اسعار الذهب والفضه ليوم 31/12/2014م

- سعر الذهب 1197.7 $

- سعر الفضه 16.2 $

DAILY MARKET COMMENTARY, 31st of December, 2014, Wednesday




Market Overview

Gold advanced toward the highest level in more than a week as a retreat in the dollar and global equities boosted demand. The precious metal is little changed this year after sinking to a four-year low in November.

Bullion for immediate delivery rose as much as 0.5 percent to $1,206.30 an ounce and traded at $1,202.30 at 11:31 a.m. in Singapore, set for the first monthly advance since August, according to Bloomberg generic pricing. The metal, which reached a four-year low of $1,132.16 on Nov. 7, climbed to $1,210.74 yesterday, the highest level since Dec. 18.

Gold rose 0.1 percent this year after losing 28 percent in 2013 as the Federal Reserve moved closer to raising interest rates, while policy makers from Europe to China took steps to spur growth. That boosted the dollar to a five-year high, hurting demand for the metal. Investors cut holdings in the biggest exchange-traded product backed by bullion 11 percent this year, after a 41 percent reduction in 2013.

“Any strength in gold should be used as an opportunity to sell it,” said Mark Keenan, head of commodities research for Asia at Societe Generale SA in Singapore. “We view the price in a firm downtrend and prices to continue trending lower. The downtrend is broadly driven by a frame**** of recovering U.S. economy and rising rates.”

Assets in the SPDR Gold Trust contracted to 710.81 metric tons as of yesterday, the lowest in more than six years, data compiled by Bloomberg show. Central banks will buy about 400 tons to 500 tons this year from 409.3 tons in 2013, the World Gold Council predicts.
GOLD TECHNICAL LEVELS:

Pivot: 1191
Our preference: Long positions above 1191 with targets @ 1214 & 1223 in extension.
Alternative scenario: Below 1191 look for further downside with 1182 & 1170 as targets.
Comment: Technically the RSI is above its neutrality area at 50.
Supports and resistances:
1232 **
1223 **
1214 ***
1201.83 Last
1191 *
1182 *
1170 *
SILVER TECHNICAL LEVELS:

Pivot: 15.96
Our preference: Long positions above 15.96 with targets @ 16.475 & 16.65 in extension.
Alternative scenario: Below 15.96 look for further downside with 15.7 & 15.5 as targets.
Comment: The RSI is above its neutrality area at 50%.
Supports and resistances:
16.9 **
16.65 **
16.475 ***
16.25 Last
15.96 **
15.7 **
15.5 *