Dubai broke down the price of crude oil and gold

Viliyana Filipova — Sun, 29 Nov 2009 18:09:50 +0000

The price of oil dropped to its lowest level in over six weeks since the news that the government investment fund Dubai World in Dubai has requested postponement of payments on obligations, which exceed $ 59 billion. The decline in the value of the raw material was also supported by increased oil stocks in the U.S., indicating weak demand from consumers and industry. U.S. light crude for January delivery fell by $ 3.44, or 4.4 percent to 74.52 dollars per barrel in late Asian trade. For the last oil is sad at this level on October 14. Since the beginning of the week the raw material decreased from 2.8%. The dollar, which was one of the few winners from stall stock prices of raw materials and upload their values to levels of 1.4920 EUR / USD against 1.5019 EUR / USD yesterday. Rally index MSCI Asia Pacific, which monitors presentation of shares in the Asia-Pacific region fell by 3% to 114.08 points in Tokyo. This was his most potent decrease from August. Quotes of the indexes S & P and Dow Jones Euro STOXX 50 is accordingly decreased by 3.2% and 1.7%. Main DAX index of the Frankfurt Stock Exchange fell by 0.60 percent this morning after yesterday sank more than 3% Index CAC 40 of the Paris Stock Exchange lost 1.79 percent targets yesterday after a decline of 3.41% London FTSE-100 fell by 0.80%
Variety “Brent with delivery in January fell by $ 1.39, or 1.8% to 75.60. Yesterday’s contract fell by 1.45 dollars or 1.9 percent to 76.99 dollars per barrel. Gold that rise ever recorded, with an immediate dosktava decreased by 1.8% to $ 1167.90 an ounce in recent chastove of Asian trade. Yesterday the price of raw materials reached a record high of $ 1196.13 an ounce during trading.

Gold with highest drop of the price

Viliyana Filipova — Sun, 29 Nov 2009 10:51:33 +0000

The price of gold fell by more than 4 percent on the London Metal Exchange today after the appreciation of the dollar reduced the attractiveness of the precious metal as an alternative investment. Dollar increase after the news about the financial difficulties of the Dubai government investment fund Dubai World, which reinforced fears in financial markets. Dollar Index, which monitors the rate of the dollar against a basket of six major currencies, rose by 1 percent today, after earlier this week dropped to their lowest level in 15 months. As a result, prices of all precious metals fell, led by silver. Gold with immediate delivery fell to 50.28 dollars, or 4.2 percent, to 1 138.10 dollars an ounce. This is the strongest decline in the price from 12 January to date. The February gold futures cheaper by 2.1% to 1 163.60 dollars an ounce in electronic trading at the stock exchange in New York. Thursday marked the third straight gold price record only within the last week. Compared to last Friday the price of gold has risen by 1,1 percent. Precious metals will probably noted fourth consecutive weekly increase. Consulting firm Standard Chartered Plc today released a report which shows that central banks are likely to be net buyers of gold this year, which never happened in the past two decades. This week it became clear that Sri Lanka has purchased 10 metric tons of gold from the International Monetary Fund for 375 million dollars. Previously, India and the island countries of Mauritius, respectively, purchased 200 tons of gold reserves of the fund against 6.7 billion dollars and 10 tons of gold to 71.1 million.
Among other metals for immediate delivery in London Metal Exchange silver fell the most by 5.3 percent to 17.68 dollars per ounce, which is a record decline for the past three months. Platinum with cheaper 1.2% to 1 438 dollars an ounce and is not excluded to provide better than gold by the end of this year because of increased demand for metal from the industrial sector.

Financial Communique » gold

Dubai broke down the price of crude oil and gold

Gold with highest drop of the price