The global economy is a big maze

Barclays: the global economy on the road to recovery despite the continuing risk

Economic transformation the world into something like a maze, overlapped with international interests, colorful monetary policies, ups and downs are not justified, gold, oil, dollar, financial markets, and inflation on the one hand and unemployment … Continue reading

Gold drops 2% today

Gold prise is pushed up by the Comex market

Gold continued its losses, down more than 2% today after the Bank recorded “Goldman Sachs” the second quarterly loss in its history, which has undermined the already deteriorating investor confidence and strengthened the dollar. In … Continue reading

Posted in Gold News on by M. Kirsh

European and U.S. stock exchange trading week to ends on large declines

2.4% growth forecast for the world economy in 2013

Stock Exchange concluded the “Wall Street” of America, yesterday on the transactionsmass decline of key indicators, and lost the Dow Jones industrial average 240.60points, to close at 10913.40 points, down by 2.16%. The benchmark Standard & Poor’s 500 “S & P 500” broader, by 28.98 points, to settle at 1131.42 points, a decline of 2.50%. The Nasdaq Composite Index “Nasdaq” and thetechnology-laced, trading down by 65.36 points, to reach the level of 2415.40 points, a decline … Continue reading

Gold prices rise about 2.2%

Gold price technical analysis 7 - June 2013

Gold prices continued their gains today, rising more than 2%, the highest level intransactions when it reach 1657.15 USD/Troy per ounce and greater attention to the precious metalassets, given the decline are considered higher risk, such as stocks and the euro. Gold was down with other financial markets last week as … Continue reading

Posted in Gold News on by M. Kirsh

Concern is growing in the euro zone on Italy

Italians income descended to levels of 27 years ago

Concern is growing that Italy suffered the same fate of Greece and the rest of the “crisis of the euro” on the one hand and weaken growth prospects of the Italian economy on the other hand .. The IMF asked Italy to abide by the strict restrictions on spending to reducepublic debt and reduce the burden on its economy After the government … Continue reading

Gold gains for third straight day

Japanese Stock market pushed Comex down

Gold record gains for the third consecutive day today after incurring losses in September, the biggest monthly since 2008 after a warning from Greece will not meet the deficit reduction targets set to avoid bankruptcy, which launched a wave of selling in the stock markets and commodities. And European shares fell more than 2%, while falling copper about four percent and the decline of crude oil 1%, following the … Continue reading

Posted in Gold News on by M. Kirsh

Qatari company to invest $ 600 billion in Greece and the looting of gold in Sudan

Gold price technical analysis 7 - June 2013

Chief Executive’s sovereign wealth fund Qatar Holding said yesterday that the companywill invest billion dollars in the «by European Goldfields» of which $ 600 million to finance operations in Greece, where the company owns the London-based license to extract the gold. The chief executive Ahmed Al-Sayed after a meeting between Greek officials and theQataris in … Continue reading

Posted in Gold News on by M. Kirsh

High unemployment rate in Europe

Euro retreats influenced by the possibility of European rate cut

European Statistics Office announced that the data of the annual rate of consumer prices in the euro zone rose unexpectedly in September to 3%, after rising inflation in Germany unexpectedly which may deter the European Central Bank cut interest ratesnext week. This rate of 3% in the 17 countries using the euro, is the … Continue reading