Reasons I invest in gold is to hedge against:
1. Debasement of.currency
2. Conflicts

Its not for the bling bling

https://www.google.com/amp/s/www.fxstreet.c...ct-202404142319

Gold price up up up...
Thanks to Iran - Israel conflicts going on 🔥

That'll be the resistance level, I guess.

When gold ATH all ppl rush to buy?
When Bitcoin ATH rush again?
When US Stock ATH rush again?

Like that how make money.

Time to pick up some kilobars
About 370K+ a piece now...jeez

There is no better feeling than a gold brick in hand

Until it is stolen or forgot where u hide it.

Israel missile strike on Iran.

Gold hit new time high on commex.

missile? no such news....?

only nikkei falls 3% due to slow inflation.

unconfirmed... maybe earthquake or oil refinery fire...??
Stock futures drop 1% on unconfirmed reports of explosions in Iran: Live updates
https://www.cnbc.com/2024/04/18/stock-marke...ve-updates.html

So we can expect some corrections on gold now onwards..

Won't be spike any higher & break new record anymore 😕

it's all peaceful n quiet. so, gold takes a correction.

there r many forecasts around.

the most common one is that it will retreat to $2320 in the next day or 2.

or maybe it will bounce around current 233x for a week or 2.

i m prepared to see it go below 2300.

becos that means a buying opportunity!

longer term, i still see it crossing $2450 by year end.

RM... maybe 4.99 if the next budget 2025 is more of the same as 2024.

gudluk to all!

Im hoping it goes down to 2200 level so that i can top up

drivers... war, trader barriers, disease...

at this time, nothing... all is peace & quiet.

still, there appears to be solid support at $2300.

if it can hold the night, it may make some gain tmr... but is it the bottom?

what i read... europeans been dumping gold, north americans hv turned net buyers since march.

let's watch the game!

No tax

only "service fee" by the buyer on the total value & $$$ being given to seller (owner of gold bar)

yesterday cud hv been a buying opportunity for some as it hit $2284/RM350 spot.

but it was a holiday. now, back to $2325/RM360.
from powell's comments last night, the key takeaway was he ruled out further rate hikes but rate cuts will be delayed for sure.

for now, with no significant geopolitical dev lately, price not dependent on rate cut but will get a big boost when it happens.

meanwhile, central banks were still accumulating in march, april data not available yet.

SG added 4 tonnes in march, i read. Malaysia... not in the action, RM not going anywhere, i wud think.

https://www.fxstreet.com/news/gold-price-ri...on-202405011741

meanwhile, this may hv a serious impact on the RM:
https://www.thevibes.com/articles/news/1018...es-on-sanctions

$2414/363.8

Therefore, the most likely scenario is that XAU/USD might test the all-time high of $2,431. Once cleared, the next stop would be the $2,450 mark, followed by the psychological $2,500 figure.