First business opportunity: Oil prices rise because of increased demand for fuel oil due to growing levels of public spending in the U.S..
Contract price of oil reached its highest level in 31 months, following the U.S. Commerce Department report.
The report shows an increase in oil prices of U.S. citizens to spend dollars on food and fuel oil. The movement of stocks rise and the dollar weakened on the major currency exchange rates and increase the rate of commodities as an alternative investment.
Based on Bloomberg data, the price of oil for June delivery rise U.S. $ 1.07 or 1% to U.S. $ 113.93 per barrel, its highest level since 22 September 2008, the New York Mercantile Exchange.
The price of oil contract rise 6.8% in April and rise 1.5% last week and 34% when compared with last year.
Brent oil price for June delivery rise 87 cents, or 0.7% to U.S. $ 125.89 per barrel on the ICE Futures Europe Exchange, London, England.
Showing posts with label icommodities. Show all posts
Showing posts with label icommodities. Show all posts
Sunday, May 1, 2011
Saturday, April 23, 2011
how to buy gold
Smart Tips for Buying Gold Bars, Gold Jewelry and White Gold
1. look at the current exchange rate of gold prices before buying gold, you can see how the market gold price today, either through the newspapers, or spot gold price, there are at the main menu on the price of gold today. And if you buy gold or a week Saturday course you can find information on the benchmark gold prices on Friday afternoon.
2. Note the use of gold that you buy if it is used for jewelry so you can choose according to the model you like, but if you like the gold that is pearl jewelry you can buy these separately, because the price is cheaper gems separately,
once again note the gold you buy, because usually there are pores - pore is green, this is the residual chemicals from the manufacturing process of gold, when exposed skin will cause irritation or allergic skin.
do not forget to choose the gold content based on your needs,
Here are the levels of purity of gold according to international standards:
- 24 carat gold is pure gold (99.99%)
- 22 carat gold has a composition (91.7%) of gold mixed with other materials 8.3%, usually silver material
- Gold 20 carat have composition (83.3%) gold
- 18 carat gold has a composition (75%) of gold
- 16 carat gold has a composition (66.6%) gold
- Gold 14 karat has a composition (58.5%) gold
- Gold 9 carat has a composition (37.5%) gold
but this standard in some countries may be different - different, examples of gold standard in Indonesia:
- 24 carat gold is pure gold (90%) of gold
- 23 carat gold has a composition (70%) of gold
- Gold 22 carat have composition (40%) of gold
Now depending on your investment choices, whether you want to buy gold which also can be used, or gold bullion that later you can sell more expensive.
make sure you buy a certified gold, because with this certificate you will be much easier if you want to sell back the gold you have purchased
1. look at the current exchange rate of gold prices before buying gold, you can see how the market gold price today, either through the newspapers, or spot gold price, there are at the main menu on the price of gold today. And if you buy gold or a week Saturday course you can find information on the benchmark gold prices on Friday afternoon.
2. Note the use of gold that you buy if it is used for jewelry so you can choose according to the model you like, but if you like the gold that is pearl jewelry you can buy these separately, because the price is cheaper gems separately,
once again note the gold you buy, because usually there are pores - pore is green, this is the residual chemicals from the manufacturing process of gold, when exposed skin will cause irritation or allergic skin.
do not forget to choose the gold content based on your needs,
Here are the levels of purity of gold according to international standards:
- 24 carat gold is pure gold (99.99%)
- 22 carat gold has a composition (91.7%) of gold mixed with other materials 8.3%, usually silver material
- Gold 20 carat have composition (83.3%) gold
- 18 carat gold has a composition (75%) of gold
- 16 carat gold has a composition (66.6%) gold
- Gold 14 karat has a composition (58.5%) gold
- Gold 9 carat has a composition (37.5%) gold
but this standard in some countries may be different - different, examples of gold standard in Indonesia:
- 24 carat gold is pure gold (90%) of gold
- 23 carat gold has a composition (70%) of gold
- Gold 22 carat have composition (40%) of gold
Now depending on your investment choices, whether you want to buy gold which also can be used, or gold bullion that later you can sell more expensive.
make sure you buy a certified gold, because with this certificate you will be much easier if you want to sell back the gold you have purchased
Spot Gold Price
if you want to know the price of gold every time, Spot Gold Price is a site that presents the gold price directly, the site is recommended because of the price of gold, which is presented updated every time, if you want to learn how to buy gold please see also the following tips, how to buy gold
Friday, April 22, 2011
historical gold price
SINGAPORE. The contract price of gold in New York and in London re-print a new record. Thus, already five days in a row a new historical record gold prices. Gold prices traded above U.S. $ 1,500 level in line with the weakening dollar and the fear of debt in Europe. As a result, demand for gold as an investment alternative to the higher.
Last night, the contract price of gold on the Comex division, NYMEX in New York for delivery in June rose by U.S. $ 10.70 or 0.7% to U.S. $ 1,509.60 per troy ounce. At 08:00 New York time, the same contract in the position of U.S. $ 1,507.60 per troy ounce.
While the contract price of gold on the London Metal Exchange for quick delivery rose 0.3% to U.S. $ 1,506.85 per troy ounce after recording the highest price in history at the level of U.S. $ 1,509.
For your information only, the dollar weakened to its lowest level since August 2008 against six major world currencies. "Elements of the key current gold price movements is the dollar. In addition, fear of debt conditions in the U.S. and Europe as well as inflation makes investors return in droves holding gold," explained Edel Tully, an analyst at UBS AG in London.
Last night, the contract price of gold on the Comex division, NYMEX in New York for delivery in June rose by U.S. $ 10.70 or 0.7% to U.S. $ 1,509.60 per troy ounce. At 08:00 New York time, the same contract in the position of U.S. $ 1,507.60 per troy ounce.
While the contract price of gold on the London Metal Exchange for quick delivery rose 0.3% to U.S. $ 1,506.85 per troy ounce after recording the highest price in history at the level of U.S. $ 1,509.
For your information only, the dollar weakened to its lowest level since August 2008 against six major world currencies. "Elements of the key current gold price movements is the dollar. In addition, fear of debt conditions in the U.S. and Europe as well as inflation makes investors return in droves holding gold," explained Edel Tully, an analyst at UBS AG in London.
Wednesday, April 13, 2011
American oil reserves depleted
NEW YORK. Crude oil traded near its highest level last two days in New York. This happened after the U.S. government said gasoline stockpiles decline to reach the greatest level in 12 years due to rising demand and rehatnya activities in refining units.
WTI oil contract for May delivery traded up 21 cents to U.S. $ 107.32 a barrel in electronic trading on the New York Mercantile Exchange at 09:40 Sydney time. Yesterday, the same contract soared 86 cents to as low as U.S. $ 107.11. Meanwhile, Brent oil for completion in May rose 1.6% and end the trading session on the ICE Futures Europe at U.S. $ 122.88 per barrel. It's the highest close since April 11.
The rally came after yesterday's oil, the Energy Department said gasoline stocks fell by 7 million barrels to 209.7 million barrels last week. The decline was the biggest since October 9, 1998. In fact, the market predicts only a 1 million barrel decline because of higher fuel consumption in the last five months.
Analyst natural resources of Weiss Research said Sean Brodrick, high prices have not enough influence on demand, to be able to end the bullish trend. "What is interesting in gasoline stocks which fell seven times greater than people expected," he said.
The increase in oil prices in New York also supported the increase in U.S. retail sales for the month of March. This means that U.S. retail sales figures have risen in nine consecutive months, and showed improvement in the labor market.
Meanwhile, Bank of America Merrill Lynch estimates oil prices will remain high. Oil futures reasonably be expected to exceed U.S. $ 140 per barrel within the next three months, as the rapid increase in consumption and supply will be cut due to armed conflict in Libya.
WTI oil contract for May delivery traded up 21 cents to U.S. $ 107.32 a barrel in electronic trading on the New York Mercantile Exchange at 09:40 Sydney time. Yesterday, the same contract soared 86 cents to as low as U.S. $ 107.11. Meanwhile, Brent oil for completion in May rose 1.6% and end the trading session on the ICE Futures Europe at U.S. $ 122.88 per barrel. It's the highest close since April 11.
The rally came after yesterday's oil, the Energy Department said gasoline stocks fell by 7 million barrels to 209.7 million barrels last week. The decline was the biggest since October 9, 1998. In fact, the market predicts only a 1 million barrel decline because of higher fuel consumption in the last five months.
Analyst natural resources of Weiss Research said Sean Brodrick, high prices have not enough influence on demand, to be able to end the bullish trend. "What is interesting in gasoline stocks which fell seven times greater than people expected," he said.
The increase in oil prices in New York also supported the increase in U.S. retail sales for the month of March. This means that U.S. retail sales figures have risen in nine consecutive months, and showed improvement in the labor market.
Meanwhile, Bank of America Merrill Lynch estimates oil prices will remain high. Oil futures reasonably be expected to exceed U.S. $ 140 per barrel within the next three months, as the rapid increase in consumption and supply will be cut due to armed conflict in Libya.
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