Gold Futures Edge Lower On Profit Taking, Greece Fears Support

Investors notched the biggest one-day gain after seven weeks of the previous session before the gold price sell gold for the duration of the post fell Wednesday.

New York Mercantile Exchange Comex division, losing 0.39% of gold for delivery in December term, USD1, 646.05 one troy ounce late Asian trade exchanges.

Previously USD1, 631.15 one troy ounce per day of at least 0.85% of world trade has dropped.

Gold prices in the euro zone policy makers hoping to take measures to support the economy of the area in the back of strong gains in global stocks increased by 3.6% on Tuesday on the need to raise funds to meet the reduction of losses in other markets.

However, some investors move to sell the positions of profit and profit has led to the lock.

Ongoing concerns about the loss of the debt problems of Greece pale European optimism about the recovery of the debt has been constrained by the sovereign.

Financial Times, the rescue plan for the second country in Greece euro area are divided on the conditions reported, the financing needs of the country's growing concern in recent months has increased dramatically.

At the end of the day, the European Fund for financial stability in Finland was the realization of the potential increase in the vote.

Gold is often in times of economic uncertainty and protection against the financial risk is considered an alternative currency.

Meanwhile, London-based GFMS Limited is the industrial group, due to the attractiveness of gold as a safe haven and the debt related to the concerns of European and global growth, uncertainty remains intact, "he said Tuesday in a report. "

Industry group maintained that the gold price will reach USD2000 per ounce at the end of the year.

USD3.356 per pound of copper for December delivery fell 2.43% to trade at other places in the Comex, silver for December delivery, fell 0.1% to trade at USD31. 50 ounces troy.

Gold Futures Rebound From 3-Day Rout on Bargain-Buying

Negotiate the purchase of gold-term defeat in three days to recover

It was also announced strong growth, while silver-term opportunities for investors to buy gold term coined by the largest three-day decline since the 2008 financial crisis, that on Tuesday, recovered quickly.

New York Mercantile Exchange Comex division, October delivery, gold for the duration of their biggest daily gain since March 2009 on the road to a maximum of 3.91%, USD1, 654.95 one troy ounce late Asian trade transactions.

USD1 657.95 an ounce before trading at 4.15% of the daily maximum was increased to.

Some investors sold the precious metal to raise money to cover losses in other markets, gold prices, the last three trading sessions, fell almost 14%.

However, some of the sharp drop in prices in the euro zone and concerns about the global economic outlook and concerns about the debt crisis of the fall would be more reluctant to bet the traders led to the purchase of negotiation.

Monday, senior politicians EUR440 million from the European financial stability, the European Central Bank ECB funds can be used as collateral for the debt, he said.

Greater role in EFSF are, however, the German parliament Thursday approved an important vote.

There is a good result would allow gold traders "are positioned before the vote on EFSF precious metals, on Monday, reported the global financial services company Commerzbank selloff of dollars and risk appetite up ".

Golden wedding and festival season starts in September and October ahead of the consumers buying gold purchases in India, increased physical demand increases, prices supported.

USD3.365 per pound of copper for December delivery increased by 2:51% for trade in other places in the Comex, silver for December delivery, rose% to trade at 6:07 USD31.79 oz.

Silver Morgan Stanley, "a growing concern for industrial use" and the recent decline attributed to "a small piece of high investor base."

Copper Pulls Back From 14-Month Low As Sentiment Improves

Feeling the copper futures market by speculation European Central Bank cut about a possible increase in interest rates by a minimum of 14 months as losses are taken on Monday, were compared.

Decrease of 1.15%, the European is USD3.279 per pound for December delivery traded on the New York Mercantile Exchange, Comex copper futures division.

Previously, the lowest trade since July 22, 2010 USD3.072 sterling fell 6.9%.

The ECB management board, after Ewald Nowotny, amid speculation that the region could be of interest rates to stimulate the appetite for risk improvement in the economy, said members should not be a possibility of reductions in interest rates should be discarded.

"The ECB will never pre-committed and rate reductions can not be ignored. It all depends on future developments," said Nowotny before.

Following the performance of the dollar against a basket of six index dollar exchange foreign, 78 comments against the U.S. dollar was trading down 0.25% and provided support to the single currency, 72 years, up 0 , 6% of pre-contrast.

A weaker dollar increased demand for raw materials as an alternative investment, and the dollar-priced goods cheaper for holders of other currencies is.

Copper-term expectations of demand for industrial metals weighed the first concerns the emergence of global economic growth fell sharply.

CME Group, operator of a Comex margin deposit for a walk at the same time the positions of speculative investors had to be an increasing amount of money.

After the close of business Friday, the market on Monday after closing, an initial margin of CME, U.S. $ 6, 750 contracts of copper increased by 18%.

A silver medal for December delivery fell 3.13% to trade elsewhere on the Comex, October delivery, gold, USD1, 636.15 one troy ounce earlier losses to facilitate exchanges of 0.16% over USD29. 18 troy ounces of 10-month low.

Margins per ounce of silver contracts 875 5000 contracts, while 16% of the FMC USD24, 475 to 100 oz contract USD9, 450, USD11 for the first margin increased to 21% of gold contracts.