Gold prices fell and consumer sentiment data United States ( U.S. ) which has pushed investors back eyeing the U.S. dollar . The U.S. central bank ( the Fed ) shows the signal will attract monetary stimulus program in early 2014 . Stimulus
in the form of monthly bond purchases worth U.S. $ 85 billion, aims to
encourage the recovery of the U.S. economy by pushing long-term interest
rates .
Gold futures for February delivery on the Comex Division of the New York Mercantile Exchange ( NYMEX ) fell 0.2 % to U.S. $ 1,239 per ounce . Gold is trading at the lowest level of U.S. $ 1,237.5 per ounce and the highest label U.S. $ 1,254.1 per ounce . The U.S. dollar rose responding report that says the University of Michigan consumer sentiment index as a whole was revised up to 75.1 in November from an initial estimate of 72 .
Meanwhile , the U.S. Labor Department reported the number of Americans filing initial claims for unemployment benefits last week fell by 10 thousand to two-month low to 316 thousand people . Economists had predicted there would be an increase of 4,000 claims .The jobs data was released one day earlier because before the Thanksgiving holiday in the U.S. . Positive report is offset ordering data on U.S. durable goods were down 2 % in October . That figure is lower than expected 1.9 % decline . Bright U.S. economic data will bring the Fed will withdraw monetary stimulus in early 2014 and put an end to policies that have supported the price of gold for over a year .
Gold is a high demand from Asian markets remains one of the factors driving gold prices are in a phase of particularly sharp rise in gold demand from Asian markets . The first half of 2013 , we see the flow of about 800 tons of gold bullion is exported to Asia .Meanwhile , the same inverse demand is also reflected in the form of stock holdings of gold , receded in the West and European markets . Speaking of India , where the current government is trying to get people to reduce their purchases of gold . India is the world's largest gold consumer .
Inflation is still slow still will make gold as a hedging tool . Post- 2008, the gold to be excellent , slowly but surely , into the case of some economists . Inflation and repeating pattern has come back on the market . History tells us that the direct relationship between inflation and the price of gold , very dominant . If we look at the current market trends it seems inflation is still silent and potentially will affect the price of gold .
On Wednesday the movement , opened the gold trade in the range of USD 1241.10 per troy ounce . Since the opening of the market , gold briefly rose against the dollar to move up to the highest daily price in the range of USD 1254.62 per troy ounce . Gold is not able to maintain its gains by moving down to the lowest daily price in the range of USD 1235.96 per troy ounce . Finally, the movement of gold in the cap in the range of USD 1237.13 per troy ounce . The movement of gold to get losses against the dollar as much as USD 3.97 .
In Indonesia , the price of the precious metal gold miner PT Aneka Tambang Tbk ( Antam ) at the beginning of this week has decreased . As quoted from the site of precious metal , Monday ( 28/10/2013 ) , the smallest gold prices sold at Rp 530,000 per gram , down by $ 6,000 per gram over the weekend trading . Antam precious metals all sizes available . While the price of the purchase (buyback ) for every gram of gold products Antam set at 460,000 per gram , down by $ 5,000 per gram compared to trade over the weekend .
Here the price of gold bullion Precious Metals Antam sold today:
Denomination 1 gram : Rp 530,0005 grams Denomination : USD 2.505 million10 grams Denomination : USD 4.96 million25 grams Denomination : USD 12.325 million50 grams Denomination : USD 24.6 million100 grams Denomination : USD 49.15 million500 grams Denomination : USD 245.3 million
Gold futures for February delivery on the Comex Division of the New York Mercantile Exchange ( NYMEX ) fell 0.2 % to U.S. $ 1,239 per ounce . Gold is trading at the lowest level of U.S. $ 1,237.5 per ounce and the highest label U.S. $ 1,254.1 per ounce . The U.S. dollar rose responding report that says the University of Michigan consumer sentiment index as a whole was revised up to 75.1 in November from an initial estimate of 72 .
Meanwhile , the U.S. Labor Department reported the number of Americans filing initial claims for unemployment benefits last week fell by 10 thousand to two-month low to 316 thousand people . Economists had predicted there would be an increase of 4,000 claims .The jobs data was released one day earlier because before the Thanksgiving holiday in the U.S. . Positive report is offset ordering data on U.S. durable goods were down 2 % in October . That figure is lower than expected 1.9 % decline . Bright U.S. economic data will bring the Fed will withdraw monetary stimulus in early 2014 and put an end to policies that have supported the price of gold for over a year .
Gold is a high demand from Asian markets remains one of the factors driving gold prices are in a phase of particularly sharp rise in gold demand from Asian markets . The first half of 2013 , we see the flow of about 800 tons of gold bullion is exported to Asia .Meanwhile , the same inverse demand is also reflected in the form of stock holdings of gold , receded in the West and European markets . Speaking of India , where the current government is trying to get people to reduce their purchases of gold . India is the world's largest gold consumer .
Inflation is still slow still will make gold as a hedging tool . Post- 2008, the gold to be excellent , slowly but surely , into the case of some economists . Inflation and repeating pattern has come back on the market . History tells us that the direct relationship between inflation and the price of gold , very dominant . If we look at the current market trends it seems inflation is still silent and potentially will affect the price of gold .
On Wednesday the movement , opened the gold trade in the range of USD 1241.10 per troy ounce . Since the opening of the market , gold briefly rose against the dollar to move up to the highest daily price in the range of USD 1254.62 per troy ounce . Gold is not able to maintain its gains by moving down to the lowest daily price in the range of USD 1235.96 per troy ounce . Finally, the movement of gold in the cap in the range of USD 1237.13 per troy ounce . The movement of gold to get losses against the dollar as much as USD 3.97 .
In Indonesia , the price of the precious metal gold miner PT Aneka Tambang Tbk ( Antam ) at the beginning of this week has decreased . As quoted from the site of precious metal , Monday ( 28/10/2013 ) , the smallest gold prices sold at Rp 530,000 per gram , down by $ 6,000 per gram over the weekend trading . Antam precious metals all sizes available . While the price of the purchase (buyback ) for every gram of gold products Antam set at 460,000 per gram , down by $ 5,000 per gram compared to trade over the weekend .
Here the price of gold bullion Precious Metals Antam sold today:
Denomination 1 gram : Rp 530,0005 grams Denomination : USD 2.505 million10 grams Denomination : USD 4.96 million25 grams Denomination : USD 12.325 million50 grams Denomination : USD 24.6 million100 grams Denomination : USD 49.15 million500 grams Denomination : USD 245.3 million
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