29.7.14 6:45 a.m. World gold price is 1305/1.875*975=678600 Yangon Gold price may be around 675000 ၿငိမ္ေနတယ္ တခ်ိန္ေတာ့ ထ ေဖါက္အံုးမယ္ ထင္တယ္ Gold futures prices ended the U.S. day session near steady Monday, while spot gold prices were modestly lower. Some chart consolidation position evening were featured ahead of what some are calling the biggest week of U.S. economic reports of the summer this week. Buying interest in gold is being limited by a bit more risk appetite in the market place to start the trading week. August Comex gold was last up $0.30 at $1,303.60 an ounce. Spot gold was last quoted down $5.00 at $1,303.75. December Comex silver last traded down $0.054 at $20.64 an ounce. There were no major, markets-moving developments on the geopolitical front over the weekend, so the market place is starting to focus more on other matters such as the big U.S. economic data week that lies just ahead. The headliners include the Federal Reserve’s Open Market Committee (FOMC) meeting on Tuesday and Wednesday, and the key U.S. employment report on Friday. The U.S. second-quarter GDP report is also out on Wednesday. However, the geopolitical tensions in the world have not just evaporated. The European Union is presently debating what kind of further sanctions to slap on Russia over its annexation of part of Ukraine and the ensuing complicity in the downing of a Malaysian jet airliner two weeks ago. Don’t be surprised to see geopolitics back on the front burner of the market place soon. Such would likely be bullish for gold, U.S. Treasuries and the U.S. dollar.
Posted on: Tue, 29 Jul 2014 00:12:22 +0000
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