Gold prices spiked early Thursday
Park Avenue Numismatics, Miami Beach, FL – April 10, 2014 – Gold prices spiked early Thursday, getting a boost after minutes from the Federal Reserve’s most recent meeting had a less hawkish tone than investors expected. Gold moved above $1,317.25 overnight, and now the price is within striking distance of the next resistance level at $1,320.24. Concerns among Fed officials about low inflation also indicated many that rates will stay lower for longer and the emphasis will now fall on the next Fed meeting. Equities were on the rise Thursday. As far as gold is concerned, a perceived dovish stance helps because when more monetary stimulus is flowing, that makes the precious metal’s appeal as an inflation hedge more attractive.
Gold prices push through a key level on Tuesday, grabbing $1,300-an-ounce
Park Avenue Numismatics, Miami Beach, FL – April 7, 2014 – Gold prices pushed through a key level on Tuesday, grabbing $1,300-an-ounce again and pushing well past that level at the open. This comes as the dollar moved lower and headlines out of the Ukraine continued to rattle investors. A weaker dollar and Geo-Political concerns in the Ukraine will also correspond to stronger gold prices and can drive buyers back to Gold as a safe-haven trade.
U.S. stocks slid on Monday while Gold trades just below $1,300.00 an ounce
Park Avenue Numismatics, Miami Beach, FL – April 7, 2014 – U.S. stocks slid Monday, adding to Friday’s drop, which was led by the once high flying biotech and Internet stocks. Asian and European markets have joined in the tech-led slump. With Monday’s session light on economic data, investors are looking ahead to the start of first-quarter earnings season, and some analysts sound downbeat about the coming reports. The S&P 500 was last down 9 points, or 0.5%, to 1,856, while the Dow Jones Industrial Average shed over 100 points, or 0.6%, falling to 16,267. The Nasdaq Composite slid another 20 points, or 0.5%, to 4,107. Gold is off its lows, down only $4.90 an ounce and Silver down just 0.9 at $19.97 during the trading day.
Gold moves higher on Friday after data showed U.S. jobs growth in March coming in slightly under expectations
Park Avenue Numismatics, Miami Beach, FL – April 4, 2014 – Gold moved higher on Friday after data showed U.S. jobs growth in March coming in just under expectations fueled the view of a more dovish Federal Reserve. Both January and February payrolls were revised higher, but the unemployment rate was unchanged at 6.7%, versus calls for a slight dip to 6.6%. Analyst see the this as a bullish sign for the precious metals. The February non-farm payrolls figure was upwardly revised by a modest amount, and that somewhat mitigated the slight miss on the March payrolls number.
Mixed Signals by the Federal Reserve keep the markets moving higher
Park Avenue Numismatics, Miami Beach, FL – April 3, 2014 – Gold prices moved higher yesterday on short-covering and investors looking for bargains. U.S. equities moved higher on better-than-expected economic reports. Gold last traded at $1,290 an ounce. Silver at $20.05 an ounce. With the Federal Reserve sending mixed signals to the investment community, key analysts are advising investors to be cautious moving forward. Recently, Fed Chair Janet Yellen stated that the Fed would continue to taper its bond buying activities and would consider raising interest rates in 2015.
This had an impact on the financial markets and on the price of gold as well. Until Wednesday, gold had been trading downward away from the $1,300 an ounce as investors focused more on the equity markets. Now, the precious metal may be starting to strengthen again heading into the key jobs number on Friday.
Gold futures rebounded Wednesday as demand for gold remains strong
Park Avenue Numismatics, Miami Beach, FL – April 2, 2014 – Gold rebounded Wednesday morning, pushing higher as economic data mounts ahead of the jobs report at the end of the week. A day earlier, gold failed to break into positive territory, instead sticking to a tight range as traders looked forward to U.S. economic data for clues on the metal’s demand outlook. Gold last traded at $1,280 an ounce. Silver at $19.69 an ounce. It’s clear that demand for gold coins is brisk and well based the smashing success of the U.S. Mint’s $5 gold baseball coins. The coins went on sale last Thursday in conjunction with the start of 2014 Baseball season. All 50,000 of the gold coins were sold by Monday afternoon. The last time the U.S. Mint sold out of a commemorative coin was in 2005. Demand for gold is also surging in Japan. Japanese consumers are buying up gold bars ahead of a controversial hike in the country’s sales tax due to hit today. Gold sales increased five-fold in March as talk of the tax emerged. This coupled with the notion that Japanese investors may be looking to protect themselves against inflation.
China helps Gold stay above $1.300 per Ounce
Park Avenue Numismatics, Miami Beach, FL – March 26, 2014 – Gold prices is finding support at a key trading level above $1,300.00 by the prospect of high demand from China. Chinese authorities in January granted more banks a license to import gold, helping meet the high gold demand of the Chinese population. There has been a surprisingly large rise in Chinese imports that has helped push Gold above $1,300 an ounce. Data from the Census and Statistics Department of the Hong Kong government showed on Tuesday that net imports in February to China totaled 112.3 tons, marking the highest level since October and nearly twice as high as in the same month as last year. This data would have contributed to the increase in the gold price for February, when Gold rose 6.6%.
Gold moves higher for the fifth day in a row
Park Avenue Numismatics, Miami Beach, FL – March 14, 2014 – Gold moved higher for the fifth-straight session on Friday as geopolitical jitters ahead of Crimea’s referendum, a weaker dollar and lackluster demand for U.S. equities helped gold prices gain more than 3% on the week. Gold settled in around $1,382.00 an ounce, holding ground at the highest levels since September. For the week, prices gained roughly 3%. Silver also had a nice run recently, adding nearly 25 cents, hovering near $21.50 an ounce. A day earlier, gold banged out another strong showing as investors fled blue-chip stocks to the tune of a 231-point decline. U.S. equities traded modestly higher on Friday, while the U.S. dollar weakened, providing support for dollar-denominated gold.
NetworkHR » Before Relocating To China
NetworkHR » Before Relocating To China
Have you recently decided to relocate to China with your job? You will have a great deal of things to prepare. And the process will involve a lot more than just packing. Plan everything ahead so you are on the safe side and make sure you have all your paperwork ready so you avoid any unpleasant surprises such as not being allowed to enter the country. Below you will find some useful tips to consider.
Make Sure The Time Is Right
If you are not sure it is yet time to move to China, postpone your leaving. Timing is critical when travelling abroad, with special emphasis on completely relocating. Set all of your deadlines the right way and see if you can get everything done in time. Careful about your passport. Make sure it is valid. Apply for a visa beforehand, as it might take a few months – at least 6. Learn if you need a visa and apply as soon as possible.
More Planning Ahead
Purchase your flight tickets and make sure your current driver license will be valid there – there are cases when you might need an international license which is valid just for one year. Get all the required vaccines and set your travel insurance abroad. Before you leave, try your luck at your favorite game of lottery – HE MicrosoftInternetExplorer4
play national lottery online and purchase your tickets online on the spot. Give powers of attorneys over your financial matters to a person you can put your trust in while you will be gone from the country. In case you will be renting a house, make sure your landlord is given a few months’ notice regarding your intention of leaving. Redirect your mail to China though Post Office and inform the tax authorities of your intention of relocating to Asia.
Gold breaks through $1,360 an ounce with a second day of gains
Park Avenue Numismatics, Miami Beach, FL – March 12, 2014 – Gold breaks through $1,360 an ounce in early trading, scoring a second-consecutive day of session gains. This is primarily due to worries over Ukraine and concerns surrounding a slowdown in Chinese economic growth. Once again, International issues has lifted the metal’s safe-haven appeal for investors. Analyst believe that the safe haven trade has been among the major reasons behind the current price gains. Silver also had a nice day breaking through $21.00 an ounce, up .23 in early market trading.