

Tunisia's parliament approve a new law granting greater autonomy to the Central Bank

Tunisian parliament approved late on Tuesday a new law that gives the central bank greater autonomy in an effort to enhance the performance of the bank and to distance him from any potential political bickering.

It comes the approval of the Central Bank Law within the reform package demanded by international lenders Tunisia.

Parliament approved the new law after four days of intense debate because of the objection of many deputies on the grounds that it enshrines the dependence on the International Monetary Fund.

But Finance Minister Salim Shakir said there was no justification for any fear of the law, which aims to develop and modernize the banking system in order to suit the global system.

After the 2011 uprising that toppled former President Zine El Abidine Ben Ali suffered a former Central Bank Governor Mustapha Kamel Nabli of the government's attempts to intervene in monetary policy, which was rejected by the former bank governor.

Subsequently, the sacked former President Moncef Marzouki in 2012 Nabli from office under the pretext of disagreement over the economic policy of the country at the time.

According to the new law will not be permissible for the government to issue any instructions of the Central Bank, but would have the right Prime Minister to form a committee to check if there are suspicions of corruption.

It will be the central bank's absolute authority in monetary policy and exchange policy and control the up and dispose of the gold-control.

He said a central bank official said the aim of the law is a response to modern governance and distancing the central bank from any potential political bickering or dictates to impose certain monetary policies.

A draft law was prepared in cooperation with the International Monetary Fund.

The new central bank law also establish a monitoring body and to act in a crisis shall make recommendations and to protect the national economy from the potential impacts that may result from any disturbances in the global economy.