watch 8.30pm tonight.

March’s jobs report is due at 8:30 a.m. ET. Economists expect that the U.S. added 200,000 jobs last month and that the unemployment rate slipped to 3.8%.

$2327, RM355.

The pressure on Fed to cut rates by June isn't going away.

Middle east tensions may escalate anytime.

$2600 by yr end isn't far fetched anymore.

On the other hand, we watch how the subsidy removal thingy will play out later in the year. With imminent inflation resulting from that, u know where the RM will head to.

yr forecast is too low.

is the current sharp spike a bull trap?

who knows... but central banks hv been buying; china holdings has incr to 2262 tonnes.

definitely a new record today.

$2356, RM360.

have a wonderful holidays!

i wudn't expect it but let's see what USA March CPI report says at 8.30pm tonight.


AU is never a cepat kaya thing, better plan to hold for 2, 5, 10 years.

$3000 is possible, says BoA, by 2025.
https://markets.businessinsider.com/news/st...tune-1033234049


btw way, copper is near all time high, anyone knows a convenient way to buy some CU? or AG?

interesting:

sounds like crypto is more suitable for u... v volatile!

after holidays, new record high, again:

$2389/oz; RM366/g.


note RM weakened, 3.769/$.

hv a nice weekend!

First rate cut hasn't even happened yet. Maybe time to buy more!


Last Wednesday, the sticky consumer inflation data pushed markets to reduce their expectations on the magnitude and timing of the Fed's interest rate cuts. The majority of analysts adjusted their forecasts for the initial rate cut, moving it from June to September, and revised their outlook for the year to anticipate two reductions instead of three. Meanwhile, the ECB held interest rates at a record high but signaled it could start cutting as early as June.

$2400/oz, RM368/g reached at 3.58pm.


RM... from talk of recovery to 4.30, 4.50... now, it's back to talk of 4.80 n beyond...
https://www.nst.com.my/business/economy/202...dollar-if-china

This post has been edited by AVFAN: Apr 12 2024, 04:04 PM

are u young enough to live another 20 years?

if yes, it should be rm100,000 per oz in 2044.

if u have 50 oz, that wud hv cost u rm50k in 2002, now worth rm500k, will be worth rm5mil in 2044.

more or less.

really, keeping gold does not make u rich but preserves yr wealth v well.

whether chicken rice, car or house, the price is almost the same in mg, g or kg of gold over long periods of time like 20, 40 yrs.

i m sure u agree.

This post has been edited by AVFAN: Apr 12 2024, 06:07 PM

u had the patience, not many do.

i cashed out too early in round one.

will not make the same mistake twice.

do u believe?

Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
https://www.cnbc.com/2024/04/16/gold-is-shi...says-citi-.html


some useful sites to read about GOLD:

https://tradingeconomics.com/commodity/gold
https://www.gold.org/
https://www.kitco.com/
https://www.fxstreet.com/news/gold-price-su...ns-202404151946

gold spot price has come down from peak $2400/oz or rm370/g to 2367/365.

it is likely gold price will soften in the immediate future barring other development.

so, if u wanna buy, there may come good opportunities soon.

wanna sell, anytime la... since profits sudah dapat.


Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025
https://www.cnbc.com/2024/04/17/wall-street...until-2025.html

Goldsmiths selling jewellery at more than RM400 per gramme as demand for gold soars
https://www.nst.com.my/business/corporate/2...old-soars%C2%A0

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

looks likely... dow futures -500, oil +3%....

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!

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!