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  1. #21
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    Gold Hit By Profit Taking; Support $ 1,450

    Thursday, April 7, 2011

    Spot gold was at $ 1,452.50 per ounce, down $ 6.60 since Wednesday near New York. "There was some profit taking and selling the physical, but a typical Asian action and these sellers will seek to buy back at lower levels.

    Overall, still friendly to gold and I think we will hold above $ 1,450, "said a trader based in Singapore at an international bank.

    The next cue for gold is the ECB meeting, with hawkish talk from ECB president Trichet at a news conference 1230 GMT likely see EUR / USD rebounded above 1.43, which could help gold claw back some ground. EUR / USD is at 1.42966 after topping out at $ 1.43500 late Wednesday.

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  3. #22
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    Brent Crude Oil Could Reach $ 130/Bbl

    Thursday, April 7, 2011

    "The increase in U.S. oil stocks helped put the brakes on crude oil rally, "but it's just a matter of time before the benchmark contract to continue their uptrend, said a trader at Hyundai Oilbank.

    According to the U.S. Department of Energy, crude oil stocks increased by 2 million barrels to 357.7 million barrels last week. Unrest continues in Libya and the countries of other oil producing and sparked fears of supply shortages with the country's main oil-producing countries show little effort to boost production, crude oil has a lot of upside.

    "The movement of Brent prices above $ 120 per barrel has given no triggers proactive policy stance from the manufacturer Indeed,. the nature of the lack of response and the general drift recent policy statement indicates that the producer away from actively seeking to rein in prices reversed, leaving door for $ 130 Brent swung open, "said Paul Horsnell at Barclays Capital. ICE Brent crude oil for delivery can go down 58 cents at $ 121.72/bbl on Globex.

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  5. #23
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    After the Print Record, Gold Prices Stable

    Thursday, April 7, 2011

    SINGAPORE - The price of gold was observed to thin down ahead of rate announcement by the European Central Bank (ECB). Meanwhile, silver prices barely moved after rising to its highest level for more than three decades.

    As quoted by Reuters on Thursday (4/7/2011), the price of gold dropped 31 cents to USD1.456, 69 per ounce, after earlier scoring a new record of USD1.461, 91 on Wednesday due to a weakening U.S. dollar value to the position lowest during the last 14 months against the euro.

    While the price of silver in the spot market has barely changed in 39, 37 per ounce, after earlier scoring a record high in 31 years at $ 39, 75.

    European Central Bank is ready to raise interest rates from the lowest level at 1.0 percent. But it is feared could suppress Lanu euro is now the trend is being strengthened.

    While the yen held near six-month lows against the dollar on Thursday and weakened during the 11-month low against the euro ahead of monetary policy in Japan and the eurozone are expected to raise interest rates.

    Then the price of Brent crude oil rose to its highest level for two and a half years terakhi to USD123 per barrel level on Wednesday, oil prices this sebelumnmya had weakened as market players worried about the recent rally was excessive.

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  7. #24
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    Penetrating Oil $ 110 Per Barrel On Middle East Tensions

    Friday, April 8, 2011

    Oil prices end at 2-1/2 year high on Thursday as fears of supply problems associated with the fighting in Libya and the Middle East turmoil fears overshadow demand driven by an increase in eurozone interest rates and big aftershocks hit Japan.

    Brent crude oil for May delivery rose for the sixth day, closed 37 cents higher at $ 122.67 per barrel, the highest since August 4, 2008.

    U.S. May crude oil futures closed up $ 1.47 at $ 110.30 per barrel, the best since September 22, 2008, rose for a fifth day in six sessions.

    U.S. crude oil climbed after U.S. data showed claims for unemployment benefits fell, adding to signs of strengthening labor market.

    A major aftershock struck northeastern Japan on Thursday night. The latest quake manambah worries that oil demand will go down in Japan, the third largest economy in the world who are trying to recover from the devastation caused by earthquake and tsunami last month.

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  9. #25
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    Gold hits record, Silver Reaches 31 Year High

    Monday, April 11, 2011

    Gold continued strengthening Monday and soared to a record high above $ 1.476 per ounce as the euro climbed to a 15-month high against the U.S. dollar, while stabilizing oil prices helped silver reaches 31-year high above $ 41 per ounce.
    Survive weak yen in early Asian trading on Monday, while U.S. dollars are trying to survive against a set of other major currencies as investors continued to carry trade to the assets had a high yield.

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  11. #26
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    Asia Oil Price Down So U.S. $ 112.73

    Monday, April 11, 2011

    Oil prices on trading Monday (11 / 4) dropped after the African Union states Gaddafi accept peace proposals.

    South African President Jacob Zuma who mempin African delegation in talks in Tripoli to meet Libyan President Muammar Gaddafi a few hours. The meeting was to discuss the possibility of Gaddafi back.

    Crude for May delivery light crude fell 6 cents to U.S. $ 112.73 per barrel on the New York Mercantile Exchange. Meanwhile, Brent crude fell 92 cents to 125, 73 per barrel in London, quoted from finance.yahoo.com.

    On Friday oil prices had touched the level of U.S. $ 126 per barrel for Brent as the highest level since the last 32 months.

    Peace talks in Libya has lowered the price of oil has been weighing on the market. For the world's largest oil exporter, Saudi Arabia confirms production capacity is still large oil reserves making it possible to memenuhni demand and increase supply. Saudi Arabia's production reached 12.5 million barrels per day.

  12. #27
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    Hard commodities will continue rising as long as global economic and political unrest continues

  13. #28
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    Because of the IMF, oil tumbles

    Tuesday, April 12, 2011

    World oil prices dropped significantly from a high level in 30 months on Tuesday, and continued to roost in the depressed price of 108.40 dollars per barrel.
    Drop in oil prices is particularly after the IMF statement on Monday that it lowered the growth forecast American countries and Japan, and this indicates a result of high oil prices cause the threat risk to global economic growth.

    Oil prices fell most sharply torn almost in 4 weeks after the IMF's World Economic Outlook said the U.S. economy will slow from 2010 amid the unemployment rate is above 8% and a slump in consumer confidence.

    It is deepening decline in oil as investors followed the recommendation from Goldman Sachs to take action profit-taking after a rally up to the high level of 30 months.

    The perpetrators of the recent market has been worried about higher oil prices high enough to hamper economic recovery and reduce demand for oil products like gasoline.

  14. #29
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    Gold Recovers Over $ 1460

    Tuesday, April 12, 2011

    Gold continues pressured by profit taking during the previous session to reach the low $ 1453.65/ons level, which seems to provide a boost for Gold to move up and back into the area above the $ 1,460 in mid European session today.
    Weak risk appetite this week as renewed concerns over the emergence of Japan's nuclear crisis further aggravated the already fragile market sentiment. These conditions have pushed demand for safe-haven assets more powerful. Gold bullion that backed last week's near the highest fresh all-time at a slightly higher aversion to risk that carries with stronger safe-haven demand. What's more, the relatively weaker dollar against European currencies made ​​the greenback-denominated commodities more attractive in international markets.

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    Corrected, NYMEX Oil At $ 106/barel

    Wednesday, April 13, 2011

    U.S. crude oil futures traded on the New York Mercantile Exchange re-adding the decline in day-to-3 on Wednesday.
    NYMEX crude oil fell to as low as $ 106 per barrel and have dropped more than 6% from the peak point in the last 32-months in this week mainly due to concerns that price hikes have gone too far and could erode demand.

    U.S. crude has slumped by 5.8% over the last two sessions and is a two-day percentage biggest decline since May 2010, when the Greek state debt crisis and the sharp decline in commodities in euro zone

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