Gold Price Network : report of gold price 15 – April, 2013

Is it the time to invest in gold or not?

Gold Price Network : report of gold price 15 – April, 2013 – gold price continue to lose in the global market aimed by fears from the decline of the chinees economy, in NY we watched the liquidity shifted toward buying the U.S. dollar as soon as landing ounce of gold, adding to the difficulty of identifying the main reasons for this decline, the stability of the US dollar and the decline of the chinees economy followed by crisis in the Euro area lead to the decline of gold price after it lost its attraction as a safe heaven.

Global economy watched fluctuate reflected on gold price, to be as following.

Gold price in the Spot market Apr 15, 2013 14:06 NY Time

Gold price in the Spot market Apr 15, 2013 14:06 NY Time recorded a decline by 7.35% to reach the level of $ 1368.40 USD/Ounce of gold in the spot market.

Gold price in New York Spot market Apr 15, 2013 14:06 NY Time

Gold price in New York Spot market Apr 15, 2013 14:06 NY Time record a decline by 7.53% to reach the level of $ 1365.80 USD/Ounce of gold in New York spot market.

Gold price in the stock exchange of London Apr 15, 2013

Gold price in the stock exchange of London Apr 15, 2013 recorded in the AM session a decline to reach the level of $ 1416.00 USD/Ounce, in the PM session nothing change gold price continue to decline to reach the level of $ 1395.00 USD/Ounce of gold in the stock exchange of London.

we could watch gold price continue to decline until the end of the session and might be until the end of the week due to the EU countries sale a large quantities of  gold to fill Gr Cyprus’s financial crisis, which led to an increase in global supply versus demand, which made no equivalent of the size of the existing supply, according to reports predicted by gold price. you can ask any question about gold price @MElkirsh, i will be happy to answer your questions.

  • Gold

    If Cyprus actually sale gold then how much further decline is expected in gold. And what are the expectations of gold price to be come back to over $1500 per ounce.

  • Syed Rizwan

    i m in saudia arabia where i can buy gold at the same price mentioned here because if go to the market they are saying same price as before like 200SR/gram for 21K