Tuesday, July 28, 2015

investing in gold : Gold continues to fall below $ 1100 per ounce before the Fed meeting

investing in gold : Gold Prices traded without seemed to change the price of $ 1100 per ounce for the day Tuesday, as investors stuck margins ahead of a meeting of the Monetary Policy Council of the Federal Reserve, which runs over two days and is scheduled to begin later in the day.
On the Comex division of the New York Mercantile Exchange fell Gold December delivery rose 1.20 cents, or the equivalent of 0.11%, to trade at $ 1.095.70 per ounce during European morning trade.
A day earlier, gold rose 10.90 cents, or the equivalent of 1.0%, to close at $ 1.096.90 per ounce where reinforced the sharp decline in the Chinese stock markets, the demand for safe haven assets.
Also in COMEX silver September delivery fell 1.5 cents, or the equivalent of 0.1%, to trade at $ 14.59 per ounce.
Investors are awaiting with great interest the statement of the Federal Reserve next Wednesday to see whether policy-makers will do to give any indication about the timing of a rate hike rate.
Gold and exposure to heavy selling pressure in recent months amid speculation that the Federal Reserve may raise interest rates for the first time in nine years at the earliest in September / September
And affect expectations for higher borrowing rates for gold and lead to its decline, as the precious metal is struggling to compete with higher-yielding assets when the price goes up.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, was up 0.22% to hit 96.84 early on Tuesday, rebounding from the lowest price for the day on Monday from 96.36.
Elsewhere in the metals trade, copper September delivery rose 0.8 cents, or the equivalent of 0.35%, to trade at $ 2.362 a pound during morning trading in London. On Monday, copper fell to $ 2.336 a pound, a level not seen since June 2009.
Shanghai fell more than 5% after the opening index, then rebounded to positive territory towards the end of the first half of the middle of the day and then fell slightly again.
The People's Bank of China said in a statement before the market opened on Tuesday he would work to stabilize market expectations. Also inject 50 billion yuan in the market through seven-day reverse repurchase agreements and keep Bmadladtha unchanged at 2.50%.
On Monday, the Shanghai Composite Index fell 8.5%, the biggest decline in a single day since February 2007, amid reports that the purchase of securities has slowed.
Stock markets fell sharply in China earlier this month, forcing decision-makers to intervene and provide measures to boost liquidity and calm investors.
China is the largest consumer of copper in the world, and formed 40% of world consumption last year.
At the same time, formal talks between Greece and international creditors to reach a new Cefqhanqaz continued.
It must be done to reach a new agreement August 20 / August before where Greece must repay more than 3 billion euros to the European Central Bank