With the help of a forex platform, you can trade in gold after knowing the gold trading price. In recent years, there has been a sudden increase in gold investing, especially through the forex market. Gold can be traded against other currencies and most especially the US dollar. You can trade from the comfort of your own home, just by logging in and if I wish to trade in gold, I can use the website as the trading platform or a forex platform.
There is also a possibility of increasing your investment and thereby increasing the total financial benefits… Continue reading
There are many options for those who wish to sell gold. The internet especially offers plenty of websites where you can find several companies, who are ready to buy gold coins, jewelry, scrap gold and so on. However, one has to be careful, as some of the companies may not be legitimate and might cheat you or scam you.
One must look out for companies that have a good reputation for buying gold, while searching where to sell gold. There are many premium gold buying sites on the internet and they are usually given accreditations, such as A+, A… Continue reading
Some people like to buy and sell gold on a regular basis as a form of investment. This is different from some others who just want to sell a particular piece of jewelry or some old coins. In the latter case, you may be in need of urgent cash for an emergency and would like to know how to sell gold in order to make a good profit when the gold price is high.
If you are wondering how to sell gold, it depends on the kind of gold that you possess. If your gold is in the form… Continue reading
Gold rises at end of week despite negative sentiment
Gold closed the week at $ 1661.30, a fraction better than last week’s closing level of $1659.30.
Though global economic news came in mixed this week, with the United States mixed, though more positive than elsewhere, sentiment seemed to turn against gold with the yellow metal hitting a ten-week low of $1628 on Thursday before recovering to post a modest gain on the week.
Poor manufacturing indicators from China and… Continue reading
Gold Falls to Lows as Focus turns to Equities
Gold closed the week at a multi week low of $1659.30, down more than 3% on the week..
Economic news throughout the week was generally good in the United States, meaning that investor focus has once more turned to equities. Indeed, America’s major equity indices rose by around 2.5%, recording three and four year highs, with the Nasdaq recovering to levels not seen since the fourth quarter of 2000.
Though… Continue reading
Gold Bounces from Technical Support and Consolidates
Gold closes the week almost unchanged from last week’s close, at $1713.20.
Gold was chased lower in the middle of the week as investment markets plunged with rumors that the Greek debt swap for private creditors had fallen apart. Such an event would have caused the country to miss deadlines for its $130 billion bailout funds, and sent the indebted nation into default. However, Thursday saw the deal accepted by 83% of creditors… Continue reading
Gold struggles to remain above $1700
Gold closes the week down 3.4% at $1711.80.
Having spent the beginning of the week marking time, gold was hit hard on Wednesday as the US Fed Chairman, Bernanke, dampened speculation for further monetary easing. Elsewhere, mixed economic news should have proved the catalyst for further gains in the gold price.
While the Greek bailout has been sealed, the EU awaits certain assurances before releasing the full €130 billion. This said, with figures last week showing the European… Continue reading
Gold Consolidates above $1700 as Greece signs up to austerity and US growth continues
With US economic news seen as more positive for stocks as the month opened, gold struggled to maintain its early year momentum, though doveish comments from the US Fed Chairman, Bernanke, sandwiching the trading month has helped sentiment for the medium term outlook for gold in a thin market.
Bernanke has reiterated that problems in the US economy remain, and that the Fed sees danger from the European sovereign debt situation… Continue reading
Equity Markets Mixed, Gold Rallies in Subdued Market
Gold tracked sideways for most of the week, as better than expected economic figures from the United States was tempered by nervousness over the Greek debt and austerity package.
Better than expected retail numbers from the US, which showed a pick up in sales during January, and lower than expected weekly jobless claims on Thursday failed to take away European gloom as figures showed UK employment prospects weakening. Though street riots and demonstrations in Athens had abated… Continue reading