The physical price of gold as at 5PM, stood at RM131.23 per gramme, down RM1.05 from RM132.28 yesterday - Bernama

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Gold price to average $1225/oz in 2014 – GFMS
http://www.miningweekly.com/article/gold-p...gfms-2014-04-17

Gold Drops to Two-Week Low on Technical Indicator Signal

Gold retreated to the lowest level in more than two weeks as a technical indicator used by some traders and analysts signaled further declines.

While tension between Ukraine and Russia spurred gains in the past month, there has been little physical buying at current prices, according to Kate Harada, precious-metals general manager at Tanaka Kikinzoku Kogyo K.K. in Tokyo.

“Gold closed last week below its 200-day moving average, which is a bearish technical factor that may pressure the gold market,” said Liu Xu, a precious metals analyst at Capital Futures Co. in Beijing.

Gold prices ease off 10-week lows, upside seen limited

Gold prices edged higher on Wednesday, easing back from the ten-week lows struck in the previous session, but gains looked likely to remain limited as weakening Chinese demand for the precious metal and signs that the U.S. economy is improving weighed.

Concerns over slackening demand from top buyer China also continued to weigh after the World Gold Council said last week that physical demand is likely to stagnate this year.

The weaker Chinese yuan also made it more expensive for buyers to buy gold. The yuan fell to 16-month lows against the dollar on Wednesday, as China’s central bank continued measures aimed at deterring speculators betting on a rising currency.

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Gold Near 10-Week Low as U.S. Data Weighed With Ukraine

Gold traded near a 10-week low as investors weighed tension over Ukraine and U.S. data that may give clues to the outlook for reduced stimulus.

“Gold received some support from the escalation of the crisis in Ukraine, as well as U.S. home sales data,” said Lv Jie, a Hangzhou-based analyst at Cinda Futures Co., a unit of one of four funds in China created to buy bad debt from banks. “We still think the U.S. is on the road to economic recovery, which will pressure gold lower in the longer term.”

The physical price of gold as at 5pm stood at RM131.48 per gramme, up RM1.05 from RM130.43 at 5pm yesterday - Bernama

Gold Rises a Third Day as Ukraine Keeps Selling on Hold
http://www.bloomberg.com/news/2014-04-25/g...a-improves.html

Gold holds above $1,300/oz on Ukraine stand-off
http://in.reuters.com/article/2014/04/28/m...N0NK2LP20140428

Gold near 1-week low after Fed taper decision

Gold prices traded near a one-week low on Thursday, following the Federal Reserve’s decision to taper its monthly bond-buying program by $10 billion for the fourth consecutive meeting.

Gold prices were likely to find support at $1,268.40 a troy ounce, the low from April 24 and resistance at $1,306.60, the high from April 28.

The physical price of gold as at 5pm stood at RM130.37 per gramme, down 84 sen, from RM131.21 at 5pm last Wednesday - Bernama

Gold hits 3-week high on Ukraine tensions, soft dollar

Gold hit three-week highs on Monday in thin trade, extending the previous session's gains, as simmering tensions in Ukraine, a retreat in the dollar and a break above a key chart level fuelled buying.

Investors remained cautious on whether the gains can be sustained, however, as several markets were closed and as outflows from the top physical gold exchange-traded fund continued to indicate bearish sentiment.

"We had a bit of an unexpected surprise when China opened up, with some heavy buying going through," it said.

Gold Trades Above 1-Week Low Amid Violence in Ukraine

Gold held above a one-week low as investors weighed violence in Ukraine and signs of higher demand in China against an improving U.S. economy.

“While the situation in Ukraine has been lending support to gold prices, it may be limited as no one is expecting an all-out war,” said Lv Jie, a Hangzhou-based analyst at Cinda Futures Co., a unit of one of four funds in China created to buy bad debt from banks.

“Physical demand is steady at these levels and the health of the U.S. economy will continue to determine direction.”

where u heard that? SOS @ link

The physical price of gold as at 5pm stood at RM129.82/g, down 46 sen from RM130.28/g at 5pm from last Friday - Bernama

The physical price of gold as at 5pm stood at RM129.28/g, down 54 sen from RM129.82 at 5pm from yesterday - Bernama

Gold hits 4-month low, eyes longest losing streak in 7 mths

Gold fell for a fifth session on Monday, its longest losing streak in seven months, as rallying stock markets diverted interest from bullion, and ahead of the latest European Central Bank policy meeting and key U.S. data this week.

Physical buying failed to pick up as consumers expect gold prices to fall even further. In top buyer China, banks are also adequately stocked from last year's record imports, leaving them to focus on selling existing stocks first.

"On the physical side, the trade remained largely anaemic, with few changes to near flat Shanghai Gold Exchange premiums to (spot prices) last month," VTB Capital said in a note.

"Notably, volumes on the SGE 999 gold contract tumbled to near one-month lows at the end of last week, with little sign of Chinese bargain hunting at current levels."

Other data also showed that hedge funds and money managers cut their bullish bets in U.S. gold futures and options in the latest week to their lowest level in nearly four months, another sign of waning investor interest in the metal amid higher equities.

Gold trades above 4-month low ahead of ECB rate decision

Gold was trading above a four-month low on Thursday ahead of a European Central Bank meeting but looked vulnerable to more losses if the central bank meets expectations to cut rates, a move that could weaken the euro against the dollar.

"The expectation is that there will be some sort of monetary stimulus measures, possibly accompanied by a rate cut," Mitsubishi Corp analyst Jonathan Butler said. "There is still potentially a safe-haven role for gold in a lower interest rates world, but overall in the short term that is going to be outweighed by the impact of FX."

"Of course a lot of this may already be built into the price ...we have seen pretty much a week of net selloffs and we seem to be approaching a level of support just above $1,240."

Gold Up, at 3-Week High, on Safe-Haven Demand, Iraq turmoil

Gold prices are moderately higher and hit a three-week high in early U.S. trading Monday. Safe-haven demand for the precious metal has surfaced as geopolitical tensions are on the rise.

It’s a modest “risk-off” day in the market place Monday, as the situation in Iraq deteriorated during the weekend. The Sunni rebel group trying to gain control of Iraq claims it has executed 1,700 Iraqi Shiite government soldiers. Earlier reports said the rebels have captured Iraqi government military hardware (supplied by the U.S.) and hundreds of millions of U.S. dollars in cash from the Iraqi central bank. Reports also said the U.S. may be reaching out to Iran for help on dealing with this growing crisis.

And the Russia-Ukraine tensions are still running high as Russia reportedly has cut the natural gas supply to Ukraine and said it will supply natural gas to Ukraine only if paid for in advance.

Investors were also cautious ahead of the outcome of the upcoming Federal Reserve policy meeting on Wednesday, as they await fresh indications on the timing of possible interest rates increases.