On the New York Mercantile Exchange Comex division, Thursday (28/1/2010) local time, February delivery gold prices closed 0.08 percent lower at 1083.60 U.S. dollars per ounce.

While in Hong Kong, Friday morning, precious metals prices fell to a position opened 1.086,00-1.087,00 U.S. dollars per ounce, cheaper than the closing 1.089,50-1.090,50 Thursday in U.S. dollar positions.

Investors hunt for the precious metal back to its price down quite a lot last week. However, investors remained wary of the meeting of Federal Open Market Committee (FOMC), which will determine its benchmark interest rate the U.S. central bank said on Wednesday (27/1/2010) later.

Last Friday gold prices had fallen to touch 1081.90 U.S. dollars per troy ounce, its lowest level in five last week. The reason is the market concerns of President Barack Obama’s plan to limit movement of financial institutions in commodity exchanges. “Actually, the market is not too interested in determining the interest rate the Fed,” said Louis Lok, senior dealer at Bank of China Hong Kong.

According to him, the gold price will move in the range of 1085-1110 U.S. dollars per troy ounce until the Fed announces its reference interest rate. Correction that occurred in last week to investors hunt for gold again.

The price of gold contracts for delivery in February 2010 in the United States rose 0.6 percent to 1101.70 U.S. dollars per troy ounce compared with the previous in Comex, the New York Mercantile Exchange (NYMEX) which for 1095.70 U.S. dollars per troy ounce.

Other precious metals prices, such as platinum and palladium, joined terkerek gold prices. The price of platinum in the cash market to reach U.S. $ 1556.50 per troy ounce and palladium 440 U.S. dollars per troy ounce.

The decline that had occurred in the gold market looks at the gold stock of SPDR Gold Trust GLD is an exchange-traded fund based on the world’s largest gold. As of January 26, 2010, gold stock owned SPDR Gold Trust GLD position has not changed from January 25, 2010, which is 1111.92 tons

“For moms who love to collect gold, it’s time to buy gold because the price is going down,” said Head of the Central Statistics Agency (BPS) Rusman Heriawan said in Jakarta on Monday (1/2/2010), when the monthly report on inflation, exports, imports, and economic indicators other.

BPS report shows, from the 66 cities surveyed during January 2010, no one city or any district that experienced deflation. However, BPS was noted that some commodities are falling in price, ie, orange, gold, chicken meat, or eggs.

“As usual, the fruit is always a major factor of deflation. We also recorded a deflation in the clothing commodity groups,” said Rusman.

BPS has not seen any impact of the realization of the Free Trade Agreement China-ASEAN (CAFTA) which causes lower clothing prices. On that basis, the price of clothing is expected to further come down when CAFTA was implemented starting January 1, 2010.

“If the FTA before it is deflation, the clothing could have deflation in February 2010,” said Rusman.

Clothing by a deflation in January 2010 of 0.2 percent. Commodities that contributed to the deflation of personal items and clothing are gold jewelry, which is 0.04 percent.

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As reported by the AFP, Tuesday (24/11/2009), price of gold on Monday (24/11/2009) local time, jumped to USD1.174 per ounce in late trading on the London Bullion Market. But a moment later, the price of gold back down to the level of USD1.170, 32 per ounce.

“Gold reached a new level, as the decline in the dollar rekasi continuing,” said analyst ODL Markets in a note to clients.

One dealer said the dollar slipped against the euro on Monday over here, over concerns that the Federal Reserve will maintain an emergency stimulus measures.

In addition, the Bank of America through representatives StLouis James Bullard also said that the Fed should continue the rescue program bad credit (mortgage), which will end next March. This will impact on the preservation of the level of interest rates.

“Central Bank of positive thinking to the program, especially to encourage the dollar lower,” said analysts at the company’s online trading Forex.com Jane Foley.

Kazuhiko Saito, chief analyst at Tokyo Fujitomi Co Ltd, said that for a lower dollar to support gold, precious metals, heavy signs. Gold has lost some of its actions as a safe harbor … and there is no longer an attractive investment instrument, he said. Layer of investment funds in gold, he says, has been a drop of gold-backed Exchange Traded Funds, as a general decline since June. Dealer Gold said in May with a strong resistance at $ 960, a level that the market is not able to top since the beginning of June. Or was 954.00 $ a oz at 06:00 GMT, 0.02% after fictional New York close of $ 955.55.

The largest gold-backed exchange-traded fund, the SPDR Gold Trust GLD, said the investment amounted to 1072.87 tons, unchanged from August 3 since July 29. More than 5% to touch, as does a record 1134.03 on June 1 U.S. Gold Futures delivery for the month of December also eased 0.2% to $ 954.70. In Vietnam, gold rose VND30, 000 per tael said Tuesday Saigon Jewelry Company, also known as SJC. The price of SJC gold in Ho Chi Minh City on Tuesday to VND21, 24 million per TaEL, or $ 1034 grams, and VND21.26 million in Hanoi. A TaEL is equivalent to 1.2 g.

The dollar near the lowest level this year against a basket of currencies Tuesday after stubborn global equities and positive economic data around the world hope for economic recovery and strengthening of investor risk appetite. United States rose on Monday, the pressure on the S & P 500 in 1000 for the first time in nine months, given that industry data underscores the optimism that the economy improves. The event in Tokyo the Nikkei average rose to its highest point in 10 months Tuesday. Platinum near New York on Monday to close at $ 1232.50 per ounce, helped in part by the strong performance of the metals industry.

Saito said the platinum, the prospects were not as bright as other metals such as industry was probably the demand for platinum, such as electric cars and other environmentally friendly vehicles start. These emissions do not need cars without catalytic converters for vehicles emissions by over 50% of global demand for platinum. Platinum is also in the jewelry, a sector where demand is low.

If, we take a look on gold in recent weeks, we can see that it is out of service because there is approximately $ 950 exchange. But we must also think that there are no new messages, the fire. It is therefore not surprising that the dollar and oil prices fell, and therefore the price of gold. Then, as suddenly the price of oil higher, gold from a few dollars. In this case, what you are. If you’re a dealer or an investor? You must consider that trade is not investing. Short term trading is one thing. To indicate a position in anticipation of the fast. This can be 30 seconds to 3 months depending on the strategy. Investment is a long-term, usually lasting years. Once you’ve determined what you are, as it is easier with these price fluctuations. If you are an investor, then the price of $ 50 are of little importance. If you are a merchant and leveraged products with term instruments, such as gold, then moves, the price can be very profitable and can be huge losses, when they are not for the money management rules.

Last week, we, as U.S. stocks rise, sending the Dow Jones Industrial Average since 9000 for the first time since January, after several companies indicated that profits peak and estimates of analysts countries, the figure of business has increased more than expected. Gold is 8% this year, won silver and 22% is. Gold Investment Digest, published by the World Gold Council, the striking aspect of the analysis of gold for the second quarter showed a slowdown in investment incredible demand during the quarter. Demand for gold investment with a big drop compared to its previous level, but remained positive. For the second quarter, Gold ETF, the influx of 46 tonnes. In comparison with the influx of 459 tonnes in the first quarter.

Jewelry demand down. Traditionally, India is the largest consumer of gold in 2008, 501.6 tons of demand for jewelry. But during the first quarter 2009, significantly Inde’s Gold purchases by 52%. But there are signs that Indian demand recently, especially because the country at the head of the festival season. In addition, the Board of the IMF recently with the Director General’s proposal of a new general allocation of SDRs, $ 250 billion, more than $ 18 billion, a stronger external reserves of countries low income. If the Executive Board of the proposed SDR allocation is made at the end of August.

The IMF has tentatively sell about 403.3 tons of gold to raise funds for more loans to poor countries. A voice of the 186 countries were expected before the IMF meeting in Istanbul in October, and the support of 85% of members. The sale was all the time in the agreement between central banks and may be two to three years are for sale. Negotiations on the new Central Bank Agreement on Gold sales in October is complete. The last 5 years is the Treaty in September.

The chart above shows that the gold trade in the area of $ 880 / $ 905 and $ 950 / $ 965, with the important resistance at $ 1000 if gold is fake, a tendency to break, as long-term investor would be wise to remain neutral on the current level, either as a merchant and then I would not trade Break-out, but buy on the promotion and sale of closeness to the resistance. For example, buying gold (GCV9) $ 888.00 $ 903.00 with a stop. The risk would be $ 1500.00 to a size of $ 498.00 on a mini gold contract. Target $ 950. The edges of the pressure on the South African Gold-shares at the beginning of good prices. However, given that South Africa is now the third largest gold producer in the world after China and the United States, investors in South Africa, village settings and change some of their American partners Canadian and Australian gold mines. Taking into account a portfolio of precious metals is not completely without gold or gold coins, where the “rare” gold coins sold exorbitant premiums. Gold Market can offshore funds. If storage is a problem, then a gold medal for Exchange Traded Fund.

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