Sunday, April 27, 2014

Ukrainian - Russian conflict heats up , Trends Gold Price Gains

Gold futures rose at the close of trading Friday on the New York Stock Exchange , United States . Geopolitical tensions between Ukraine and Russia are increasing and falling stocks on Wall Street encouraging gains in the precious metals market .

As reported by MarketWatch , Monday, April 28, 2014 , the contract price of gold for June delivery rose U.S. $ 10.20 ( 0.8 per cent ) to U.S. $ 1,300.80 an ounce on the Comex division of the New York Mercantile Exchange . Gold prices rose 0.5 percent last week compared to the previous week .

Analysts and financial advisors of Wescott Financial Advisory Group , Richard Gotterer , stating that for several months the gold seems to have found a comfortable position in a variety of trading in the precious metals market .
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" The movement up or down in this range have been based on changes in sentiment related to economic data , corporate earnings and global conflict , " said Gotterer .

" In Russia and Ukraine dominate news global conflict , any potential increase in military action will put up the price range foothold in the gold trade , " he added .

The domestic market
Meanwhile , domestically , Processing and Refining Business Unit Precious Metals PT Antam Tbk reported on the transaction price of gold bullion today is moving up .

The price of gold bullion Antam sold Rp535.000 to measure a gram , up 1,000 compared to the price per gram on Friday, April 25, 2014 transaction is pegged Rp535.000 .

Gold size 5 grams removed at Rp2.530.000 , Rp5.010.000 size 10 grams , 25 grams Rp12.450.000 size , size Rp24.850.000 50 grams , 100 grams and the size is sold Rp49.650.000 .

The price of gold the size of 250 grams is still capped at 500 grams and measures Rp124.000.000 reach Rp247.800.000 .

The purchase price (buyback ) today Antam's gold capped at Rp475.000 , up 1,000 compared with the previous transaction .


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