Gold futures contract opened lower today on lack of demand for the precious metal.

At 9.35am, March 2014 declined 46 ticks to RM143.30 a gramme and April 2014 dropped 43 ticks to RM143.60 a gramme.

Turnover stood at 53 lots while open interest amounted to 982 contracts.

Physical gold was RM2.00 lower at RM138.59 a gramme.-- Bernama

https://goldnews.bullionvault.com/gold-prices-031720142

Hi Sifus,
i wanna ask about the gold account in CIMB. i wanted to sell my gold but it kept saying that I have exceeded my daily limit of RM 1000. does anyone knows where can i change this setting? Thanks in advance.

Dear all,

Today's gold price fr Al Rajhi Bank Malaysia - 18/03/2014

Weight
Bank Buy (RM/pc)
Bank Sell (RM/pc)

10g
1,386.50
1,580.25

20g
2,772.99
3,111.15

50g
6,932.48
7,676.55

100g
13,864.95
15,276.45

500g
69,324.75
75,884.55

1000g
138,649.50
150,994.14

For further info, can PM me.

Gold Falls From Six-Month High as Equities Gain on Factory Data, profit-taking

Gold declined from a six-month after U.S. industrial production increased more than expected, curbing demand for the metal as an alternative investment.

“The strength in the U.S. data is taking some sheen off gold, and the Fed meeting is back in focus,” David Meger, the director of metal trading at Vision Financial Markets in Chicago, said in a telephone interview.

Analysts said even though gold may extend gains in the short term on geopolitical tensions and worries about China's economic slowdown, the metal is due for a pullback after recent gains.

"Correction potential is building up, which would come into play if the Crimean crisis were to ease," said Eugen Weinberg, head of commodity research at Commerzbank.

Technical selling and renewed liquidation by hedge funds could also limit the precious metal's gain, analysts said.

Physical gold or paper gold?

Hi, it is physical gold - PAMP Suisse 999.9
For more info can PM me. Thanks

The physical price of gold as at 5pm, stood at RM138.56 per gramme, down RM2.03 from RM140.59 at 5pm yesterday - Bernama

Play with gold is even riskier than dealing with equities

Gold drops as equities rebound on Putin speech

Gold fell 1 percent on Tuesday as European equities rebounded after Russian President Vladimir Putin's latest comments on Crimea lifted appetite for risk, while investors awaited a U.S. Federal Reserve policy meeting.

In a speech to a joint session of parliament, Putin said Russia does not want to seize more of Ukraine after approving plans to make Crimea part of Russia.

"The market had positioned itself for a worst-case scenario in Ukraine but that has not really materialised, we had sanctions introduced by Europe and the U.S. and those are not going to really scare Mr Putin," Saxo Bank senior manager Ole Hansen said.

"As long as that is the kind of response that we are seeing, I think that the risk of an escalation in tensions in the area is probably reduced."

The physical market saw some selling, with demand from top consumer China likely to be muted in coming weeks as domestic prices stayed at discounts to cash gold.

At current situation we are trading gold at an opportunistic stance and its quite high risk. We r trading based on geopolitical potential war tension or slight bad economic DTA from US or Europe n China...

If can make a bit gain don't be greedy n just let go... For gold to be in a 1-3 years bull run as the previous case US govermnt sovereign debt or any credit crisis need to happen big time. N I don't see this can happen until at least end of next year...

Dear all, today's gold price update with Al Rajhi Bank


PAMP SUISSE GOLD BAR

As at 19/3/2014 at 9.15am

Weight
Bank Buy (RM/pc)
Bank Sell (RM/pc)

10g
1,383.03
1,577.63

20g
2,766.06
3,105.90

50g
6,915.15
7,663.43

100g
13,830.30
15,250.20

500g
69,151.50
75,753.30

1000g
138,303.00
150,732.89

For further info, kindly pm me or contact me at 012-3307835. TQ

Gold extends losses ahead of Fed policy review

Gold extended losses to a third session on Wednesday, moving away from a six-month high touched earlier this week as cautious investors stayed on the sidelines ahead of a policy decision by the U.S. Federal Reserve.

"There are subtle signs of a possible slowdown in the recovery process in the U.S., but expectations are still that the Fed will go ahead with cutting monthly bond purchases by another $10 billion," said Joyce Liu, investment analyst at Phillip Futures in Singapore.

"Whatever happens in the world, whether it's the Crimean crisis or China's bond default, they are temporary safe-haven hedges. Ultimately, the gold market will still revert to the U.S. economy. Investment demand in gold is highly driven by the state of the economy in the U.S."

With domestic gold prices in China also trading at discounts to cash gold, dealers in Hong Kong and Singapore noted a slowdown in physical demand.

"I just looked at the chart and Chinese gold prices are at discounts," said a dealer in Singapore.

http://www.thestar.com.my/News/Nation/2014...ng-250-victims/

becareful in buying physical gold from unknown sources

One of the victim actually made "huge" profit at first but when 2nd time invest bigger amount, he got conned

Moral of the story: sell all & take the profit, don't invest 2nd time & be greedy

its ok to invest the 2nd time but i think it must be cash on delivery la. plus, u have to make sure that u are able to "consume" 300k worth of physical gold. must plan properly la. how r u going to transport or store this 300k worth of gold. 10k is still ok.

u got point there. anyway the person who "sold" the gold already "gone" overseas

if 1 gram of gold is rm150 then 300k can buy 2000g of gold...

The physical price of gold as at 5pm, stood at RM137.36 per gramme, down RM1.20 from RM138.56 at 5pm yesterday - Bernama

where to keep? Storage problem