Latest Gold Price, Steel Price from Metalsalloy.com Blog -

Posts Tagged ‘Gold Sale’

Gold, Nonferrous Metal, Nonferrous Metals Prices

April 28, 2011

Live Spot Gold for 28 Apr 2011

Tags: , , ,

Bid/Ask 319.52 319.73
Low/High 318.94 320.77
Change +0.27 +0.09%
30daychg +22.97 +7.75%
1yearchg +76.00 +31.21%

Gold, Metal News, Nonferrous Metal, Nonferrous Metals Prices

March 30, 2011

Live Spot Gold for 31 Mar 2010

Tags: , , ,

Bid/Ask 300.09 300.30
Low/High 296.98 301.25
Change +0.44 +0.15%
30daychg +3.09 +1.04%
1yearchg +67.89 +29.24%

Gold, Nonferrous Metal, Nonferrous Metals Prices

December 28, 2010

Live Spot Gold for 28 Dec 2010

Tags: , , ,

Bid/Ask 295.85 296.08
Low/High 295.34 296.70
Change +1.04 +0.08%
30daychg +5.28 +0.39%
1yearchg +59.98 +5.42%

Gold, Nonferrous Metal, Nonferrous Metals Prices

November 26, 2010

Live Spot Gold for 26 Nov 2010

Tags: , , ,

Bid/Ask 292.75 292.96
Low/High 292.43 293.78
Change -1.24 -0.09%
30daychg +9.47 +0.71%
1yearchg +37.82 +3.17%
clomid, synthroid, zithromax, accutane, celebrex
cytotec online

Gold, Metal News, Nonferrous Metal, Nonferrous Metals Prices

October 27, 2010

Live Spot Gold for 27 Oct 2010

Tags: , , ,

Bid/Ask 1327.10 1328.10
Low/High 1318.20 1345.40
Change +2.10 +0.16%
30daychg +32.50 +2.51%
1yearchg +287.50 +27.65%

Gold, Nonferrous Metal, Nonferrous Metals Prices

May 31, 2010

Live Spot Gold for 31 May 2010

Tags: , , ,

Bid/Ask 1220.20 1221.50
Low/High 1210.50 1223.20
Change +4.00 +0.33%
30daychg +40.90 +3.47%
1yearchg +240.60 +24.56%

Gold, Nonferrous Metal, Nonferrous Metals Prices

April 26, 2010

Live Spot Gold for 26 Apr 2010

Tags: , , ,

Bid/Ask 1156.20 1157.20
Low/High 1149.90 1161.10
Change +3.20 +0.28%
30daychg +49.50 +4.47%
1yearchg +243.20 +26.64%

Gold, Nonferrous Metal, Nonferrous Metals Prices

March 22, 2010

Live Spot Gold for 22 Mar 2010

Tags: , , ,

Bid/Ask 1107.70 1108.70
Low/High 1104.60 1109.80
Change -0.20 -0.02%
30daychg -10.00 -0.90%
1yearchg +154.50 +16.22%

Gold, Nonferrous Metal, Nonferrous Metals Prices

February 20, 2010

IMF Announced to Block the Gold Bullion

Tags: , , ,

It was reported that the International Monetary Fund sold 200 metric tons of gold to India last year for about $6.7 billion. All told, the IMF has sold some 212 metric tons of gold to central banks since September 2009 out of a total authorized 403.3 metric tons. That is about one-eighth of the IMF’s total gold holdings.

The IMF has announced that it would sell the remaining 191.3 metric tons on the open market. The sales will be phased to avoid disrupting the gold market. The announcement caused a sharp dip in spot gold prices this morning, to under $1,100 per ounce on the London market. Prices have recovered since then to about $1,119 per ounce.

The IMF is selling the gold to accomplish two goals. First, the IMF is using the proceeds of the sales to establish an endowment that it will use to produce income to cover its administrative expenses. Second, to generate more resources to fund a $17 billion loan fund for low-income countries, primarily Africa, that have suffered the most from the global financial crisis.

The World Gold Council has reported that demand for gold fell by 11% worldwide in 2009, while prices were up 12%. In the fourth quarter of 2009, gold averaged $1,099.63 per ounce, up 38% from the same period a year ago.

The growth in gold demand came mainly from ETFs like SPDR Gold Shares (GLD), iShares Comex Gold Trust (IAU) and PowerShares DB Gold (DGL). ETF demand for gold in 2009 topped 594 metric tons, up 85% from 2008. Almost half that growth came in the first quarter, when everyone thought the world was going to hell in a handbasket and piled into gold. By the fourth quarter, demand from the ETFs had fallen to just 31.6 metric tons.

Going forward, if the economic recovery falters, gold will once again play its role as a safe haven. If the recovery strengthens, gold will assume its role as an inflation hedge. Either way, the demand for gold is likely to increase.

The IMF’s gold sales are not likely to have much impact, either long-term or short-term on the spot price of gold. The dollar value is just too small. Sure, 191 metric tons sounds like a lot, but it’s probably only around $6 billion worth of gold. That just isn’t enough to swing the gold market much one way or another.

Gold, Nonferrous Metal, Nonferrous Metals Prices

February 19, 2010

How to Trade Gold?

Tags: , ,

It’s hard to believe so when some of the smartest and wealthiest financial investors keep buying it. Gold being a tangible asset not a paper one is considered to be valuable in times of declining paper assets.

Exchange traded funds offer a way for investors to purchase shares without taking delivery on gold bullion.  There is no need to worry about storage.  You could sell these shares at another time back to the market place. Another way to invest in gold is to purchase call option contracts.  These financial instruments offer a tremendous amount of leverage with a limited risk.  Using the leverage is a way to maximize your returns.  Just like ETFS, there is no obligation to take delivery.  Acquiring a financial option specialist can help you trade gold option contracts.  HB Group can be very helpful with their experience and knowledge with these financial instruments.  You could visit them at www.hbgroupintl.com

Multibillion dollar investments are being made in gold today.  Only one could think that the prices are still relatively low.  Most investment portfolios do not have Gold in them.  With today’s investment gold rush, a shift of portfolio funds may cause prices to jump to $1300.

Page 1 of 212»