if like this trend, tmrw could be around USD1345/oz

correct

See how the bank price tmrw, they the one fixed the selling price

Gold could fall to $1,250 if Fed tapers next week: UBS

The outlook for gold prices looks gloomy if the Fed goes ahead and begins tapering its securities purchases, Bank of America analysts say.

Such a move at next week’s FOMC meeting would represent the first step in a tightening of the Fed’s monetary policy. An increase in interest rates, or even the promise of increased interest rates demonstrated by tapering bond purchases, would depress gold prices because “rates represent opportunity costs of holding gold,” wrote BofAML metals strategist Michael Widmer in a note. The Fed currently buys $85 billion in mortgage and Treasury debt each month.

Gold prices would probably fall to $1,250 an ounce in the first move, said Joni Teves, an analyst at UBS, in an interview with CNBC on Tuesday. “But I certainly wouldn’t rule out another attempt below $1,200 if, for example, the Fed is more aggressive than the market is currently expecting,” she said in the interview.

“Armed conflicts especially in the Middle East have historically had a visible impact on gold prices through increased geopolitical risk and often oil price spikes,” wrote BofAML analysts. “We believe this time is not different: gold could rally immediately after the conflict starts although the rally could subside if the conflict does not escalate.”

But given the easing of geopolitical tensions, “the key for gold is if the situation escalates or if it is protracted,” said Teves on CNBC.

So do you add more gram to mbb GIA?

Today price already reduced to rm146/g from rm150

Nowadays we cannot predict the price. Suddenly it would shot up because of some "war" issues. Suddenly it would dropped because "war" delayed & fed tapering

The 1200/oz is just what UBS predicts, don't know can reach that level not

your money, your decision

nope. wait & see the situation

Gold Trades Near Three-Week Low as Obama Seeks Syria Delay

Gold futures swung between gains and losses, reaching the lowest in almost three weeks, after U.S. President Barack Obama asked Congress to delay a vote on military action against Syria, diminishing demand for a haven.

“For the time being at least, the Syrian crisis is averted,” David Govett, head of precious metals at Marex Spectron Group in London, said today in an e-mail. “For now, it would seem that the ‘war premium’ has gone. Now we are left with the Federal Open Market Committee meeting next week, where it seems that most people are looking for some sort of quantitative-easing tapering.”

Obama will pursue a Russian proposal to have Syria surrender its chemical weapons to international authorities, he said yesterday from Washington. The development postpones a congressional vote on using military force against Syrian President Bashar al-Assad’s government following an Aug. 21 chemical attack that the U.S. says killed more than 1,400 people.

“Gold prices have started to decline with the declining probability of a military intervention,” Goldman analysts including Jeffrey Currie wrote in a report, issued before Obama’s address. “We continue to expect that gold prices will decline into 2014 on the back of an acceleration in U.S. activity and a less accommodative monetary-policy stance.”

Gold Hits 1-Month Low Pre-Fed, Asian Stockpiles Cut Bar Demand Outlook in Half

"Gold's massive trading volumes in mid-year will now dwindle," says the latest Gold Survey Update from Thomson Reuters GFMS, because inventories amongst the world's heaviest consumer nations are already "generally heightened" following the surge in re-stocking during 2013's price crash.

"India is the exception, [because] changes in import and distribution rules have meant that inventories generally are low, while smuggling is on the increase," says the report.

Overall, and even with the world's former No.1 consumer being eclipsed by China in 2013, GFMS is now expecting"a tangible contraction" in jewelry fabrication and perhaps a 50% drop in gold bar demand worldwide during the second-half of the year.

For professional investors, and "as geopolitical risks fade," Bloomberg quotes chief investment strategist Wang Xiaoli at CITICS Futures, China's largest brokerage by market value, "the focus is shifting back to QE and the Fed meeting next week.

"We expect the market to remain volatile till then."

With the US Fed widely expected to start tapering its quantitative easing program next week, "The one thing I would say is that we should expect volatility," agrees Peter Sands,CEO of Standard Chartered Bank, speaking to CNBC at the World Economic Forum in Dalian, China.

"When you have that degree of intervention, stopping it is not going to be a smooth and simple process."

Now already USD1331/oz

Anytime now going for below USD1300/oz

This post has been edited by davinz18: Sep 12 2013, 10:42 PM

Now already USD1326/oz

Gold heads for worst week in 2 months on Syria, Fed

“We expect there will be volatility” before the Fed meeting, said David Lennox, a resource analyst at Fat Prophets in Sydney. “Investors are jumping out of the safe haven of gold” as concerns about a U.S. military strike against Syria ease, he said by phone today.

The Fed’s exit from quantitative easing will increase market volatility, former U.S. Treasury Secretary Henry Paulson said yesterday. “When you have a big, ugly, messy problem, there is never going to be a perfect, elegant solution,” he said in an interview on Bloomberg Television.

Now already USD1310/oz
Goldman Sachs says that there’s a risk that gold may drop below $1,000 an ounce

This post has been edited by davinz18: Sep 13 2013, 04:32 PM

Gold Drops to Five-Week Low on Stimulus Outlook, Syrian Talks

Gold fell to a five-week low on speculation the Federal Reserve will slow stimulus next week and amid talks on a plan for Syria to surrender its chemical weapons. Silver headed for the biggest weekly drop since April.

“The risk premium that was seen in gold seems to be fading now, after tensions with Syria eased,” analysts at Hyderabad, India-based Karvy Comtrade Ltd. wrote today in a report. “Expectations that the U.S. Federal Reserve this month may start to unwind its monetary stimulus” will pressure gold in the near term, they said.

“We expect there will be volatility” before the Fed meeting, said David Lennox, a resource analyst at Fat Prophets in Sydney. “Investors are jumping out of the safe haven of gold.”

Gold futures suffer a weekly loss of almost 6%

Gold futures closed lower on Friday, suffering a loss of almost 6% for the week as investors mulled the likely nominees for U.S. Federal Reserve chairman and the outcome of the central bank’s monetary policy meeting next week.

Gold investors also factored in some downbeat forecasts for prices from major investment banks.

“We believe that far more important than the ‘will the Fed or won’t the Fed taper debate’ is the fact that [Fed Chairman Ben] Bernanke is set to retire very soon,” said Mark O’Byrne, executive director at GoldCore, in emailed comments.

1Provisional.

2Percentage change, 12 months ended June 2013 vs 12 months ended June 2012.

3Exchange Traded Funds and similar products including: Gold Bullion Securities (London), Gold Bullion Securities (Australia), SPDR® Gold Shares (formerly streetTRACKS Gold Shares), NewGold Gold Debentures, iShares Comex Gold Trust, ZKB Gold ETF, GOLDIST, ETF Securities Physical Gold, ETF Securities (Tokyo), ETF Securities (NYSE), XETRA-GOLD, Julius Baer Physical Gold, Central Fund of Canada and Central Gold Trust, Swiss Gold, iShares Gold Bullion Fund (formerly Claymore Gold Bullion ETF), Sprott Physical Gold Trust, ETF Securities Glitter, Mitsubishi Physical Gold ETF, CS ETF II (formerly Credit Suisse Xmtch) and Dubai Gold Securities.

 GDT_Q2_2013.pdf ( 358.09k ) Number of downloads: 6




This post has been edited by davinz18: Sep 14 2013, 06:36 PM

Gold reverses early gains, US stimulus outlook eyed

Gold slipped on Monday, reversing early gains as growing conviction the U.S. Federal Reserve would decide to roll back its stimulus from this month dented the metal's appeal as a hedge against inflation.

The consensus is that the Fed will initially reduce its bond purchases, now $85 billion a month, by $10 billion or perhaps $15 billion and will announce the taper to its quantitative easing (QE) after its Sept. 17-18 meeting.

Easing geopolitical tensions in Syria also hurt gold's safe-haven appeal on Monday. The United States agreed to call off military action against Syria under a deal with Russia to remove President Bashar al-Assad's chemical weapons stockpile.

Hedge funds and money managers slashed bullish bets in futures and options of the U.S. gold markets for the first time in 5 weeks, pressured by easing tensions over Syria and expectations that the Fed will begin to unwind its monetary stimulus, a weekly report by the Commodity Futures Trading Commission showed on Friday.

Now USD1319/oz

Gold near five-week low, stimulus outlook in focus

Gold hovered just above a five-week low on Tuesday as traders waited for guidance on when the U.S. Federal Reserve will begin tapering its massive economic stimulus.

"From the current economic situation in the United States, we expect only a mild tapering, not any big action," said Helen Lau, an analyst at UOB-Kay Hian in Hong Kong. "So there would still be support for gold prices." Lau said if the Fed does not begin tapering its stimulus this year, gold prices could be between $1,400 and $1,500 by the end of the year.

"The technical signals are neutral now, with strong support at $1,307," Phillip Futures analysts wrote in a note. "We are inclined to believe that the support level will not hold and prices are likely to head straight for $1,227.20 should there be large movement that breaks out of the current consolidative range," the Phillip analysts said.

I'm not sure.

What can I see is that the price kept dropping. Example the GIA price 2 week ago 150/g, now 140/g

I'm watching only

It's your decision

http://jinjack.net/vdraw/grab/gold_rate/