Things seem to be pretty contradictory if you observe carefully. Fed may be increasing rates around the middle of the year which would cause investors to opt for dollar backed assets. This in return puts a downward pressure to the price of gold.

However, looking at the economic instability of a few countries, gold may do well.

Hence the only thing that you could do now is to buy a little now at around 1,210 and get a bigger portion into it when it goes below 1,000.
I entered at around 1300 and felt that the prices of gold would increase a little more in the short term before i could exit but things went the opposite direction
*edited spellings

does these applies to gold coins? Cause i notice coins price right now is still high doing at RM4691/oz @ USD1221/oz. whereby last time when gold was around USD1220, coins are doing at RM4100-4300/oz. I'm talking about Kijang Emas though.

Any sifu can tell me how BNM fix the price every morning?

does these applies to gold coins? Cause i notice coins price right now is still high doing at RM4691/oz @ USD1221/oz. whereby last time when gold was around USD1220, coins are doing at RM4100-4300/oz. I'm talking about Kijang Emas though.

Any sifu can tell me how BNM fix the price every morning?

I am not sifu. Not sure your last time usd1220 is when? Gold is traded in US$, when RM depreciate against US$, it will appear even though there is not much changes in terms of US$ but in RM currency, it fluctuates a lot. BNM follows the Gold price in the world market and convert it back to RM.

In fact I am interested in buying Kijang Emas but undecided when to buy. Last month it was traded at RM49xx..

I am not sifu. Not sure your last time usd1220 is when? Gold is traded in US$, when RM depreciate against US$, it will appear even though there is not much changes in terms of US$ but in RM currency, it fluctuates a lot. BNM follows the Gold price in the world market and convert it back to RM.

In fact I am interested in buying Kijang Emas but undecided when to buy. Last month it was traded at RM49xx..

I'm no sifu but I think it's because of the weaker RM against USD since gold spot price is priced in USD. It's make sense too since we've two variables that is changing, (A)-Gold spot price itself(in USD) (B)-USD-MYR rate. If (A) is around the same but now price is higher, then it must be (B) that has significant change. Unless it's MBB that is charging more premium now on the coin. Not sure if it'll drop below 1200/Oz. again but I think I'm going to get GML this time when it hovers near 1200/Oz.
If you're thinking of flipping it after in short term, you're better off with shares?

ahh. it make sense now of the weaker RM during conversion. no wonder the prices are high now even gold has dropped on the international market.

Another question, is it easy to liquidize the kijang emas back to cash to MBB? Means like if i were to sell it back, i'll just walk into the mbb branch and sell it off?

Gold sliding down @USD 1208 now. Still waiting for it to slide down further before I convert my cash into gold.
Where's the gold price forecaster in this thread?

Gold sliding down @USD 1208 now. Still waiting for it to slide down further before I convert my cash into gold.
Where's the gold price forecaster in this thread?