Sydney Gold Traders pay great prices for your unwanted gold, silver, platinum and fine jewellery .

Now check the price to see if you want to sell your gold and silver:

30-September-2015 Everyday Sydney Gold and Silver Prices

Gold Price $1625/oz, $52.24/g
Silver Price $20.93/oz, $0.63/g

20150930.Gold.Price

 

Call us 02 9231 2535 or go to Sydney Gold Traders to find out more live gold and silver price. Or just bring your gold, silver , jewellery to Shop. Let us test and evaluate them for you.
Visit Our Office Sydney Gold Traders
Suite 12A, Level 5 the Dymocks building 428 George Street Sydney 2000

Gold prices ended the U.S. day session modestly lower Tuesday. The precious metal is weighed down this week by a deteriorating near-term technical posture and a continued lack of safe-haven demand despite shaky world stock markets. December Comex gold was last down $5.20 at $1,126.50 an ounce. December Comex silver was last up $0.052 at $14.59 an ounce.

U.S. economic data Tuesday showed a rise in the consumer confidence index in September, at 103.0 versus 101.3 in August. The September reading was the highest since January. The upbeat figure did not help out the gold bulls as it fell into the camp of the U.S. monetary policy hawks, who want to see U.S. interest rates raised sooner rather than later.

Most Asian stock markets were lower Tuesday, following Wall Street’s sharp drop on Monday. China’s Shanghai stock index was down 2% on the day, while Hong Kong’s Hang Seng index was down 3%. Japan’s Nikkei stock index fell to an eight-month low Tuesday. Australia’s stock market dropped to a two-year low. U.S. stock indexes were stable in afternoon dealings Tuesday.

Traders are looking ahead to Friday’s U.S. jobs report for September from the Labor Department. The key non-farm employment figure is expected to be up 200,000 in September, versus a miss to the downside of up 173,000 in the August report.

The London P.M. gold fix today was $1,132.10 versus the previous London A.M. fixing of $1,124.60.

Technically, December gold futures prices closed nearer the session low again today. Gold bears have the firm overall near-term technical advantage and have regained momentum this week. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the September high of $1,156.40. Bears’ next near-term downside price breakout objective is closing prices below solid technical support at the September low of $1,097.70. First resistance is seen at today’s high of $1,134.30 and then at $1,141.50. First support is seen at today’s low of $1,123.50 and then at last week’s low of $1,120.50. Wyckoff’s Market Rating: 2.5

December silver futures prices closed near mid-range today. Silver bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at the September high of $15.435 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at the August low of $13.95. First resistance is seen at $14.75 and then at $15.00. Next support is seen at today’s low of $14.455 and then at the September low of $14.245. Wyckoff’s Market Rating: 2.0.

December N.Y. copper closed up 25 points at 225.40 cents today. Prices closed near mid-range and hit another four-week low today. Copper bears have the solid overall near-term technical advantage. Copper bulls’ next upside breakout objective is pushing and closing prices above solid technical resistance at the September high of 249.30 cents. The next downside price breakout objective for the bears is closing prices below solid technical support at the August low of 220.25 cents. First resistance is seen at this week’s high of 230.25 cents and then at 232.50 cents. First support is seen at today’s low of 222.55 cents and then at 220.25 cents. Wyckoff’s Market Rating: 1.0.

 

Kito News

MUMBAI: The Lalbaugcha Raja’s kitty is getting bigger with devotees donating generously this year too. Collections of gold, silver and cash are set to rival the previous benchmark.

“We have counted 7kg gold (worth approximately Rs 1.8 crore), 101kg silver (worth approximately Rs 35 lakh) and Rs 6.25 crore cash till Tuesday. Counting is under way, so the values will increase,” says Ashok Pawar, president of the Lalbaugcha Raja Mandal.

Last year, the total value of gold offerings was 5.3kg, silver 110kg and Rs 7 crore cash. The sale of coconuts placed at the deity’s feet also adds to the kitty. Irrespective of the inflationary pressres and the considerable decline in the price of bullion, Pawar said, offerings continue to pour in for the city’s popular Ganpati idol steadily each year.

The large hall where the counting team assembles is a sight to see—there is one set of machines to count currency and a separate set to count various denominations of coins. “Employees of the Bank of Maharashtra as well as the Mahanagar Cooperative Bank have been helping us in thetask . Our mandal volunteers are present all the time too. We have machines to count coins of Re 1, Rs 2, Rs 5 and Rs 10,” says Pawar.

“We will auction the gold and silver offerings between October 1 and 3. This year’s ‘piece de resistance’ is a 500gm golden idol of Lord Ganesha. We have also got smaller gold and silver idols, crowns, necklaces and replicas of houses, mooshak, modak and durva. Gold and silver biscuits of up to 100 gm each will also be on offer,” he adds. The mandal committee will soon meet to decide on sendingits donations to farmers in the suicide-prone belt of Vidarbha and Marathwada.

The Lalbaugcha Raja Mandal is one of the richest in the city alongside the GSB Seva Mandal of King’s Circle. The Lalbaug pandal hosts its deity for 10 days, while GSB immerses its South Indian-style idol on the fifth day. Despite its five-day festivities, GSB’s collections rival the best in the business.

TORONTO, ONTARIO, Sep 29, 2015 (Marketwired via COMTEX) — All amounts expressed in US dollars

Barrick Gold Corporation ABX, -0.80% (ABX) (“Barrick” or the “company”) today announced that it has closed its previously announced gold and silver streaming transaction with RGLD Gold AG, a wholly-owned subsidiary of Royal Gold, Inc., for production referenced to Barrick’s 60 percent interest in the Pueblo Viejo mine.

Barrick has received an upfront cash payment of $610 million and will receive continuing cash payments for gold and silver delivered under the agreement. Proceeds from the transaction will be used to reduce debt.

Distinctive characteristics of the agreement include:

— Significant upside price participation for Barrick.
— Not subject to a Barrick guarantee, and not treated as a debt-like
obligation.
— Obligation of Barrick to sell gold and silver under the agreement is
serviced using after tax cash flow being remitted from the Dominican
Republic.

Under the terms of the agreement, Barrick will sell gold and silver to Royal Gold equivalent to:

— 7.5 percent of Barrick’s interest in the gold produced at Pueblo Viejo
until 990,000 ounces of gold have been delivered, and 3.75 percent
thereafter.
— 75 percent of Barrick’s interest in the silver produced at Pueblo Viejo
until 50 million ounces have been delivered, and 37.5 percent
thereafter. Silver will be delivered based on a fixed recovery rate of
70 percent. Silver above this recovery rate is not subject to the
stream.

Ongoing cash payments to Barrick are tied to prevailing spot prices rather than fixed in advance, maintaining material exposure to higher gold and silver prices in the future. Barrick will receive ongoing cash payments from Royal Gold equivalent to 30 percent of the prevailing spot prices for the first 550,000 ounces of gold and 23.1 million ounces of silver delivered. Thereafter payments will double to 60 percent of prevailing spot prices for each subsequent ounce of gold and silver delivered.

“This innovative agreement allows us to strengthen our balance sheet in the short term, while preserving material exposure to higher gold and silver prices in the future,” said Barrick President Kelvin Dushnisky.

Barrick maintains its 60 percent equity ownership interest in Pueblo Viejo and its associated rights under the joint venture agreement with Goldcorp Inc., including operatorship of Pueblo Viejo. This transaction does not affect any of Pueblo Viejo’s obligations to the Dominican Government.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The word “will” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities; changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and political or economic developments in the Dominican Republic and other jurisdictions in which the company does or may carry on business in the future; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; diminishing quantities or grades of reserves; operating or technical difficulties in connection with mining or development activities, including disruptions in the maintenance or provision of required infrastructure and information technology systems; damage to the company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the company’s handling of environmental matters or dealings with community groups, whether true or not; the speculative nature of mineral exploration and development; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; fluctuations in the currency markets; litigation; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; our ability to successfully complete transactions; and employee relations.

In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

Original Artical

 

Sydney Gold Traders pay great prices for your unwanted gold, silver, platinum and fine jewellery .

Now check the price to see if you want to sell your gold and silver:

29-September-2015 Everyday Sydney Gold and Silver Prices

Gold Price $1625/oz, $52.24/g
Silver Price $20.93/oz, $0.63/g

Call us 02 9231 2535 or go to Sydney Gold Traders to find out more live gold and silver price. Or just bring your gold, silver , jewellery to Shop. Let us test and evaluate them for you.
Visit Our Office Sydney Gold Traders
Suite 12A, Level 5 the Dymocks building 428 George Street Sydney 2000

Gold Market To Watch For Potential Gov’t Shutdown And Employment Data

Friday September 25, 2015 15:30
(Kitco News) – The surprise resignation of U.S. Speaker of the House John Boehner could take some safe-haven demand away from the gold market next week as the move reduces the chance of a government shutdown Oct. 1.

Many analysts had noted that a potential government shutdown, as a result of a funding gap at the start of the month, would have been positive for the yellow metal. In a report published earlier in the week, TD Securities said they saw a 55% chance of a government shutdown.

Boehner’s announcement means that social conservative Republicans in the House can no longer threaten to remove him as Speaker if he didn’t support their plan to shut down the government.

Increased risk sentiment helped gold prices to end Friday’s session modestly lower with prices settling at $1,145.60 an ounce; however, the yellow metal has managed to end the week in positive territory, up 0.6% – its second consecutive weekly gain.

Looking ahead, although more bears have entered the marketplace, the majority of retail investors and market analysts in Kitco’s Weekly Gold Survey expect momentum to continue to push gold prices higher next week.

This week, 301 people participated in Kitco’s online survey. Of those respondents, 154, or 51%, were bullish on gold in the short-term. At the same time, 112 people, or 37%, were bearish and 35, or 12%, were neutral on gold prices.

Out of 35 market experts contacted, 19 responded, of which 10, or 53%, said they expect to see higher prices next week. At the same time, seven analysts, or 37%, expect to see lower prices, and two people, or 11%, were neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

“Gold has done really well the last couple of week and I suspect that we could see higher prices,” said Chris Beauchamp, senior market analyst at IG. “There is appetite to see this rally continue.”

Beauchamp added that he could see gold prices retest recent highs of around $1,155 an ounce.

Ralph Preston of Heritage West Financial noted that the technical picture appears to favor higher gold prices. “Prices are above the 50-day moving average (DMA) and $40 below the 200-DMA. If prices are able to climb above the 200–DMA, currently at $1182.10, I think that we will see a larger bull market begin to emerge,” he said.

At the same time, he added that a push below support at $1,095 would erase the current bullish market sentiment.

While markets will keep an eye on the posturing on Capitol Hill, the second key event of the week will be Friday’s release of September’s nonfarm payrolls report. According to consensus estimates, economists are expecting that 202,000 jobs were created in September.

Phil Streible, senior market strategist at RJO Futures, said that gold prices could move a little bit higher next week but he would be looking to establish new short positions as he sees the rally losing momentum on positive U.S. economic data.

“I don’t think employment will disappoint markets next week and as a result gold will fall,” he said.

Several analysts have noted that another 200,000 print in employment would pressure the Federal Reserve to hike rates in September, matching Fed Chair Janet Yellen’s recent comments that the central bank sees higher rates by year end.

“Yellen’s attempt late yesterday to restore the focus to a likely rate hike this year tempered the enthusiasm for gold and led to the pullback,” said Ken Morrison, editor of the newsletter Morrison on the Markets. “I expect gold continues to trend lower this week likely testing first support [at] $1,125.”

Adam Button, currency strategist at Forexlive.com, said that he could see a stronger U.S. dollar pressuring gold prices next week.

However, some analysts have warned that markets shouldn’t read too much into Yellen’s recent comments. Sean Lusk, director of the commercial hedging division at Walsh Trading, said that although Yellen was hawkish in her comments Thursday, the central bank has a habit of making hawkish comments at public events and then turn dovish during monetary policy meetings.

“I think people are going to start to realize that the Fed is not in any hurry to raise rates and in that environment, I think, dips in the market are going to be bought,” he said.

 

Original Artical