| World Gold Gold, internet, fashion, health, beauty, electronics, pictures, tourism, landmarks States, automotive, education, treatment, mobile, software, women, men |
Top posting users this month | |
Latest topics | » وظائف بالكويت مسابقة 2011 2012 للعمل بوزارة التربيه فى جميع التخصصات Sun Feb 19, 2012 2:15 pm by محمد السعيد الجيوشي » مسابقة وزارة الاوقاف لسنة 2011 للعمل بوزارة الاوقاف والعمل بالمساجد عدد ( 3592 ) وظيفة عامل مسجد عدد ( 1993 ) وظيفة مؤذن مسجد من الدرجة السادسة والخامسة حرفية خدمات معاونةFri Sep 23, 2011 11:57 pm by admin» العاب موبايل لعبة موبايل العاب للموبايلThu Sep 22, 2011 11:54 pm by admin» العاب السباق للجيل الخامس العاب موبايل mobile-gamesThu Sep 22, 2011 11:53 pm by admin» تحميل لعبة Ultimate Alien Pinball للجيل الخامس | العاب نوكيا الجيل الخامس 2011 Thu Sep 22, 2011 11:51 pm by admin» لعبة المغامرات سوبر ماريو super mario باللغه العربيه .. لجميع الاجهزه . لعبة المغامرات سوبر ماريو super mario باللغه العربيه .. لجميع الاجهزه . لعبة المغامرات سوبر ماريو super mario باللغه العربيه .. لجميع الاجهزه Thu Sep 22, 2011 11:51 pm by admin» games gamesgames العاب ماك MAC 2011Thu Sep 22, 2011 11:47 pm by admin» الماك الالعاب العاب ماك للماك العاب روعه رائعه من العاب الماكThu Sep 22, 2011 11:46 pm by admin» العاب ماك مجموعة الماك من الالعاب المتنوعه Thu Sep 22, 2011 11:44 pm by admin» العاب ماك جميع العاب الماك تجد مجمعه غالبية العاب الماك Thu Sep 22, 2011 11:36 pm by admin» mobile gamesمركز ألعاب الماك مجموعة العاب مميزه للماك Thu Sep 22, 2011 11:35 pm by admin» Games iPad 2011Thu Sep 22, 2011 11:32 pm by admin» Games iPad : Fast Five the Movie: Official Game HDThu Sep 22, 2011 11:31 pm by admin» Games iPad : Fast Five the Movie: Official Game HDThu Sep 22, 2011 11:30 pm by admin» العاب ايباد مجموعة العاب ايباد العاب للايباد اخر موضه Games iPadThu Sep 22, 2011 11:29 pm by admin |
May 2024 | Mon | Tue | Wed | Thu | Fri | Sat | Sun |
---|
| | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | | | Calendar |
|
Top posting users this week | |
| | Gold prices hold near $1,430 | |
| | Author | Message |
---|
admin Admin
Posts : 2302 Reputation : 0 Join date : 2010-12-20 Age : 46
| Subject: Gold prices hold near $1,430 Wed Mar 09, 2011 6:28 am | |
| Gold prices hold near $1,430 Gold held near $1,430 an ounce on Tuesday, supported by violence in North Africa but struggling to gain traction as a retreat in oil prices prompted some investors to cash in gains after the last session's record high.
Spot gold was bid at $1,431.75 an ounce at 1009 GMT, against $1,430.74 late in New York on Monday. U.S. gold futures for April delivery fell $2.30 an ounce to $1,432.20.
Prices hit a record $1,444.40 an ounce and oil rallied on Monday after troops loyal to Libyan leader Muammar Gaddafi launched a counter-offensive against rebels protesting against his 41-year rule, fuelling fears Libya was facing civil war.
It later retreated, however.
"Despite the escalation of the unrest in Libya, gold has been struggling to gain a foothold above the old highs with some investors seemingly happy to lock in profit at these levels," said Saxo Bank analyst Ole Hansen.
"It is still too early to say whether we are treading water before the next push higher, or if we actually need a retracement before the buyers feel comfortable enough to take it up into a new range.
"Given the fact that we have failed to push higher amid the highest level of uncertainty for the last two years, almost any setback in crude prices will have an impact on gold, and silver," he added.
U.S. crude prices fell from the previous day's 2-1/2 year highs on Tuesday and Brent crude briefly dropped more than $2 to below $113 as Kuwait's oil minister said OPEC was in talks to boost output for the first time in more than two years.
Oil prices have surged in recent weeks after violence broke out in OPEC member Libya, and as fears grew that unrest in North Africa and the Middle East could spread throughout the oil-producing region.
VIOLENCE RAGES IN LIBYA
Britain and France spearheaded a drive at the United Nations for a no-fly zone over Libya as battles raged across the country, with Muammar Gaddafi's son saying a civil war would erupt if his father stepped down.
The White House resisted rising pressure from some U.S. lawmakers for direct intervention in Libya, saying it first wanted to figure out what military options could achieve there.
A pause in the oil rally helped stock markets move higher after two days of losses in Europe. The euro remained under pressure versus the dollar after a Moody's downgrade of Greece's debt ratings on Monday.
"This reminder about sovereign concerns ahead of this month's meeting of EU ministers to agree a crisis mechanism structure serves to highlight the problems facing the euro area," said CMC Markets analyst Michael Hewson.
Concerns over euro zone sovereign debt were a major factor pushing gold prices higher last year
Holdings of the world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, rose for the first time since February 1 on Monday, by 6.7 tons.
Meanwhile holdings of the largest silver ETF, the iShares Silver Trust, rose to two-month highs of 10,898.14 tons, climbing 103.25 tons, their largest one-day rise since February 23.
Silver was bid at $36.15 an ounce against $35.85, having hit a 31-year high at $36.70 an ounce on Monday.
Elsewhere platinum was at $1,811.24 an ounce against $1,816.49, while palladium was at $786.47 versus $785.97. http://www.mineweb.co.za/mineweb/view/mineweb/en/page504?oid=122333&sn=Detail&pid=32
| |
| | | | Gold prices hold near $1,430 | |
|
Similar topics | |
|
| Permissions in this forum: | You cannot reply to topics in this forum
| |
| |
| |
|