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Gold in global markets on Friday reached a five-year low. In New York, the price fell to 1129.60 dollars per ounce. It is at its lowest level since April 2010 gold now. The effect of this decline on the domestic market grew. Gold has reached a five-year low. Standard gold prices declined by Rs 150 trading at Rs 25950 per 10 gram..... Read more here- http://www.pinnaclefinancial.in/blog/mcx-tips-china-gold-reserve-gold-trend/

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/

Silver was up 0.2 percent at $1,169.26 an ounce. The number of Americans filing new claims for unemployment benefits rose only modestly last week, indicating the labor market remained on solid footing despite slowing economic growth. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 291,000 for the week ended March 14, the Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims rising to 292,000 last week. A Labor Department analyst said there was nothing unusual in the state-level data. Claims have bounced around for much of the winter as harsh weather either depressed or boosted filings. But through the volatility, the trend remained consistent with a strengthening jobs market. Read more- http://mcxhnitips.blogspot.in/2015/03/commodity-face-with-mcx-call-for-today.html

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:

Metals prices dropped dramatically. Should you buy on this dip or wait? Here's an indicator that might help you decide.

Investors are shedding gold and silver holdings at record speed as a preference for the dollar and fear of future liquidity impact attitudes. Miners, in spite of being undervalued against gold, are also being sold off amid the volatility.

Gold slid considerably today as a rising dollar, the result of a seemingly inevitable Greek default, made commodities less attractive. Only indirectly dependent on the strength of the dollar, miners experienced more moderate losses and even gains for some companies as gold bulls expressed their ongoing confidence.

The market is relatively flat today after taking a worse-than-expected dive yesterday. Europe remains a concern, so more market volatility is most likely in store.

JPMorgan Chase led financial stocks lower today after the second-largest bank in the U.S. reported disappointing results in Q3. Late trading surges helped to minimize the market's decline.