Gold trade

Lebanon is now: The price of gold this morning set a new record in the exchanges of Hong Kong, crossed the $ 1900 an ounce for the first time in its history, and in the high continuous days ago, raising investor concerns on the health of the global economy and the debt crisis in the euro area and disorders geopolitics in the Arab world . 
The price per ounce 1914.50 / 1915.50 per ounce before noon today in Hong Kong (approximately at 3.30 GMT) after opening on the price of 1898 / 1899 dollars. 
Capital markets and fears the return of an economic downturn to the U.S. and Europe, and is concerned about the debt crisis in the euro area.

He said the Libyan central bank governor Farhat Previous Bnkdrh that ColonelMuammar Gaddafi may have stolen the gold reserves of the Central Bank of Libya worth ten billion dollars.

He emphasized that “Gaddafi tried until recently to obtain financing in various ways, and found in Tripoli and realistic financial reserves with gold valued at ten billion dollars,” and stressed the possibility that Gaddafi carried with him a part of this gold before his escape.

Asked about the reason for his certainty of the matter he replied: ”I have a friend is Lip n, told me not long ago that he had received a call from oneassistant Gaddafi nearby, offered a sale of 25 tons of gold, and advised him to reject it and actually declined friendly deal, and this is clear evidence.”

This came in an interview with Ben Guidara interview with the newspaper”Alchorary della Sera” of Italy, where he is likely to be Gaddafi fled to the Sabhain the desert, and added that there are two possibilities ”it is possible that he escaped the fact to Sabha, where the logistics base. or that he went to the border with Algeria. “

Preparing the global markets, tomorrow, to monitor the trading of gold, after the statements of many officials in the United States, on the new stimulus plan, which will present “Federal Reserve”. 

The price of gold has surpassed the level of $ 1800 an ounce (an ounce) after he left Ben Bernanke Federal Reserve Chairman, the door open for the U.S. central bank; to provide new incentives to help the U.S. economy and reduce unemployment. 

The price of gold ended the immediate session of the transactions of dealings in the New York market, up about 3 per cent to 1828.05 dollars an ounce in the second day of gains. And lost the gold last week, more than $ 200 after hitting a record high reached a new high of $ 1911.46 an ounce in trading session Tuesday. 

And ended the U.S. futures for gold delivery December (December) session high of $ 34.1 or 1.92 per cent, at 1797.30 dollars an ounce. The price of silver rose to instant transactions of 0.7 percent to 41.66 dollars an ounce 

Said Ronald Leung, a trader at the spot gold to me, “Cheong Gold Dalers” in Hong Kong, “gold will stabilize in the near term. But low interest rates in the United States and the confused situation in Europe will drive gold higher.” The CMI group had raised margin requirements for gold futures contracts by about 27 per cent for the second time in a month, in the wake of similar steps taken by the Shanghai Gold Exchange and the Hong Kong business earlier this month. 

Said Ben Bernanke, Chairman U.S. Federal Reserve, on Friday, “The Fed was” prepared to take action to help the troubled U.S. economy. But Bernanke said, in a speech and expect long-awaited Hall of Jackson Hole, Wyoming, there is no immediate plans for concrete actions. He added that the Committee for the federal free-market “will continue to assess the economic outlook” during its meeting in September next.

Gold ounce yesterday recorded a decrease to 1780 dollars to more than $ 130 decline in two days, which made a gram at a local retreat about 3 dinars for the price of gram of IgE (21) to 5.35 dinars. 

She had reached prices locally about 40 dinars to the grams of 24 carat Aqrata, with log g rounds of 21 accounted for 35.6 dinars, and log 18 K, about 30 dinars, and 14 gauge about 23.8 dinars, the price per pound Alr_ak_i 260 dinars and the price of British pound 283 dinars. 

Said Association Secretary jewelers and jewelry-profit Declaration that the price of gold in the domestic market declined during the 48 hours Almadh about 3 dinars per gram, indicating that the movement to buy gold in the domestic market is weak amid lack of demand and supply and attributed the decline in medicine locally to busy people the seasons and the school . 

He predicted that the Declaration is active gold market after the month of Ramadan is expected jewelers and goldsmiths recovery of the gold market after the month of Ramadan because of the occasions of marriage. 

He noted that gold prices declining significantly during the global trading since the beginning of the week and attributed the decline to U.S. data and the sale of gold to make Alriah and sign Declaration to continue declining gold in the coming days, but he stressed that with the end of the year will exceed $ 2000 per ounce oasis. 

The Kingdom’s imports of gold in the past year amounted to 3.5 tons, compared with 4.7 tons for the same period of 2009 which brought down the Jordanian purchases of gold due to high prices in world markets and reflected locally. 

On the other hand is important because it controlled the price of gold in the Kingdom, prices of gold more than one per cent yesterday to continue its losses in the previous session after it raised the CME Group. Or. Any U.S. commodity exchanges initial margins of futures contracts to the highest level in two years and a half to reduce the of violent fluctuations in precious metal, who scored an amazing heights. 

And landed the spot gold price of more than four percent last Wednesday, the biggest decline since December of 2008 as investors liquidate their positions after gold jumped nearly 35 percent this year to a record over 1911 dollars on Tuesday. 

And raised C-group. Or. Any margin requirements for gold futures contracts by 27 percent for the second time in a month in the wake of similar steps taken by the Shanghai Gold Exchange and the Hong Kong business earlier this month. 

It also eased the demand for gold after data showed the U.S. economy faces a slowdown, not a recession. 

The precious metal fell 2.1 percent to 29.1730 dollars per ounce, and last Wednesday, gold fell 3.4 percent in the biggest daily loss since the first of December 2008. 

And I got gold futures U.S. 3.1 percent to 40.1733 dollars after they lost 6.5 percent yesterday in the biggest daily loss since March 2008, and dropped the price of silver in online transactions 73.0 percent to 34.39 dollars per ounce, falling platinum 22.0 percent to 24.1798 dollars per ounce and the decline palladium 25.0 percent to 95.741 dollars per ounce.

 Despite the rises of the global gold prices, gold shops and see the jewelry in the Hail region because of the encouraging turnout of consumers keen to acquire gold and presented as special gifts.

Traders said: The gold and jewelry markets this year has seen encouraging the movement of purchasing other than the past years, despite prices that exceeded reasonable terms, Mohamed Alsaeidi “official sales” that demand a lot in the feast because of the increasing social occasions, particularly weddings.

Increasingly, the demand for rings, bracelets crews and residents of the area which used to provide dowry for the bride or a gift, as well as provided to their relatives as gifts for the Holiday.

And refers to a vendor that women make up the largest percentage among consumers, followed by youth and elderly of both sexes.

Traders expected the market to continue strong sales as a result of continued social events during the coming period.

She had stopped the price of gold yesterday the first wave of decline during the week and rose about 1%, but still the precious metal is on track for its first weekly loss in eight weeks because investors booked profits after a rise in prices to record highs at 1911.46 dollars per ounce on Tuesday.

And increased volatility by as much as prices fell more than $ 200 for that level, and prices recovered yesterday, rising gold spot trading to 1786.86 dollars per ounce.

Gold prices rose in the local market affected by the rise of prices in the New York Stock Exchange, and the end of the profit-taking operations – selling by investors – and the closure yesterday, Friday, at 1830 dollars an ounce, by the rise amounted to $ 100 an ounce, from the level recorded, yesterday, Thursday, according to Ihab and Asif, Vice President of the Gold Division of the Chamber of Commerce in Cairo, for “the seventh day.”

He expected the descriptor, the continuation of gold in its upward trend during the day of Eid al-Fitr, and record the precious metal, set a new record during trading this week, the New York Stock Exchange for metals, and at the level of the local market is expected to increase demand for people to purchase during the Eid al-Fitr, he said, adding that the price gram 21-carat record 305 pounds, and 18-record 261.4 pounds, while the 24-scored 348.5 pounds, the pound price of gold, 2440 pounds.

The deputy head of gold in Cairo Chamber of Commerce, said the movement of gold sales fell in the domestic market by a sharp 60%, in the waning days of the month of Ramadan, compared to the same period last year, the lowest level of sales in more than 30 years, and by 50%, compared to other months of the year, and that the demand for buying gold bullion and the pound rose by 20%, for investment, and returns the demand for gold rose sharply.

 Finished gold trading in New York yesterday, up again for a second day in a row after he declined to head the Federal Reserve (central bank), U.S. Ben Bernanke to reveal any specific measures to strengthen capital markets and the economy in the United States, making investors hold gold as a safe haven for their investments in light of turmoil financial and economic crisis.
While Bernanke said, speaking before the annual conference of officials of central banks in the state of Wyoming America said that the Council has all the tools needed to promote economic growth, it did not disclose any specific steps away from the interest rate constant at a level close to zero percent with a pledge of the Council on 9 August, the current that it be maintained at this level until 2013 at least.
The course of the rise of gold, which began two weeks ago have been stalled since four days after reaching a record high of 9.1917 dollars per ounce to hit its price steadily declining for 3 consecutive days until yesterday to lose in those days 11% of the price of the former.
   The price of gold in the contracted delivery next December in New York Stock Exchange yesterday by 1.34 dollars per ounce at a rate of 9.1% to 3.1797 dollars. In electronic trading after closing market rate of rise 7.3% to 9.1828 dollars per ounce.
The price of gold continues to rise steadily for 11 years to become the longest period of steady rise of the yellow metal since 1920 at least where investors turned to safe-haven for their money away from the stock market is volatile.Before the week ending the week gold rose over 7 consecutive weeks and the price of gold has increased by 27% since the beginning of the year.

Swept the market, investment and trade in Egypt last week and a new wave of speculative fever sweeping the gold after prices reached historic levels to break through the barrier of the ounce price of $ 1800 in international stock markets. The income of this wave segments of the small investors who do not have enough information about the development of gold prices in the future, but they are motivated by a desire to achieve record profits based on the big jumps witnessed by the price of gold during the last three months, which was close to 25% on average. 

These include slides savers in the banks of the household sector, and entrepreneurs have a limited amount of financial liquidity, as well as a segment of the middle class that had been limited investment in the real estate market through the purchase of residential units, shops, and then re-sell them after a while, where he began They exit out of the real estate market after the long wave of stagnation and deflation in the sector, and entered the gold market, providing purchasing power and the base of investors a wide estimated market experts tens of thousands, mostly concentrated in big cities, especially Cairo and Alexandria and Port Said, Assiut and Mansoura. He joined the large number of these investors who have decided to get out of the stock market after the heavy losses suffered during the past two weeks, where a large number of them to liquidate their securities portfolios to be replaced by gold. 

He says Rafik Abbas, head of the gold in the Federation of Egyptian Chambers of Commerce, said that the craze to invest in gold will last long in the Egyptian market due to the absence of alternatives other investment, especially in these circumstances in the country, and is dominated by the nature of uncertainty and uncertainty at the political or economic It is natural that many people resort to the safe haven that protects their savings and make these savings in their grasp at any moment, particularly as the gold commodity subject to liquefaction at any time, providing flexibility for investors. He says Abbas that there is a global trend for the acquisition of gold, which entered the central banks and sovereign wealth funds, buyer power in the gold market in recent weeks, increasing the demand for the yellow metal, and thus we entered into a geometrical progression is difficult to predict are stopped, as the demand raise prices and increase prices to attract more investors, who make up a new application and the prices continue to rise.

Re gold prices rise again on Friday after the Ascension, who witnessed the world price by about 1% after two days of landing corrective, bringing the pound of gold in the Egyptian market today Bmaigrb of 68 pounds for the record price of 2397.19 pounds versus 2329 pounds, its price yesterday, and grew gram gold 24-about 10 pounds, bringing its price to 342.46 pounds, while the levels of gram 21 carat gold, the most popular and popular among the Egyptians at about 8 pounds to record the price of today’s 299.59 pounds per gram. 
And comment on Sergany – expert jeweler on the performance of the market, saying that rises over the Egyptian market today were the result of high world prices by about 1% of transactions online as a result of leaking some news about supporting the Federal Reserve Bank of the U.S. economy about $ 600 million, while for the sales and purchases in the Egyptian market, have risen relatively as a result of the approaching holidays and season of courtship and marriage is expected to witness a kind of price decline during the next few days in response to the corrective rises are not justified.

Rose gold for the second consecutive day after the chairman pointed Fed “Ben Bernanke” postponed modern Naakec plans to stimulate the economy to a meeting in September next pointing to the possession of the Bank of tools to help stimulate the economy without putting an outline for a third round of mitigation quantification. 

Some analysts believe that the problems and the reasons that pushed gold to rise still remain, and all that done, “Bernanke” is the postponement of the decision-making to the time it deems appropriate. 

The gold futures for December delivery / December had risen to the level of 1784.3 dollars in about six and ten minutes pm GMT after the addition of 1.2% of its total or more than $ 21, while she touched the level of $ 1,800 after the speech, “Bernanke” to coincide with the fall Index “S & P 500″ by 2% before to erase those losses later.