Time to start to buy now. the price quite low already.

Now USD 1319/oz

in the morning, mgia was 1328/oz = 137.xx/g. at 3pm mgia updated to 1328/oz = 138.xx/g. must be the currency

buying?

Yup, USD getting "stronger"
http://www.bloomberg.com/quote/USDMYR:CUR

Nope, Just watching now. I got others commitments

waiting cuz it seems like can go down some more

price now 1320.

1325.. I'm out. Looks like long side doesn't work this time.
Waiting at sidelines to see 1300 can hold or not.

many forex investor predicts it will go below 1300 within this month... i shall wait till it hits 1310

Gold seen falling as Fed tapers

Gold will extend losses as the U.S. economy improves, according to Citigroup Inc. and Morgan Stanley, which said the Federal Reserve’s surprise decision to hold stimulus for now will help prices only in the short term.

Bullion may drop below $1,250 an ounce before the end of the year as economic data strengthens and investors expect the Fed to start reducing its asset purchases, Citigroup analysts Ed Morse and Heath Jansen said in a report today. Bullion will average $1,250 next year, down from $1,405 in 2013, they wrote. Morgan Stanley expects bullion to average $1,200 to $1,350 in the coming year before trending lower, it said in a report.

“The postponement of the tapering decision by the FOMC represents only a short-term reprieve for gold,” the Citigroup analysts wrote. “Does this mean the end of the downtrend in gold? In our view, the fundamental and clear answer is no.”

I have the same feeling too

Slowly increasing. Now USD1326/oz

It moved within that range the whole day

Really, I don't know

Gold prices extended Friday's losses into Monday as investors continued to avoid the precious metal after a key Federal Reserve official said that monetary authorities may consider tapering stimulus programs in October

Any news could affect gold price right now. Some news in Syria could turn the price the other way round.

Gold firms after 3-day drop, Fed uncertainty persists

"As long as this backdrop remains, we can expect gold prices to remain volatile," said OCBC Investment Research's Lim Siyi, who tracks exchange-traded funds. "Most investors have a wait and see attitude right now because it is very hard to predict the upside, especially with all the speculative positions."


Gold premiums across Asia remained weak due to lacklustre physical demand ahead of what is typically a strong buying period for top consumers India and China, which are headed into a wedding and festival season. But the Fed uncertainty and India's attempt to cut gold imports as it tries to wrestle down its ballooning current account deficit are keeping buyers at bay.
"Physical demand is not strong enough to support prices," Lim said.

anyone aware of the upcoming gold futures issues by bursa? our very own local gold futures contract

Gold deposit of 250,000-ton discovered in Fujian: report

A gold deposit with a reserve of 250,000 tons has been found in Dehua county, Fujian province, Fujian Daily reported.

According to the exploration result, the deposit is more than 100m in length and of an average thickness of more than 3m. In total, the reserves are estimated at almost 10 million metric tons of gold ore and more than 250,000 tons of gold.

Exploration is still being carried out on the north of the deposit. Experts said it is possible the find will be a super-large gold deposit.

An official in charge said the find of the porphyry gold deposit has a guiding significance for finding more Mesozoic volcanic rock-hosting gold deposits.

More supply for the global market

more supply and less demand for physical from china and india = lower in price.

Hi guys, newbie here. I need some advice what are the alternatives in investing Gold? Thanks much!