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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:

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/

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.

This festive season the high commodity prices of both physical gold and silver should not dampen the consumer's spirit. Every age brings with it a certain flavor of change in the way we usually go about doing things. My take on this is that both gold and silver are now far more precious commodities than ever before due to the increase in the consumption of these metals, the demand vs. supply gap is widening like never before which is the primary reason why both gold and silver prices have sky rocketed.

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/

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/

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/

Gold miners have yet to catch up with the towering price of gold making them an attractive bargain entry point into the rise of precious metals. Should the price of gold continue to rise a midst on-going volatility miners could catch up.

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.

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 .

Gold prices in domestic futures tested historical highs in absolute as well as in percentage terms as MCX Gold rallied towards high 35074 per 10 gms on 28th August 2013 which is almost Rs. 7000/10 gms or 25% higher than last month close of 28207/10 gms.

China's copper imports fell 2.8 percent in June from the previous month, hitting a 4-month low as weak seasonal demand dampened buying amid a slow domestic economy. China's export sales unexpectedly rose for the first time in four months in June and imports fell again but posted their best performance this year, causing some optimism tepid trade flows are picking up. Today MCX launches its new contract- Gold Global. It is a Cash Settled contract, excludes custom duty, taxes and Domestic premium/discount... Read more here: http://www.pinnaclefinancial.in/blog/mcx-started-gold-global-contract-today/

Red Metal Resources reports 2.51 percent copper and 0.35 g/t gold over 12 meters (including 3.95 percent copper and 0.53 g/t gold over 8 meters) at Farellon Project in Chile.

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.

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.

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 676.40 up 0.60 tonnes from previous business day. Gold gained in the intraday trades ending Wednesday.... Read more here- http://www.pinnaclefinancial.in/blog/commodity-tips-today-economic-data/

Many investors seem to believe that gold is the ultimate hedge, but Michael McTague, in the interests of myth busting--and truth--gives a resounding "no."

Red Metal Resources is a copper-gold company with interest in Chilean mines. The company looks especially appealing as its copper-gold offerings remain relevant regardless of the economy.

ON Monday morning MCX has shown green shade..All commodity showing Bullish TREND, Gold s has gain up move of 29 RS & open at 29374,at 10:25 am it traded at 29416 RS/10 gram. It indicate that wedding session has arrived in April month, so because of these reason Gold & silver going on positive side .

Both the precious metal are looking on negative side when opened. Gold metal has losses their prices by RS 52 to its previous closing value 26034.silver also fell by 172 rs to 40298 per /kg . at 10.30 gold price at 25 972per 10 gram and silver price at 40102 per kg .