This morning seems most of the banks started the price higher than usual what they quote against spot price, now is at 165++. UOB price is more generous.

This post has been edited by junhaussen: Sep 28 2011, 10:16 AM

Gold was Overbought, Uptrend Paused. Overbought gold finally fell, presenting bulls with an opportunity to buy the precious metal. Given the speed and depth of gold’s fall, it will be a while before the yellow metal makes a new high, probably resulting in a period of consolidation.... article from http://goldabout.blogspot.com

This post has been edited by junhaussen: Sep 29 2011, 09:02 AM

CIMB opening 167.4, 162 so high compare mbb, usually is lower than mbb.

for me is time to buy once reach my target USD15xx... but I got meeting later.... wahaha

PBB physical gold withdrawal charges:
50g -RM220, 100g- RM240

CIMB physical gold withdrawal charges: rm1 for every 1 gram


Only can withdraw from selected branch for both bank, and with minimum at least 100g i guess.

This post has been edited by junhaussen: Sep 29 2011, 04:35 PM

check CIMB-PBB-MBB-UOB daily bank price at goldabout. Nice if you need to see a recorded history but is not realtime updates.

source

Comparing the spread among banks, CIMB seems to increased their spread since last week, during the volatile week. Although their spread is lower than MBB and PBB but, this is a downside of CIMB while others will still maintain spread during market gold price go volatile.

Gold prices could see a bounce next week, the majority of participants in Kitco News’ Gold Survey said, although they give different reasons why the yellow metal could strengthen.

In the Kitco News Gold Survey, out of 34 participants, 23 responded this week. Of those 23 participants, 16 see prices up, while three see prices down and four see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.

The European situation is the main influence for gold’s direction for most of the market participants, whether they see higher or lower prices. Some of those who see stronger values next week cited gold’s safe-haven role as a support.


However, several who see weaker prices said gold could ease if investors are worried that the European Union is slipping into a recession. A recession means inflation won’t be a problem and thus gives investors one less reason to buy gold.

Others said if the equity markets can bounce and attract buying, that could give gold support, too. In recent weeks, gold has suffered from lower equity markets as investors sought to use profits from winning gold positions to shore up losses in equities.

Those who see higher prices project gold could return to the $1,700-an-ounce level, with $1,710 to $1,725 the upper end of the target.

Those who see neutral to weaker prices point out gold retains its volatility and a “back-and-forth” trade could be the main feature.

Darin Newsom, senior analyst at Telvent DTN, is one of the participants who see weaker prices. “The market has consolidated the last two weeks. However, a bearish short-term signal posted this week could send the market back to support between $1,610 to $1,580,” he said.

source from: http://goldabout.blogspot.com

there was some forumer mentioned before that Public bank GSA account online price spread is lower than what we saw from their public website...

Can anyone share about the spread. i Dun have Public Bank GSA account so i wanted to know the different.

Thanks

EU Summit outcome on Sunday and Wednesday will make next week trade interesting. - ga

This post has been edited by junhaussen: Oct 23 2011, 10:39 AM

Gold Set Strong, ahead EU summit
Gold prices bounced above $1,700 an ounce on Tuesday, seems investors moving into safety, back to gold on the doubt concerns of European leaders will consent on a plan to end the crisis in the euro zone debt at a summit later in the day.