GOLD NEWS 31.03.2012 IN HINDI (9999974733)

GOLD :-  31.05.2012 बुलियन मार्केट में गोल्ड की चमक घटती नजर आ रही है। लंदन में पिछले तीन दिनों में पहली बार गोल्ड की कीमत में गिरावट आई है। ट्रेडर्स


को लग रहा है कि इनवेस्टर्स यूरोपीय कर्ज संकट के चलते सोने से इनवेस्टमेंट निकालकर डॉलर में लगाएंगे। ऐसा होने पर सुरक्षित निवेश के रूप में सोने की डिमांड में कमी आएगी। गोल्ड की कीमत में पिछले चार महीने से कमजोरी का रुझान बना हुआ है। इस महीने इसकी कीमत में 5.3 फीसदी की गिरावट आई है। इससे पहले यह 1999 में सबसे लंबे समय तक गिरता रहा था। इससे साफ तौर पर संकेत मिल रहे हैं कि ऑल्टरनेटिव ऐसेट के रूप में गोल्ड की डिमांड अब घटने लगी है।



यूरोप में आर्थिक खलबली के चलते ग्रोथ को लेकर बढ़ती चिंता के बीच मंगलवार को यूरो के मुकाबले डॉलर 22 माह के ऊंचे लेवल पर रहा। बॉम्बे बुलियन असोसिएशन ने बताया कि कमजोर रुपए और ज्यादा ड्यूटी के चलते सोने की कीमत बढ़ने से इस महीने गोल्ड का इंपोर्ट 51 फीसदी तक गिर सकता है। चीन के सबसे बड़े सरकारी इनवेस्टमेंट ग्रुप की यूनिट एवरब्राइट फ्यूचर्स के एनालिस्ट सुन यॉन्गगैंग ने कहा, 'चाहे ग्रीस के यूरोजोन से निकलने की बात हो या बेलआउट की कतार में अब स्पेन के आने की बात हो, इनवेस्टर्स का फोकस यूरोपीय संकट पर बना हुआ है। वे सुरक्षित निवेश के रूप में डॉलर में निवेश कर रहे हैं।' लंदन में मंगलवार को कारोबार के दौरान सोने का हाजिर भाव 0.2 फीसदी घटकर 1,577.25 प्रति औंस रहा था। लगातार चार महीने की गिरावट के बीच मई में सोना 5.3 फीसदी कमजोर हुआ है। इसमें 1999 के बाद से अब सबसे लंबे वक्त तक गिरावट का दौर चल रहा है।



न्यू यॉर्क के कमोडिटी एक्सचेंज पर अगस्त डिलीवरी वाले फ्यूचर्स कॉन्ट्रैक्ट का भाव 0.5 फीसदी चढ़कर 1,578.30 डॉलर पर रहा। मेमोरियल डे के मौके पर सोमवार को अमेरिकी बुलियन मार्केट बंद था। पृथ्वीराज कोठारी ने बताया कि लगातार 11 साल तक साल-दर-साल आधार पर बढ़त दर्ज करने के बाद इस साल अब तक गोल्ड सिर्फ 0.9 फीसदी मजबूत हुआ है। ब्लूमबर्ग न्यूज के सर्वेक्षण के मुताबिक, यूरो एरिया में कंज्यूमर कॉन्फिडेंस मई में (-) 19.3 रहा, जो अप्रैल में (-) 19.9 था। एक जून को आने वाली रिपोर्ट से पहले इकनॉमिस्ट्स के एक अलग सर्वेक्षण के नतीजों के मुताबिक, अप्रैल में बेरोजगारी दर बढ़कर 11 फीसदी हो गई, जो 1990 के बाद सबसे ज्यादा है। स्पॉट डिलीवरी वाले सिल्वर की कीमत 0.4 फीसदी बढ़कर 28.5175 डॉलर प्रति औंस रही।

GOLD UPDATE 31.05.2012

LONDON: Gold prices fell for a second day on Wednesday, testing support near $1,530 an ounce, under the influence of a weaker euro as the euro zone debt crisis engulfed Spain and sent investors scrambling for a safe haven in the form of US dollars.




The euro extended losses against the dollar to a new 23-month low in early New York trade as Italian borrowing costs soared and concerns mounted over Spain's banking sector and upcoming Greek elections.



Spot gold slid to a low of $1,531.49 and was down 1.2 percent on the day at $1,536.50 an ounce by 1353 GMT. US gold futures for August delivery were down $13.10 an ounce at $1,537.90.



Gold prices has fallen by more than 7 percent in May, marking its worst monthly performance since December, when it fell by nearly 11 percent.



"Nothing is able to withstand the current dollar strength," Saxo Bank vice-president Ole Hansen said. "The secure government yield levels continue to fall to unbelievably low levels, a clear sign of the stress the financial markets are under."



"Gold is still stuck in its major $1,520 to $1,600 range, and once again it looks like we have to determine exactly how strong that support is."



The euro briefly lifted from lows in earlier trade after EU Commission said the euro zone should move towards the direct recapitalisation of banks from its permanent bailout fund, lifting the euro. Those gains were short-lived, however.



The single currency came under further pressure after the outcome of an election in Greece next month, which may determine whether Athens can stay in the euro, was thrown into doubt when a poll suggested the anti-bailout SYRIZA party would win.



Italian government bond yields broke above the 6 percent danger level on Wednesday as investors required higher returns to buy debt issued by the euro zone's third-largest economy at an auction tainted by banking troubles in neighbouring Spain.



Market players are worried about Spain's plans to raise new funds to recapitalise nationalised lender Bankia when the country's borrowing costs are rising daily and are flirting with euro-era highs.



"As we've seen during other periods of extreme risk aversion, investors go into Treasury bonds, which are yielding record lows, or they stay in cash. It's preservation of capital," Robin Bhar, an analyst at Societe Generale, said.



EURO LINK HOLDS



Gold's correlation to the euro softened a touch on Wednesday, easing to 52.0 from closer to 57.0 a week ago, meaning that the two assets are still more likely to move in sync with one another than they were in early May, when this relationship was at its weakest in six months.



"The song remains the same as well as the market slavishly follows the euro on its ups and downs. The situation in Europe seems to be going from bad to worse, with Spain now teetering on the brink as well as Greece," Marex Spectron head of precious metals David Govett said in a note.



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CRUDE OIL UPDATE 31.05.2012

NEW YORK: Brent oil fell to a five-month low on speculation that US crude stockpiles climbed to the highest level since 1990 and as the euro weakened on concern that the debt crisis will overwhelm Spain.




The Brent contract, Europe's benchmark, dropped below $105 a barrel and crude in New York tumbled to the lowest level since October. An Energy Department report on Thursday is projected to show that US supplies rose 1 million barrels to 383.5 million last week, according to analysts surveyed by Bloomberg. The euro fell versus the dollar as Spain's default risk increased.



"We're looking at a build of another million barrels to a 22-year high," said Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut. "Given how high inventories are and how weak the economy looks, no wonder we're trading lower. We're going to probably continue seeing dollar strength, which will keep the pressure on oil."



Brent oil for July settlement declined $2.33, or 2.2%, to $104.35 a barrel on the London-based ICE Futures Europe exchange at 9:25 am in New York. The contract touched $104.28, the lowest level since December 20. Oil for July delivery fell $1.91, or 2.1%, to $88.85 a barrel on the New York Mercantile Exchange.



Futures reached $88.70, the lowest intraday level since October 24. Prices are down 15% this month, the biggest drop since December 2008. US gasoline stockpiles probably fell 7,50,000 barrels last week, according to the median of 10 analyst estimates in the Bloomberg survey.



Supplies of distillate fuel, a category that includes heating oil and diesel, are forecast to rise 2,50,000 barrels, the survey shows. The American Petroleum Institute will release separate inventory data late on Wednesday
 
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GOLD UPDATE 30.05.2012

Gold fell 1 percent in active trade on Tuesday, as the


euro's slide on worries over Spain's debt prompted

investors to sell the precious metal along with other

dollar-sensitive commodities.

• Bullion rose in early trade and then erased those

gains as the euro tumbled below $1.25 to hit its

lowest in nearly two years after credit agency Egan-

Jones downgraded Spain's sovereign credit rating.

The metal also underperformed crude oil and other

industrial metals such as copper.

• Gold was headed for a monthly decline of nearly 7

percent in May, which would be its fourth straight

monthly decline, the longest stretch since January

2000. It would also be the steepest monthly slide of

2012,

• Technical selling below a key support also

accelerated losses. Bullion's investment appeal

based on economic uncertainty has been more than

offset by the strength in the U.S. dollar and

Treasuries, also viewed as safe havens by investors.

• Investors are worried about Spain's escalating

borrowing costs and weakening banking sector and

Greece's election next month.    (NEAL BHAI 9999974733)

GOLD 30.05.2012

GOLD: (30.05.2012) Sell MCX June Gold between 28975-29010, SL- 29150, Target - 28700/28650/28550  (NEAL 9999974733)

COPPER 30.05.2012

COPPER (30.05.2012) :- Intraday Strategy: Sell MCX Copper June between 430.5-431.75, SL-434.5, Target -426/425/422   (NEAL BHAI 999974733)

GOLD FUNDAMENTALS 30.05.2012

FUNDAMENTALS




Spot gold edged down $1 to $1,553.54 an ounce by 0029 GMT, after sliding more than 1 percent in the previous session.



US gold inched up 0.3 per cent to $1,553.30. * Spanish bond yields rose on Tuesday as investors fretted that efforts to recapitalise the country's frail banking sector could mean the government selling more bonds and adding to the growing pressure on public finances.



Rating agency Egan-Jones cut Spain's credit level for the third time in less than a month, as the country's weak banks continue to worry investors.



Greece's pro-bailout conservatives are leading ahead of a national parliamentary election next month that may determine whether the country remains in the euro zone, an opinion poll showed on Wednesday.



US home prices edged higher for the second month in a row in March as the housing recovery picked up traction, while gains in some of the hardest hit areas suggested the improvement was becoming more broad-based.



Holdings of the iShares Silver Trust, the world's largest silver-backed exchange-traded fund, dropped nearly half a percent from the previous session to 9,619.03 tonnes by May 29, the lowest in nearly two weeks.

GOLD EDGED DOWN 30.05.2012

SINGAPORE: Gold edged down on Wednesday as investors continued to fret about the euro zone debt crisis with Spain's borrowing costs spiralling towards unsustainable levels, keeping the euro close to its lowest level in nearly two years.

GOLD NEWS 29.05.2012 NEAL BHAI

GOLD NEWS UPDATED:- “Whether it’s Greece leaving the euro or Spain being next in line for a bailout, investors are focusing on the crisis in Europe at the moment and picking the dollar as their haven of choice,” said Sun Yonggang, an analyst at Everbright Futures Co., a unit of China’s largest state-owned investment group.




Bullion for immediate delivery fell 0.2 percent to $1,577.25 an ounce by 9:14 a.m. in London. Prices are 5.3 percent lower in May for a fourth monthly decline, the longest losing run since 1999. August-delivery futures were 0.5 percent higher at $1,578.30 on the Comex in New York. U.S. markets were closed yesterday for Memorial Day.



Gold is up 0.9 percent this year after 11 consecutive annual increases. Bullion purchases by India may be about 50 metric tons to 60 tons this month, down from 102 tons a year earlier, Prithviraj Kothari, president of the Bombay Bullion Association, said today in a phone interview.



Consumer confidence in the euro area was at minus 19.3 in May, compared with minus 19.9 in April, according to a Bloomberg News survey before the final reading is released tomorrow.



The unemployment rate climbed to 11 percent in April, the highest in data compiled by Bloomberg going back to 1990, according to a separate survey of economists before the June 1 report.
 
 
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