now usd 1245/oz

juz watching the show now, later may consider reload

The physical price of gold as at 5pm stood at RM124.25 per gramme, down RM1.50 from RM125.75 at 5pm yesterday - Bernama

around rm120/g

I'm just small time investor, juz buy GIA only

Gold set for biggest weekly loss in two months on Fed stimulus fears

Gold was heading for its sharpest weekly drop in more than two months as strong US economic data and uncertainty over the timing of the rollback of the Federal Reserve's stimulus measures sent the metal to its lowest since early July.

Gold and silver were both on track for a near 4-per cent weekly drop.

"Some kind of price consolidation is possible as sentiment is quite mixed right now," said Mark To, head of research at Hong Kong's Wing Fung Financial Group.

To said that selling-pressure on the metal was not as strong as in the first half of the year due to assurances from some top Fed officials that stimulus would continue for longer.

Outflows have totalled 450 tonnes this year. Physical demand picked up slightly due to the price drop but many buyers were still on the sidelines hoping for further declines, dealers said.

This post has been edited by davinz18: Nov 22 2013, 03:35 PM

Goldman: 2014 will see gold, copper drop 15% or more

Gold bugs may want to look away right now.

In a huge report highlighting 10 top market themes for 2014, Goldman Sachs put commodities at number 9, saying downside risks are growing, calling for “significant declines” — 15% or more — at least by later next year. The same is also seen for iron ore and soybeans, says the report that published Wednesday.

Overall, Goldman Sachs chief market economist Dominic Wilson and his team note that what they saw last year — an ongoing shift in their commodity views, ultimately towards downside price risk — remains the story for the sector. A strong supply picture in response to a period of “extraordinary price pressure continues to flow through the system,” he says.

don't worry, u may achieve your reload target very soon who knows by end of the year

The physical price of gold as at 5pm stood at RM125.26 per gramme, up RM2.09 from RM123.17 at 5pm - Bernama

USD 1251/oz now

The physical price of gold as at 5pm stood at RM125.31 per gramme, up 5 sen from RM125.26 at 5pm yesterday - Bernama

The physical price of gold as at 5pm stood at RM124.80 per gramme, down 51 sen from RM125.31 at 5pm yesterday - Bernama

The physical price of gold as at 5pm stood at RM124.91 per gramme, up 11 sen from RM124.80 at 5pm yesterday - Bernama

that's very expensive

someone told me go Kuala Pilah if want cheaper price. Found one FB page about it.

https://www.facebook.com/leewahgoldsilver

if jewelry got in masjid india area (near maybank). they also cheap but the jewelry Indian style. gold bar or coins I don't know if they sell not

The physical price of gold as at 5pm stood at RM124.04 per gramme, down 87 sen from RM124.91 at 5pm last Friday - Bernama

The physical price of gold as at 5pm stood at RM122.29 per gramme, down RM1.75 from RM124.04 at 5pm yesterday - Bernama



This post has been edited by davinz18: Dec 3 2013, 08:39 PM

Gold holds near five-month low as US data fuels taper talk

Gold prices held near their lowest since early July on Tuesday after US data fuelled expectations that the Federal Reserve is set to taper its monetary stimulus, further dampening investment interest in the metal.

"Sentiment remains bearish, and larger players choose to stay away for now," VTB Capital analyst Andrey Kryuchenkov said.

"Given QE uncertainty, why would you want to boost your gold holdings?

"The greenback (will) remain relatively firm in 2014 and the market is well aware of that. The opportunity cost of holding gold will only increase from here, while subdued inflation and reduced macro risks make its safe-haven or inflation-hedging properties obsolete."

Dealers said buying among consumers in Asia, the world’s biggest market for physical gold, increased on Tuesday due to the sharp overnight drop in prices, but many consumers remained on the sidelines as they expected prices to go lower. I'm one of them

The physical price of gold as at 5pm stood at RM121.86 per gramme, down 43 sen from RM122.29 at 5pm yesterday - Bernama

Analysis: Gold prices may retreat next year

GOLD has had a great run but all good things must come to an end. For the first time since the turn of the new millennium, the precious metal’s price looks set for an annual decline, weighed down by the looming tapering of the US Federal Reserve’s quantitative easing (QE) programme as well as a stronger global economy.

“Gold prices are expected to retreat in 2014 as investors shift into other asset classes amid speculation that the US will lower its asset buying stimulus. Prices may average above US$1,200 per ounce next year from over US$1,400 in 2013,” says Gan Eng Peng, head of equities in Hwang Investment Management Bhd.

Already, global gold exchange-traded product (ETP) holdings have declined 29% this year to the lowest level since 2010, amid concerns that the Fed will begin QE tapering, says Gan.

“ETP holdings need to stabilise to offer better support for gold prices. Apart from the expected Fed QE tapering weighing on investor sentiment, the performance of alternative assets has aggravated this weakness despite the tapering being delayed,” he explains.

“Gold has been presented with a number of catalysts over the past year and in particular over the past two months, but all of which have failed to reignite investor demand,” notes a research report by Barclays.

Furthermore, India, the world’s largest gold consumer, saw import regulations tightened in an effort by the Indian government to protect its current account deficit from widening. As a result, Barclays estimates that India will only import 73 tonnes of gold in the fourth quarter of this year compared with 225 tonnes last year. If this trend continues, China would easily overtake India as the world’s top gold consumer.

Chinese demand heading into Chinese New Year is expected to provide support on the downside, Barclays notes in its report. However, it also cautions that physical demand would only provide a small buffer for the precious metal.

These days, demand is being channelled into plain-vanilla physical gold, which has picked up thanks to the relatively cheaper prices.

However, since the outlook on gold prices looks to be flat, many of Golden Bullion World’s clients have been liquidating their inventories to invest in other assets, including in the recent initial public offering rally. For now, many of the buyers are high net worth individuals who have the holding power for gold.