Author Topic: Spot Gold Price (Per Ounce)  (Read 70611 times)

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1100 on: November 10, 2017, 05:08:29 AM »



1287

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1101 on: November 11, 2017, 06:05:17 AM »



1276

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1102 on: November 13, 2017, 10:28:03 PM »



1278

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1103 on: November 14, 2017, 04:57:14 AM »



1278

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1104 on: November 15, 2017, 05:20:41 AM »



1281

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1105 on: November 16, 2017, 05:22:27 AM »



1279

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1106 on: November 17, 2017, 04:53:32 AM »



1279

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1107 on: November 18, 2017, 05:36:17 AM »



1294

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1108 on: November 21, 2017, 05:01:17 AM »



1277

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1109 on: November 22, 2017, 05:11:40 AM »



1279

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1110 on: November 23, 2017, 05:22:46 AM »



1292

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1111 on: November 24, 2017, 05:11:01 AM »



1291

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1112 on: November 25, 2017, 05:24:42 AM »


1288

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1113 on: November 28, 2017, 05:15:29 AM »



1294

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1114 on: November 29, 2017, 04:56:00 AM »



1293

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1115 on: November 30, 2017, 05:00:25 AM »



1287

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1116 on: December 01, 2017, 05:10:20 AM »



1277

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1117 on: December 02, 2017, 04:59:47 AM »



1285

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1118 on: December 05, 2017, 05:08:11 AM »



1279

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1119 on: December 06, 2017, 05:19:55 AM »



1270

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1120 on: December 07, 2017, 05:24:06 AM »



1267

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1121 on: December 08, 2017, 05:02:59 AM »



1247

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1122 on: December 09, 2017, 05:16:46 AM »



1250

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1123 on: December 12, 2017, 05:02:25 AM »



1244

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1124 on: December 12, 2017, 06:42:15 AM »



Four reasons why you shouldn't count gold out just yet
BUSINESS NEWS
Monday, 11 Dec 2017

12:00 PM MYT
image: https://www.thestar.com.my/~/media/online/2017/12/11/04/03/gold.ashx/?w=620&h=413&crop=1&hash=745AAEEDB995F1AB80952B92ACF693E8A279330A


SYDNEY: Remember gold?

It seems like only six years ago the shiny metal was flavor of the month, hitting a record US$1,900 a troy ounce while its backers prophesied the end of the fiat money system.

With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy for the amount of fun and profit available for precious metal traders, touched a record low of 10.17 last month, from levels north of 37 back in 2011.

That may be overdue a change. Despite suffering its worst week since May last week, the outlook for gold could be stronger now than it has been for several months. Here's why.

1. Interest rates
That may look like a typo, but it's not. The received wisdom is that higher interest rates -- like the US Fed Funds rate hike expected Wednesday -- are bad news for gold. That's because tighter money tends to be accompanied by better bond yields and stronger earnings, highlighting commodities' inability to produce income for investors.

The truth isn't quite so simple. After all, spot gold was stuck around US$1,060 an ounce two years ago when the U.S. Federal Reserve started lifting rates above their post-financial crisis level of 0.25 percent. At 100 basis points north of there, gold is trading around US$1,248 an ounce.

Chart gold against US 10-year Treasury yields and it looks distinctly like the metal tends to sell the rumor of rate rises, and buy the fact. Every time yields have peaked north of 2.5 percent over the past five years, gold has promptly rallied. Economists predict that yield barrier should be broken some time in the first quarter of 2018.

2. The seasons, they go round and round
As Gadfly has argued previously, gold exhibits a pronounced seasonality. January, February, July and August -- the four months this year when the metal has rallied most strongly -- had, on average, been the best months to buy gold over the previous 10 years.

That seems to relate to resurgent demand from bar, coin and ETF investors coinciding with the tail end of the Diwali-Christmas-Lunar New Year peak buying period for jewelry. Whatever the reason, it's enough of a consistent pattern these days that it's starting to become a self-fulfilling prophecy -- traders' beliefs have a way of driving their buy and sell orders, and ultimately the market.

3. What an unpleasant surprise
Gold is the downer at every economic party. When the good times are rolling, people would rather be punting their money on FAANGs or dragon-head stocks than a prehistoric metal that's an emblem of miserliness. No wonder, with the global economy celebrating as it has been in 2017, bullion doesn't have a dance partner.

Still, all parties must come to an end -- and it's worth reflecting on just how unexpectedly good things have been lately. Citigroup Inc.'s surprise index for data on major economies reached a reading of 49.5 last month, a level it hasn't breached since 2010. Expectations eventually catch up to a run of positive surprises, leading to disappointment as consistently as hangovers follow too much celebratory drinking.

4. A bit of bad news
You didn't think we'd make it through a whole column with only a passing reference to cryptocurrencies, did you?

Bitcoin's wild gyrations could be the spark to set any of the above factors in motion. Given the similarities between the investment philosophies of gold bugs and bitcoin fanatics, it's hard to escape the notion that the precious metal has been so somnolent precisely because so much of the hot money has been going into zeroes and ones.

Bitcoin, YTD +1,560%
It's anyone's guess when or why bitcoin fever will break, but at a time when the bosses of major brokerages are warning darkly of ďa catastrophe in the cryptocurrency market,Ē it's not impossible to imagine a disorderly retreat.

If that happens, many of the fiat-money brigade who've pumped up the value of digital currencies will switch quickly from bitcoin, to cash, to their perceived safe haven of gold. More sober investors also tend to cling to the metal in moments of panic such as Brexit and the election of Donald Trump.
Gold may be a barbarous relic -- but relics are rarely more attractive to investors than when they're trembling before the power of the market's gods.

Don't count it out just yet. - Bloomberg

Read more at https://www.thestar.com.my/business/business-news/2017/12/11/four-reasons-why-you-shouldnt-count-gold-out-just-yet/#kJXs1u5rBtWRGBq7.99

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1125 on: December 13, 2017, 04:58:47 AM »



1246

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1126 on: December 13, 2017, 04:59:31 AM »


1246

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1127 on: December 14, 2017, 11:44:40 AM »



Gold's Headwinds Are Getting Stronger
Once the Republican tax cuts are signed into law, there is likely to be more upside for equities and further downside risk for the precious metal.
By Jason Schenker
4
December 12, 2017, 4:00 PM GMT+8

Gold is losing its shine. Photographer: Arne Dedert
Gold prices have been falling, closing below multiple critical levels. A number of factors are conspiring against the precious metal, and they are likely to worsen: strong equity markets, the prospects of short-term dollar strength and the cryptocurrency feeding frenzy.

After trending higher for much of the year, gold hit a ceiling in early September as U.S. stock prices powered ahead on rising optimism for imminent tax cuts. The revaluation trade supporting equities that is based on expected future lower corporate tax rates appears justified. Once those cuts are signed into law, there is likely to be more upside for equities and further downside risk for gold.

A strong equity market is not the only thing weighing on gold. After all, prices rose from December 2016 to September 2017 despite the rally in U.S. equities. Dollar weakness provided support to gold through September, but when that trend seemed to reverse and the greenback strengthened, gold prices fell. But now, several factors may give the greenback a short-term bump. The November employment report was strong, and the Federal Reserve is likely to raise its target for the federal funds rate this week by 25 basis points. FOMC members are also likely to raise their rate forecasts for 2018 and 2019.

Such changes can have a significant impact on financial markets, and an increase in expected future rates may send the dollar higher. The Catalan election in Spain on Dec. 21 is also likely to engender some short-term euro weakness and dollar strength. These dollar-bullish factors bode ill for gold in the immediate term.


Aside from the inverse relationships with equities and the dollar, the cryptocurrency frenzy also threatens gold prices. Gold bugs -- investors who expect an inevitable return to a gold standard or who see the precious metal as a hedge against currency weakness with massive upside potential -- have been maligned for decades, but they now seem extremely reasonable compared to mania-driven cryptocurrency investors who appear driven by a fear of missing out on something they may not even fully comprehend.

And yet, the cryptocurrency market is vying to unseat gold as the anti-establishment, anti-fiat currency, anti-central bank investment of choice. Until earlier this year, if you had been skeptical of central banks and fiat currencies, you might have been a gold bug. But if you remain disenchanted with the global financial system, if central bank balance sheets concern you, if are concerned about the tax reform billís ability to cause the national debt to rise, or if you believe that the $200 trillion entitlement bubble is going to crush the greenback, you now have a myriad of cryptocurrencies to invest in.


Some of the names of these cryptocurrencies we cannot even put in print because they are vulgarities. And yet, they are being assigned value, and while many wonder how high bitcoin and others can go, one thing appears to be clear: Bitcoin and cryptocurrencies are pulling would-be gold bugs and investors away from gold. And if equities remain strong and the dollar finds some modicum of support, gold prices could suffer as long as the cryptocurrency bubble grows.


Trading technicals have also conspired against gold. Prices last week closed below the lower end of their Bollinger Bands, which are a measure of standard deviation that can help identify turning points in an asset's trajectory. Plus, longer-term trends of higher lows and lower highs converged, and gold prices fell below a critical trendline. These are bearish signals, and if the fundamentals remain bearish for gold, more bearish technicals are likely be triggered and result in further weakness in gold prices.

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1128 on: December 15, 2017, 05:22:13 AM »



1256

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1129 on: December 28, 2017, 08:36:18 AM »



1291

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1130 on: December 29, 2017, 05:10:24 AM »



1297

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1131 on: December 30, 2017, 06:58:31 AM »



1305

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1132 on: December 31, 2017, 07:40:33 AM »



黄金延续升势至4周来最高。
財经 最后更新 2017年12月29日 20时28分
铜价创30年来最长连涨 黄金连飆6天逼近1300美元

505分享
(纽约29日讯)黄金延续升势至4周来最高,接近每安士1300美元,因美元下跌且股市震盪提振黄金作为替代资產的吸引力。

伦敦铜期货连续10个交易日上涨,创下1989年以来最长连涨,一度升破每吨7300美元,受乐观需求前景、中国治污限產和美元走弱等因素提振。

黄金期货连6涨,纽约商品交易所2月交割黄金期货上涨0.4%,收于1297.20美元,盘中一度触及1297.30美元,为11月29日以来最高。

週五亚洲市场尾盘交易,黄金报每安士1295.78美元。此外,铜价创近30年来最长连涨。

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1133 on: January 03, 2018, 05:10:04 AM »



1320

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1134 on: January 04, 2018, 05:29:23 AM »



1317

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1135 on: January 05, 2018, 05:09:26 AM »



1324

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1136 on: January 06, 2018, 05:37:29 AM »



1321

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1137 on: January 09, 2018, 05:21:16 AM »



1321

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1138 on: January 10, 2018, 05:27:53 AM »



1315

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1139 on: January 11, 2018, 04:54:06 AM »



1319

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1140 on: January 12, 2018, 04:43:04 AM »



1323

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1141 on: January 13, 2018, 04:26:22 AM »



1338

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1142 on: January 16, 2018, 05:01:51 AM »



1341

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1143 on: January 18, 2018, 04:26:44 AM »



1328

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1144 on: January 19, 2018, 05:07:49 AM »



1326

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1145 on: January 20, 2018, 05:06:27 AM »



1333

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1146 on: January 23, 2018, 04:55:32 AM »



1333

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1147 on: January 24, 2018, 05:08:15 AM »



1340

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1148 on: January 25, 2018, 05:17:31 AM »



1357

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot Gold Price (Per Ounce)
« Reply #1149 on: January 26, 2018, 05:00:55 AM »



1344