The climbing 1.5% after the jump in the first two hours watching stem despite hitting some of the 4-day high euro area stock loss evaluation of action Greece and Spain banks as is – bullion Vault – 5/18/2012 gold price Friday morning London trading, rallied $ 1 ounce per 1594.
The day before, buy gold dollar prices rise 2% 2: on Thursday of your trading.
“Bull big counterattack, staged”, from the latest technical analysis notes Nova Scotia Mocatta, bullion banks says.
“We in 1642 dollar high last week as long as it remains below the [] from the perspective of the long-term technology, still image, is bearish.
In the currency market the euro after 4 months, low most of the day before the Shoko chukin Bank price profit recovered some ground against the dollar sink this morning at Friday’s Asian session.
The look set in London at lunchtime Friday 4% due to the increase in a few weeks from the lows of the gold price, heading the weekend.
“Us $ 1550-$ 1560 to hold the market want to” says Nick Trenethan, Singapore-based senior strategist ANZ metal.
If [worse than we think Europe heading keep maybe range there $ 1600 level how can continue but reestablished a fair chance, our lows may retest. ?
Over India, biggest of 2011, the world demand for gold sources “demand come down from [Thursday]” Ketan Shroff, a Mumbai-based wholesaler don’t bullion, said Director to speak this morning
“Was waiting for a correction for people all of a sudden price yesterday went. If the price goes up, demand in the autumn of may than we. ?
In contrast to SPDR Gold 2.1 tons, trust (GLD), the best world’s largest gold ETF bullion holdings Thursday, those levels at 1278.7 tons this month taking additional.
Friday week, down 2 percent at lunchtime to the price of silver $28.66 oz until then is high this morning-rebound.
According Karel de Gucht European Union trade Committee in the scenario of the European Central Bank, European Commission, Greece, euro, leaf, while here in Europe is planning.
“Risk of a domino effect was maybe half a year ago,” and instructs the de Standaard and de Gucht Belgium Netherlands-language newspapers.
“[Though], Greece end euro right now is not necessarily as some claim”.
However, the ??? Greece credit rating cut credit rating agency in 2 further Fitch reflect cannot maintain the Greece economic and financial Union members may, heightened risk of Thursday night.
Eurozone’s largest bank Santander, including 26 Italy Bank downgraded on Monday: 16 Spain Bank downgrade the credit rating company Moody’s fellow last night,.
“The ongoing euro-area debt crisis, in a new recession and rising of the Spain government deficit, decreased the sovereign creditworthiness” Moody’s statement said.
Spain bank stocks seeing 30% more than stock at one point bounce loss following recent days in last week despite the downgrade-partially was Bankia-was nationalized and losers Friday up in morning trading.
According to the Spain-language newspapers to conduct Government Spain of Goldman Sachs, Bankia, independent evaluation uses the extension. Spain will expect how big bailout banking sector must audit after today’s name.
Generates while easing Spain 10-year bonds maintains this morning more than 6% slightly.
One report in light of the volume of traders “just of bit and screens … there works the [potential] [is not people to join, can can of worms opened if the euro Greece leaves and very messy to be. ?
Fresh all time this morning as Kim fell the embankments of Germany decade lows 1.4% 1 one spike below yields Germany government debt prices as investors pushed at the time.
“Macro stress positively reacting to the new return of money certainly see to it” says a note from Switzerland Investment Bank UBS.
“But the gold corner really, yet it’s that is the conclusions of the companies from here on is too early. [Fri] consistently exhibited a safe haven properties, to attract a strategic purchase should be some time so. ?
Greece election failed to generate Government may from the level of 3.3% down at lunchtime gold price Friday 6th, remained.
European stock market’s excellent eurozone Friday, stocks – display track Euro Stoxx 50 index gain, the next 4 days by the continuous loss of lunchtime-, to reduce the loss of the initial management. FTSE was still showing but fall daily 0.8% in London here toward the open towards us.
Across the Atlantic, is a stock market trading Friday, Facebook proposed to open the settings for the first day of trading S & P 500 or more.
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BullionVault, 5/18/12
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