Trading Gold/USD - page 2

To add comments, please log in or register
barnix
1310
barnix  

1.

GOLD Down => OIL Down

Files:
gold4.gif 19 kb
barnix
1310
barnix  

2.

GOLD Down => OIL Down

Files:
gold5.gif 18 kb
barnix
1310
barnix  

3.

GOLD Down => OIL Down

Files:
gold6.gif 16 kb
barnix
1310
barnix  

http://www.technicalindicators.com/gold.htm

What influences the gold price?:

A constant issue in the gold market is what influences the price. Most people logically believe the supply and demand figures in the physical gold market will determine the price.

However, the futures market in New York is the single largest place in the world where more gold contracts are traded than any other. The price at which the physical gold changes hands, in almost all cases, depends on the price at the New York exchange. Practically all gold bullion and gold coin dealers will base the price of their transactions on this price.

Therefore, the supply and demand at the NY exchange is probably the single most important factor (at least in the short term) in determining the outlook for the gold price. We can see large changes in the supply or demand in the physical market, but if the price does not first change at the exchange it is not likely to change the price of the physical gold.

Of course, in the longer term, supply and demand in the physical market will cause the futures market to change accordingly, but significant and sustained changes in the physical gold market are few and far between.

barnix
1310
barnix  

1.

GOLD FUTURES price in NEW YORK --> Down

2.

Physical Gold price --> Down

3.

USD inflation --> Low

USD --> Strong

4.

OIL --> Down

barnix
1310
barnix  

GOLD RESERVES

1 United States -- 8,133.5

2 Germany 3,427.8

3 IMF 3,217.3 International Monetary Fund

4 France 2,892.6

5 Italy 2,451.8

6 Switzerland 1,290.1

7 Japan 765.2

8 Netherlands 722.4

9 ECB 719.9 European Central Bank

10 China, Mainland 600.0

11 Spain 493.3

12 Taiwan 423.3

13 Portugal 407.5

14 Russia 386.6

15 India 357.7

16 Venezuela 357.4

17 United Kingdom 311.3

18 Austria 307.5

19 Lebanon 286.8

20 Belgium 227.7

21 Philippines 187.9

22 BIS 185.3 Bank for International Settlements

23 Algeria 173.6

24 Sweden 155.4

25 Libya 143.8

26 Saudi Arabia 143.0

27 Singapore 127.4

28 South Africa 123.9

29 Turkey 116.1

30 Greece 107.9

31 Romania 104.9

32 Poland 102.9

33 Indonesia 96.5

34 Thailand 84.0

35 Australia 79.7

36 Kuwait 79.0

37 Egypt 75.6

38 Denmark 66.5

39 Pakistan 65.3

40 Kazakhstan 58.6

barnix
1310
barnix  
barnix
1310
barnix  
barnix
1310
barnix  

Gold Market Interventions

http://www.gold-eagle.com/editorials_05/speck102706.html

Clearly visible is the price decrease at the time of the London afternoon fixing.

Files:
barnix
1310
barnix  

GOLD M30

NortFinance

GMT+2

Files:
gold7.gif 22 kb
To add comments, please log in or register