Central banks sold 20 tonnes of gold

so far Came in London: Reuters, World Gold Council said yesterday that total sales of gold in the framework of the central banks for the third gold of 20.4 tons only in the second year of the agreement so far, noting that most sales were from the International Monetary Fund. The council explained that the sales of the Fund in the current year of the life of the Convention, which began in September, 19.5 tons by October 31. The Convention sets out the roof of the third sales of the participating States at 400 tons per year. Most of the participants in the Convention European central banks. And implement the IMF, they do not enjoy full membership of a series of planned sales of gold under its umbrella. In terms of gold prices rose to near $ 1390 an ounce (ounce) yesterday and scored new highs in euro and pound sterling, amid fears the spread of the debt crisis of the euro area, which raised the purchase of precious metal as a safe haven. Analysts said that while it is also natural that reinforced the recovery of the euro price of gold from the lowest level in 11 weeks against the dollar, but buying the metal as a safe haven, which led the rise.

China imported 6 times what you need from gold Desimbr 2010

 A report from China where he said an official at the Shanghai Gold Exchange on Thursday as investors rapid growth in the payment of gold and China's imports of the precious metal to rise to six-fold in the first ten months of the year, highlighting its appeal as a hedge. In a rare disclosure of data on trade in China's gold - which are not published by the customs authorities - Cyanjrung said Chen, chairman of the exchange, said his country imported 209.72 tonnes of gold in ten months. Comes the significant increase in imports against the backdrop of the rise of gold prices, which exceeded $ 1400 an ounce (an ounce) in November and increased by more than a quarter so far. He said Chen told reporters, "the uncertainty in the local and global economies as well as rising expectations of inflation made gold hedging tool very attractive." On an annual basis and will reach China's gold imports to about 250 tons, compared with an average of about 180 tonnes P

Al-Hurra news confirms that the high price of gold led to buy Weaker

 gold prices in Iraq and imported from abroad, domestic demand to buy the precious metal, amid calls for restrictions to limit imports to revive the Iraqi trade jewelry. He said a number of jewelers that gold prices this year have seen an unprecedented rise, where the price exceeded gram-carat gold and twenty-one barrier forty dollars, and likely to continue to rise with the end of this year, forcing the citizens to refrain from buying it. A number of jewelers with "Radio Sawa" that the importation of gold from the neighboring countries and the absence of procedures that limit the size, contributed to the recession taking place in the gold market, and demanded the government to impose tariffs aimed at revitalizing the industry's gold ornaments in the local market

Egypt to reopen mining for gold to increase its product before 2011

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the National Minister of Oil and Minerals said that Egypt, which stopped gold production in 1958 prior to the appeal during the past years, to increase annual gold production to 12 tons next year, compared to 5.5 tons, Egypt has produced only 7 tons during the last century, as reported by Sameh Fahmi over remarks carried by the Saudi Press Agency. Investors saw that the production volume is very low, as it was being drawn to the ancient laws of profit sharing. It is noteworthy that Egypt resorted back to old stocks of gold in the Eastern Desert. It is noteworthy that Egypt, which had previously been the first point of purchase in the world of gold, has produced the first gold bullion from a mine in the Eastern Desert Hamash 2007 We wish that we have given you useful information Thank you for your follow-up

High price of gold under the devaluation of the dollar in December 2011

Report NEW YORK (Reuters) - Gold prices jumped to their highest level in three weeks on Friday after undermined the disappointing data on jobs in America, expectations for economic recovery are available to him the elements of continuity and pushed the dollar down. The data showed that jobs in the U.S. have increased much less than expected in November and the unemployment rate rose sharply to reach its highest level in seven months at 9.8 percent. The price of gold for immediate transactions in late trading in the COMEX market in New York of $ 1414.19 an ounce (ounce), up 2.1 percent, the largest increase in a single day since the fourth of November. Earlier in the precious metal ended the trading session in London at U.S. $ 1408.35. Stepped up futures contracts for gold U.S. for January delivery of more than U.S. $ 16.90 or 1.2 percent, to 1406.20 dollars an ounce. And followed the example of gold and silver rose 3 percent to 29.34 dollars per ounce. And platinum rose 0.9 percent to 1723.99 dollars an ounce and palladium rose 0.7 percent to 764.47 dollars an ounce, after he had jumped in earlier to 776.22 dollars, its highest level in nine years. 

High price of gold in the 2011

 Christmas Holiday The head of the Division for the Gold and Jewellery Federation of Industries, said that gold prices are eligible for solutions with the rise of New Year's holiday, in the next few days. The Chairman of the Division in a telephone conversation with the "gate" the delegation, higher sales by 20% during the Christmas season, after a rise in prices, which reflected negatively on the movement of the market, which led to the reluctance of the Egyptians to buy gold, confirming that the gold market has become repellent to consumers, and almost only      during the last period to replace the old works