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canada goose black friday sale LONDON, July 1 (Reuters) Gold surged to a record high near $1,265 Canada Goose Coats On Sale an ounce in June, as concerns over the stability of the global financial system and volatility in other assets classes boosted investment interest in the precious metal. canada goose black friday sale

canada goose coats on sale Following are key facts Canada Goose Parka about the market and different ways to invest in the precious metal. canada goose coats on sale

canada goose store London is the hub of the global spot gold market, with nearly $30 billion in trades passing through London clearing system each day. To avoid cost and security risks, bullion is not usually physically moved and deals are cleared through paper transfers. canada goose store

canada goose Other significant markets for physical gold are India, China, the Middle East, Singapore, Turkey, Italy and the United States. canada goose

FUTURES MARKETS Investors can also enter the market via futures exchanges, where canada goose uk outlet people trade in contracts to buy or sell a particular commodity at a fixed price on a certain future date.

Canada Goose sale The COMEX division of the New York Mercantile Exchange is the world largest gold futures market in terms of trading volume. The Tokyo Commodity exchange, popularly known as TOCOM, is the most important futures market in Asia. Canada Goose sale

canada goose clearance China launched its first gold futures contract Canada Goose Jackets on January 9, Canada Goose online 2008. canada goose clearance

Canada Goose Parka Gold held in New York SPDR Gold Trust (GLD) XAUEXT NYS TT, the world largest gold backed ETF, rose to a record high of 1,320.436 tonnes in June. The ETF holdings are equivalent to more than half global annual mine supply, and are worth some $52.6 billion at today prices. Canada Goose Parka

Canada Goose Outlet BARS AND COINS Retail investors can buy gold from metals traders selling bars and coins in specialist shops or on the Internet. They pay a small premium for investment products, of canada goose clearance sale between 5 20 percent above spot price depending on the size of the product and the weight of demand. Canada Goose Outlet

INVESTORS Rising interest in commodities, including gold, from investment funds in recent years has been a major factor behind bullion rally to historic highs. Gold strong canada goose uk shop performance in recent years uk canada goose has attracted more players and increased inflows of money into the overall market. DOLLAR Despite the recent drop in the canada goose coats usual strong correlation between gold and the euro dollar exchange canada goose coats rate, the currency market still plays a major long term role in setting the direction of gold.

Canada Goose online Gold is a usually popular hedge against currency weakness. currency also makes dollar canada goose priced gold cheaper for holders of other currencies and vice versa. Canada Goose online

This link sometimes breaks down in times of widespread financial market stress, however, as both gold and the dollar benefit from risk aversion. Their ratio turned positive in late 2008 and early 2009 after Canada Goose Online the Lehman Brothers crisis.

cheap Canada Goose OIL PRICES Gold has historically had a correlation with crude canada goose store oil prices, as the metal can be used as a hedge cheap canada goose uk against oil led inflation. Strength in crude prices can also boost interest in commodities as an asset class. cheap Canada Goose

buy canada goose jacket FISCAL AND POLITICAL TENSIONS The precious metal is widely considered a haven, bought in a flight to quality during uncertain times. buy canada goose jacket

Financial market shocks, as seen in the aftermath of the collapse of Lehman Brothers and more recently in the case of burgeoning euro zone debt problems, tend to boost inflows to gold.

Major geopolitical events including bomb cheap Canada Goose blasts, terror attacks and assassinations can also induce price rises.

canada goose deals CENTRAL BANK GOLD canada goose black friday sale RESERVES Central banks hold gold buy canada goose jacket as part of their reserves. Buying or selling of the metal by the banks can influence prices. canada goose deals

On Aug. 7, 2009, a group of 19 European central banks agreed to renew a pact to limit gold sales, originally signed in 1999 and canada goose uk black friday renewed for a further five years in 2004.

buy canada goose jacket cheap Annual sales under https://www.uscanadagooseoutletsale.com the pact are limited to 400 tonnes, down from 500 tonnes in the second agreement, which expired in late September. Sales under the new pact have been low, however. buy canada goose jacket cheap

HEDGING At the beginning of the canada goose coats on sale 21st century, when gold prices were languishing around $300 an ounce, gold producers sold a part of their expected output with a promise to deliver the metal at a future date.

canada goose clearance sale But when prices started rising, they suffered losses and there was a move to buy back their hedging positions to Canada Goose sale fully gain from higher market prices, a practice known as de hedging. canada goose clearance sale

canada goose coats Significant producer de canada goose factory sale hedging can Canada Goose Outlet boost market sentiment and support gold buy canada goose jacket cheap prices. However, the rate of de hedging has slowed markedly in recent years as canadian goose jacket the outstanding global hedge book shrank. canada goose coats

Canada Goose Jackets SUPPLY/DEMAND Supply and demand fundamentals generally do not play as big a role in determining gold prices as those of other commodities because of huge above ground stocks, now estimated at around 160,000 tonnes more than 60 times annual mine uk canada goose outlet production Canada Goose Jackets.