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Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

Yesterday, Bullion traders were in bearish mood with prices of the yellow metal falling around 1 per-cent as fresh speculation of a lift-off in US interest rates before the ending of current year curbed the lure for gold as a store of value

Gold prices have reached across 27000 level again on MCX in Domestic Markets due to surge in global market. Gold is now more safe investment because of strong decline in manufacturing process of China which is six and half years low along with a sharp decline in Indian Equity Market... Read more here- http://www.pinnaclefinancial.in/blog/mcx-gold-tips-bullion-updates-trade/

Bullion tips & updates : Gold futures closed lower in the native market on yesterday as investors and speculators quit their positions in the precious metal as Fed Chair Janet Yellen's remarks overnight in which she signaled that a December interest rate hike was a "live possibility" weighed on the yellow metal which becomes less attractive in a rising interest rate scenario.

bullion tips & updates : Gold steadied after a 5-day slide, but continued to languish about its lowest in last 4 weeks, hurt by fears of a US rate increase current year & investor outflows. The metal tumbled to $1,114.10 on yesterday, the lowest since Oct 2. US(United States) gold futures also slid to a one-month low of $1,113.60 in the previous session.

Bullion tips for today, Gold rose as investors sought safety in the metal following Friday's past week deadly attacks in Paris and a risk-off sentiment that sent United States stock futures lower.

Before Diwali , Gold sets itself to run in a bullish side.After last week's growth,today gold goes beyond Rs 27,000. The 1235 gold dollar in the international market has touched. Meanwhile the silver boom. MCX silver rose 1 per cent and trading at around Rs 39,000.mcx gold However, the decline in crude oil has increased. MCX Crude oil slipped nearly 2 percent and trading below Rs 5200.

Gold prices ended at a seven-month low on Comex , resuming their downward march, as some investors opted to leave the market amid dissatisfaction with the yellow metal's performance. Gold slid 2.3% this past week and is down 12% from its 52-week high of $1,794.10 hit in October. Gold's fall has come amid increased competition from better-performing stocks and as investors worry about the exit of large fund managers like George Soros from the bullion market.... Get Free Commodity Trading Strategies For Today Here- http://www.live-market-tips.com/mcx-gold-tips-and-commodity-trading-strategies-for-today/

Copper recovered and continued it's previous sessions gains on short covering as china's equity shows some positive moment. Gold traded on lower note on European policy maker meeting and on us unemployment data ahead. Investor's concern on fed interest rate increased this month also pressurized gold from highs.... Read more here- http://www.pinnaclefinancial.in/blog/base-metals-tips-energy-updates-sell-bullions-today/

Gold futures extended Friday's gains and were trading higher during late noon trade in the domestic market on Monday asFriday's deadly terrorist attacks in Paris which killed over 130 people, raised geopolitical risks, sapping risk taking appetite, and forcing traders to seek shelter in safe haven assets such as the bullion.

Today, Spot gold was steady but is set to complete the week stuck near its cheapest in more than 5 years as the metal struggles against a stronger USD ahead of a widely expected US rate increase next month.

The yellow metal broke its falling trend as it started rising in the second half of the last week of August 2014. Price of Gold rose for the three days in four sessions of the week which is shocking for jewelers and investors who expected "gold prices to continue the fall till Diwali." There is no need to worry in mid-term considering prices of the commodity since Asian demand stayed low, US currency strengthened and equities surged in the week. Market analysts are waiting for a pointer from European Central Bank (ECB) to add in support to the price of the metal.

During the past week, gold dropped by Rs 725 and settled at 26700. Silver also dropped by Rs 1800 to Rs 34800 per kg. There is a slowdown in overseas prices in both commodities. According to information received from London, spot gold fell 25.01 dollars and set at 1133.30 dollars per ounce. It was biggest decline in last five weeks and and third biggest of this year's..... Read more here- http://www.pinnaclefinancial.in/blog/pressure-on-gold-commodity-tips/

Crude oil slipped to Rs 2900. Gold is trading above Rs 28200 with a gain of 0.5 percent. Silver is trading at Rs 40250 climbed up by 2 percent. Natural Gas has a gain of 4 percent. Copper fell 1 percent and trading at Rs 352.5. Aluminium,lead & zinc has a decline of 0.4 percent. Nickel is trading flat

Gold fell 1 per cent and is trading below Rs 26,450. Silver trades wat Rs 35,800 with a weakness of 1.75 percent. Nickel gains 1 percent to Rs 1010. Aluminum,copper,lead and zinc weakened by 0.4,0.25,0.25 and 0.2. Crude oil slipped 0.6 per cent to Rs 4655. Natural gas fell 0.3 per cent to Rs 273.3.

mcx sx report says that gold future continuous on downside shows weaker trend for this year . The depreciation of Indian rupee against dollar is expected to support yellow metal price in mcx . The gold future trading was down by .61 % to 29676 per 10 gram on 16:08 pm .

Copper fell by 1 percent and trading below Rs 350. Lead is trading with a weakness of 1.5 percent at Rs 113.5 . Zinc fell 0.7 percent and trading at Rs 130.5 . Aluminium is down by 0.5 percent and trading at Rs 114. Gold fell by 0.25 percent and trading at Rs 28000. Silver is flat and trading at Rs 40000.

Gold prices fell nearly 3 percent on Thursday ahead of a Federal Reserve meeting next week at which the central bank is widely tipped to announce it is curbing its bullion-friendly monetary stimulus measures.

In International commodity markets, crude oil has come to its 4 year lowest. The Brent crude was also slipped to $ 88. Despite of weakness in dollar, Gold still

Gold fell 1 percent and trading at Rs 27625. Silver broke by 2 percent and trades at Rs 39200. Crude oil slipped by 1.5 percent and trading at Rs 2800. Copper rose 0.5 percent and trading at Rs 343.25 . Aluminium,nickel,lead & zinc have a gain of 1.75,2.4,1,1.2 percent respectively.