+++ Gold Market Report of July 29, 2016 +++
The gold price was this week by the decisions of the major central banks in the United States (Fed) and Japan. After the Fed meeting proceeded without major surprises, the meeting of the Bank of Japan last night was the exciting event. Previously extensive support measures were discussed by the central bank. Indeed, Fed Chairman Kuroda opened the floodgates further and now decided that the purchases of exchange-traded funds (ETFs) on six trillion annually yen (52 billion euros) will be doubled. However, many market participants had expected more extensive measures, for the purchase program of government bonds remained untouched. Therefore, the Japanese yen puts the US dollar by 1.5 percent clearly. Usually correlated a strong yen with a firmer gold price. Gold climbed at night just over 1,340 US dollars, however, noted in the morning almost unchanged at 1,335 dollars .
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+++ Gold Market Report from July 28, 2016 +++
yesterday’s meeting of the US Federal Reserve could lend new impetus to the price of gold after a few weak days. After Fed chief Janet Yellen has commented on the intentions of the central bank, climbed the price of the ounce of gold to the highest level in two weeks. From the day low of 1,316 US dollar rose Gold to currently 1,340 dollars . interest rates were as expected not changed and the US Federal Reserve, the window for a rate hike has held the end of open. Many investors had expected but a more determined attitude of the Fed for an early rate hike. Hence the US dollar was weaker right after the decision and favored the rally in the gold price. He moves mostly opposed to the US dollar, as gold becomes more favorable for the numerous investors outside the dollar area. After the Fed stands tomorrow morning the Bank of Japan with its rate decision in focus.
+++ Gold Market Report of July 27, 2016 +++
A little movement there was recently at the gold Price . He commuted in recent days between approximately $ 1,313 and $ 1,335, last the bottom was tested several times. Currently trading the precious metal to the previous day barely changed in 1318 US dollars . Investors eagerly await the decision by the US Federal Reserve, which will be given tonight at 20h CET known. There is no rate hike expected, but investors pay attention to information about the next monetary policy steps the Fed. As numerous economic data have recently been better than expected, the Fed could justify an early rate hike well and the likelihood of this would rise. That should continue to weigh on the gold price, which has lost about four percent since the year high on July 6. To stress field in which the price of gold is currently moving, but also includes the weak global growth, which would be charged an interest rate increase in the USA. Then gold is likely to be sought as a safe haven again. The sideways movement could therefore still have a while inventory.
+++ Gold Market Report of July 26, 2016 +++
The start to the week fell for the gold Price from behaving. He continued his losing streak continued on Monday and is currently at 1,319 dollars . Before the Fed meeting, investors do not venture out of the cover. In Washington, members of the Federal Reserve come from today together and decide on the future monetary policy. An increase in interest rates is almost impossible, but investors will be watching tomorrow after announcing the rate decision on signals from the Fed in its statement that reveal something about a possible rate hike this year. Analysts expect after a Reuters poll majority with a rate hike in December. This prospect burdened tended the price of gold, as the precious metal does not generate interest income and is therefore at a disadvantage compared to other asset classes such as bonds.
+++ Gold Market Report of July 25, 2016 +++
gold Price ended the last week with the second weekly loss in a row. Currently ounce to 1,318 dollars is traded. The next important support extends to the circular mark of 1300 dollars. Next week, the banks are in the focus of investors. The Federal Reserve announced on Wednesday its rate decision. Currently, it is not expected due to the weakening US economy with an increase in the policy rate. Investors should however look for clues on the next monetary policy steps. By contrast, the Bank of Japan on Friday easing steps in the form of interest rate cuts or additional bond purchases expected. If the Japanese disappoint, the yen is likely to be strengthened, which will probably have a positive impact on the gold price. The pair US dollar / Japanese yen in recent years a driving force in the equity markets and also had an impact on the commodities sector. Since the beginning of the Japanese yen recovered from its long-term downward movement. During this time, gold rose significantly.
+++ Gold Market Report of July 22, 2016 +++
Gold Price continues its consolidation phase and oscillates around the 1,330 US dollars per troy ounce. Currently the precious metal traded slightly lower at 1,327 dollars . Market participants take a wait and see attitude, because stop 15 central banks around the globe meetings next week and will take decisions on interest rates. Most importantly, the meetings of the US Federal Reserve and the Bank of Japan will be, which meet on 27 or 29 July. After the ECB could not meet at its meeting yesterday, the expectations for monetary stimulus, worry investors that Japan will hold back. In the US, it is also likely to be no interest rate in July, but unlike Japan and Europe increases the likelihood of a rate hike in September, after the latest economic data have failed robust. This means headwind for the gold price, which could continue its consolidation phase.
+++ Gold Market Report of July 21, 2016 +++
The gold Price has fallen to its lowest level on Wednesday for three weeks. Currently ounce to 1317 US dollars is traded. Analysts point to a consolidation phase after a so far very positive year. From chart technical point of view the course area around 1300 US dollars an important support zone is why here with reinforced interest of buyers is expected. This week, the risk appetite of investors loaded the precious metals. The Dow Jones industrial average climbed to a new record high. The corporations in the US and Europe have so far show pleasing quarterly results in the current reporting season. Today, investors will however pay particular attention to the ECB meeting. While it is not expected to change in the interest rate – from speech Draghi is hoped, however, indications on how to proceed in its “unconventional monetary policy”.
Gold buying: These pitfalls to be avoided
(07/21/2016) – The gold price rise in the past few months now interested many investors for gold, which previously did not dare , The business section of t-online.de calls the seven biggest mistakes that can make savers when buying gold. – Click here for the article
Source: Ophirum
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