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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:

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MCX Bullion Tips and Trend For Today: Get the commodity trend, commodity tips, commodity tips today, free commodity tips, intraday commodity tips, MCX bullion tips, mcx commodity tips, mcx gold tips, mcx silver tips, mcx tips with the bullions metal tips from here- http://gourl.gr/ljd

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

The year 2013 is expected to be a better year for bullion according to Prithviraj Kothari, Managing Director of Mumbai based Riddisiddhi Bullions Limited, one of India's biggest dealers in bullion. Gold and silver has left a trail of blood in the exchange floors as gold collapsed and silver dropped on US fiscal cliff fears.

Today bullions are in a good position after a down previous session of last Saturday. Bullions are now recovered from that. MCX Gold is on 26488.00 having the gain of over 434.00 points, and Silver is also up on 51972.00 with 791.00 up. Technically........ Read More Here-

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.

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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.

RBI has fixed the issue price for the fourth tranche of sovereign Gold bond at Rs 3,119 per gram of Gold. The rate was fixed based on the average of closing price of Gold of 999 purity for the week July 11 to 15, as published by the India Bullion and Jewellers Association Ltd, according to Reserve Bank of India (RBI). Read more here- http://www.pinnaclefinancial.in/blog/gold-trend-today-rbi-fixes-gold-bond/

Gold gained in the intraday trades ending Thursday. The session saw Gold closing at Rs 25831 per 10 grams on 5 November 2015 against Rs 25771 on 4 November 2015. Resistance for Gold is towards Rs 26000 and Rs 26100.... Read more here- http://www.pinnaclefinancial.in/blog/mcx-bullion-some-buying-trend-in-festiv-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.

The year 2013 is expected to be a better year for bullion according to Prithviraj Kothari, Managing Director of Mumbai based Riddisiddhi Bullions Limited, one of India's biggest dealers in bullion.

There is a downfall has been seen in India's Bullion import in November. As per the Data released by the Union Commerce Ministry, nearly 354 million dollars of gold was import in November which is 3648 percent less compared to November 2014. In November 2014 India's Gold import was about 557.28 million dollars. Read more here- http://www.pinnaclefinancial.in/blog/gold-silver-import-fell-in-november/

All commodities are down today. But it is the time to make profit. Again I am preferring to buy bullion commodity for short term. We recommend that: Buy Gold (oct) for its current price for target....... Read More Here-

MCX BULLION UPDATES FOR TODAY MCX Yellow bullion metal has recovered today and gold price has crossed 28,000. On the other side silver is also looking good and one can BUY silver with proper strategy & tips. Crude oil has declined today and showing dull business.

Gold declined for the first time in four days here today but although it rally to a six- week high spurred some investors to sell the metal.......... Read Full Report Here-

Bullion tips is often seen as a alternative investment at the time of geopolitical and financial unstability, though safe-haven rallies tend to be short-lived. Global equity markets were flat on yesterday after their worst January kick-off in years as concerns about the economy of China weighed.

NYMEX Crude seems to hover below $ 83.MCX Gold Brent crude has also ​​around $ 86. MCX crude oil is trading with a weakness of 0.75 per cent below Rs 5020. COMEX Gold is trading with a decline of 0.25 percent below $ 1250. MCX Gold is trading with a gain of 0.5 percent at rs 27,500. COMEX Silver is trading below $ 17.5 decline by 0.5 percent.