The physical price of gold as at 5pm, stood at RM139.87 per gramme, up RM1.23 from RM138.64 at 5pm yesterday - Bernama

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.

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

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.

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.

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

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

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

The physical price of gold as at 5pm, stood at RM136.59 per gramme, down 77 sen from RM137.36 at 5pm yesterday - Bernama

Gold Solidly Lower, At 3-Week Low, As Bulls Losing Technical Control

Gold fell to the lowest in four weeks on Thursday after massive sell off from stockists following US Fed chair Janet Yellen affirmed tapering to continue and indicated upward revision in interest rate early 2015, earlier than previously expected.

“Yellen believes that the US economy is improving and hence there is no need to continue low interest rates for longer period. Instead of no deadline for interest rate hike earlier, Yellen hinted that the rate hike will see an upward move beginning early 2015. An upward revision in interest rate would raise holding cost of gold. Therefore, massive sell off started amid scare of high holding cost of dollar denominated commodities including gold,” said Gnanasekar Thiagarajan - Director - Commtrendz Research.

The Ukraine-Russia matter has moved from an international crisis to a regional squabble, from the perspective of the market place. Gold is no longer drawing a safe-haven bid from this situation.

huh

Gold on target for biggest weekly fall in 6 months
http://www.thestar.com.my/Business/Busines...ll-in-6-months/

The physical price of gold as at 5pm, stood at RM137.66 per gramme, up RM1.07 from RM136.59 at 5pm yesterday - Bernama

Gold up yet still set for biggest weekly fall in 4 months

Gold rose on Friday ahead of a series of speeches by US Federal Reserve officials but was still on track for its biggest weekly fall since November following the Fed's hints of an interest rate hike in the first half of 2015.

It was on course for a 3.3 percent weekly fall. "After the Fed policy meeting we saw gold fall and touch support around $1,320," MKS SA head of trading Afshin Nabavi said.

"But with tensions again escalating between Russia and the West, the market has become more jumpy because it is not only the macroeconomics driving prices but also the political situation, at least in the short term."

The physical sector noted light buying from jewellers, but demand from main consumer China remained slow because of a weak yuan, which hit a 13-month low. Premiums for gold bars in Hong Kong were unchanged from last week at $1 an ounce to the spot London prices.

Weakening differentials between 99.99 percent purity gold on the Shanghai Gold Exchange and cash gold discouraged imports.

Gold ticks lower on dollar, palladium holds near 2-1/2-year high

Gold fell half a percent on Monday after posting last week its biggest weekly drop since November on the prospect of a US interest rate hike in early 2015 that has boosted the dollar and dented the metal's appeal as a hedge against inflation.

A lack of activity in the physical sector also raised some concerns, with demand from top consumer China likely to be subdued because of a weak yuan and the discounted prices on the Shanghai Gold Exchange, which discourage imports.

Gold is under pressure from the US dollar as the US Federal Reserve scales back its quantitative easing programme and has suggested a rise in interest rates quicker than expected, said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

"We can say the initial support will be $1,325 to $1,320. The downside may be $1,300, and let's see if it can break that or not. On the upside, I think $1,350 could be capped," Leung said.

Gold near 6-week low; headed for first monthly decline this year

Gold was trading near a six-week low on Monday, and was headed for its first monthly decline this year on growing optimism about the U.S. economy and weak physical demand in Asia.

"Prices will go down further since those factors supporting gold in the first quarter are weakening now, such as geopolitical issues, and the emerging markets crisis," said Chen Min, a precious metals analyst at Jinrui Futures in Shenzhen.

Physical demand in Asia could pick up if prices fall to $1,180-$1,200, Chen said.

Physical demand in top bullion buyer Asia has been quiet due to the recent volatility in gold prices, which have edged lower for two straight weeks.

Only Japan has seen some pick-up in demand as consumers brought forward their purchases ahead of a sales tax hike from April 1.

Gold up for 2nd day on short-covering ahead of U.S. jobs data

Gold added to sharp overnight gains on Thursday, as investors looked to square positions before the release of U.S. nonfarm payrolls data that could provide clues about the state of the economy and the outlook for the Federal Reserve's stimulus.

"This is not a very inspired rally. A lot of people who are holding short positions are trying to square up before nonfarm
payrolls," said a precious metals trader in Hong Kong.

"Some of the key physical markets in Asia are really silent these days, which is not a very positive factor for gold. And as
the stock markets make fresh highs, it becomes tougher and tougher for gold to compete."

Traders had hoped physical demand would climb with gold prices at a seven-week low earlier in the week, but the recent
rally could discourage buyers.