Forex Pros - Gold futures traded in a narrow trading on Thursday morning as investors awaited the outcome of a meeting of the Central Bank amid expectations for new stimulus measures work.
On the Comex division of the New York Mercantile Exchange, the futures trading of gold for October delivery at 730.15, $ 1 per ounce during European morning trade, shedding 0.05% dilution.
Prices traded in a narrow range at 1, 728.85 dollars an ounce, the lowest price for the day and the highest price for the session at 732.95, $ 1 per ounce for ounce.
Gold rose at 746.55, $ 1 an ounce on Wednesday, its highest price since February 29.
Gold prices were likely to find support at 688.85, $ 1 per ounce, the lowest price since 6 September and near-term resistance at at 761.85, 1, the highest price since $ 21 February.
Market awaits the results of the Fed meeting policy later on Thursday, amid speculation that the U.S. central bank may implement a third round of quantitative easing.
Ruling paved the way for German president to ratify the European Stability Facility certain circumstances, allowing the ECB to buy bonds and move forward.
The German court said that the amount allocated to the facility must not exceed 190 billion euros, without the consent of the House of Representatives in Parliament, and said that it should remain the People's Assembly and the Shura informed of Belkrarat the Financial Stability Facility.
And track movements in the price of gold this year largely transform expectations about whether the U.S. central bank to pump more money into the financial system.
The dollar extended losses after Moody's warned of evaluations on Tuesday it might reduce the rating to a trio if negotiations did not result in budget year 2013 measures to help reduce the country's public debt. .
And track the movements in the price of gold this year largely transform expectations about whether the U.S. central bank will pump more money into the financial system.
Gold rose 15% in earlier this year to record USD1, 790 dollars an ounce after announcing that the Federal Reserve in January it will keep interest rates near zero until at least late 2014, referring to the possibility of a second round a new round of purchases assets.
However, prices fell by 5% in prices since late February, while the Fed failed to achieve more and easing amid fears of a worsening debt crisis in the euro zone, which has fueled demand for the precious metal, and the U.S. dollar.
Gold prices often move inversely to the U.S. dollar, where the gold becomes less expensive for buyers using other currencies.
Elsewhere, Comex silver for December delivery fell 0.7% to trade at 33.06 dollars a Ansh, while copper fell for December delivery rose 0.35% to trade at 3.679 Dolarlertal.
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