Wednesday, June 13, 2012

Gold trading in Dubai trends

Dubai Gold Market Trends - Dubai Gold Trading

Should Investors Start Considering Gold?

I am doing gold trading in Dubai from last two years and there are various factors and indicators that you should look all times while doing Gold trade. I feel to have a bit successful to trade gold as its made a lot of profit for me. It is actually a favorite among investors in the Middle East and all over the world whether they have only a few hundred of bucks or several thousands to invest. Most financial advisers recommend including gold to investor’s trading portfolios. Buying gold is a good hedge against economic and political downturns which can affect the foreign exchange currencies.

Gold also tends to appreciate in value as the dollar value declines. Just like in Forex trading, the gold trading market is made up of speculators and these can have high peaks or low valleys, therefore having its share of risks when being traded.

Gold Trading in Dubai, UAE

Trust Securities DMCC, an investing broker member of Dubai Gold and Commodities Exchange (DGCX) has announced that the first demand for gold trading in Dubai United Arab Emirates – the second biggest economy in the Middle East – is thriving and off to a good start for 2012.

Trading in gold futures on the Dubai Gold and Commodities Exchange (DGCX) climbed to 355.7% between January to December 2011, while the whole futures volume for the exchange was up 95% for month over the prior January.
The positive media reports during the first half of the year 2011 helped DGCX to attract investors into the gold market as it rose as much as 25% in only two months before reaching its highest point. There are a number of global trends that support the gold’s long term rising movement. One of these is the weakening of the dollar in the markets as it takes fewer dollars for foreign buyers to get their hands on gold. In early January, the dollar plummeted while gold found a bottom shortly before. Since then, the trends of these two moved in opposite directions concurrently.

As more and more investors are entering the gold market, the Dubai Multi Commodities Centre (DMCC), plans to offer spot gold trading in addition to the gold futures that they are offering. They are also considering shifting its gold exchange traded funds from the Nasdaq Dubai to the DGCX where volumes are expected to increase. To get more about Gold trading, there are several Dubai forex brokers, you can get in touch with.

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