Metals market: Gold and Copper prices fluctuate depending on US data
05.08.2013 15:16
YEREVAN, August 5. /ARKA/. Last week gold trading was marked by considerable volatility because of a string of important events which could change the mood of investors. The U.S. economic data was inconsistent. The initial assessment of the U.S. GDP level in the second quarter exceeded the expectations of investors, while the news from the labor market was mixed: the unemployment rate fell to 7.4%, but the data on the number of new jobs in the non-agricultural sector disappointed market participants.
Regular meetings of the Federal Reserve and the European Central Bank (ECB) brought no surprises. The American regulator did not revise the interest rates, while purchases of securities n the U.S. still continues in previous levels because of high unemployment level despite the improving situation in the labor market. The ECB also preserved its monetary policy, after Mario Draghi made it clear that the super soft monetary policy will continue for a long time. As a result, after significant fluctuations the price of gold fell by 1.48% to 1310.97 U.S. dollars per troy ounce. The gold dynamics this week could be affected by economic data from the U.S. and the eurozone.
A string of important news is expected this week from China, which can also affect the price of gold, as China is one of the largest consumers of this metal. We would like to remind that Chinese economy has been experiencing a slowdown, so gold market may pay attention to its macro data.
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Metal market: gold and copper prices vary, meetings of U.S. and european regulators in limelight
29.07.2013 14:08
Gold prices were rising from 22 to 26 July amid optimism after the Federal Reserve announced it was not planning to decrease the purchases of securities at the open market
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Metal market: gold and copper quotes prone to moderate upturn
23.07.2013 16:13
Gold quotes were teetering from 15 to 19 July and macroeconomic statistics was supporting the gold quotes
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Metal market: Gold and Copper prices May down, U.S. federal reserve’s protocols are in limelight
09.07.2013 16:02
Gold quotes dropped last week pressured by the concerns of the dealers about quantitative stimulus program’s terms. This asset appeared to show a three-week non-stop negative dynamics
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Metal market: Gold and Copper quotes remain vulnerable
03.06.2013 15:09
Gold prices were mostly climbing last week, however, no definite dynamics was reported. The highest increase was demonstrated in the middle of the week after the USA released its macroeconomic statistics which highlighted US economic slowdown. According to the statistics, the U.S. GDP in the first quarter rose by 2.4% whereas last month it was anticipated at 2.5%. Moreover, weaker than expected labor statistics from America drove the investors to calm down around the quantitative stimulus program terms
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Metal market: gold and copper prices drop, U.S. Federal Reserve’s protocols are in limelight
20.05.2013 16:20
The gold quotes were pressured last week as the investors were more risky amid a record high jump of the American stock indices
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Metal market: gold and copper prices were not stable
13.05.2013 17:16
We didn’t note again any stability in the dynamics of the gold prices over the past five trading days. Most of the time, the investors were restricting themselves as the better than forecasted U.S. labor statistics
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Metal market: gold and copper prices down losing investment support
22.04.2013 18:09
Last week gold prices tumbled to record low 1,320.84 USD per troy ounce over the two years. Most severely they fell on Monday, April 15
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Gold and Copper quotes tumbled amid concerns around stimulus measures
25.02.2013 16:23
Gold prices continued tumbling over the past five trading days as hopes for asset procurement program to last were fading away. The reason was the minutes of the last meeting of the US Federal Reserve System. According to the minutes, some US regulator
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Metals market: Gold and Copper quotes tumble
18.02.2013 18:07
Gold prices sharply tumbled over the past five trading days as investors were getting more prone to risky assets. Moreover, the limited physical demand amid holidays in Asia and no vivid growth catalysts didn’t cast any optimism burying gold market in further uncertainty
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