Emas 24K – Independent Gold™

Gold Down On Boosts Dollar Confidence!

Posted on: October 28, 2009


Gold Guru; Peter Schiff Said:  The dollar collapses range 6% for 2009, the uptrend dollar currently in temporary session due to 0.3% increase for the last 2 days.

“Buy Gold In Long Position + Buy Dollar For Short”

Gold futures came under pressure from a higher U.S. dollar and price-chart considerations Tuesday, extending losses from the previous session. Weaker-than-expected consumer confidence data added to the pressure on gold. The Conference Board, a private research group, said its index of consumer confidence fell to 47.7 this month, from a revised 53.4 in September, and well below economists’ projection of 53.2.

28th Oct 2009

Weekly Gold Chart

The drop in consumer confidence helped the dollar advance, making hard assets less valuable, and signaling inflation isn’t a big risk anytime soon. “Stock prices are higher, oil prices are higher, gold is lower: It’s a clear indicator that the dollar is a driving force behind the gold rally,” summed up Bill O’Neill, a managing partner at Logic Investment Services. “Consumer confidence was anemic. It’s further evidence that there’s no imminent inflation. Gold is anticipating inflation, but anticipating it in the longer term.”

Gold bounced off session lows after finding resistance just above $1,030 an ounce, the long-standing record high it passed on Oct. 6. Afshin Nabavi, head of trading at MKS Finance in Geneva, said prices should stay in a $1,030-$1,070 range. He said gold moved lower due to the euro’s weakness versus the dollar. “I would say we are getting close to the bottom for gold,” he said. “This is the correction we were looking for.”



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Retail Gold Price (October 2011)

Federation of Goldsmiths Jewellers Association of Malaysia (FGJAM)

999 Gold    :      RM200.00/gm
916 Gold    :      RM189.00/gm

835 Gold    :      RM1792.00/gm
750 Gold    :      RM155.00/gm
375 Gold    :      RM 84.00/gm


updated on 21 Oct 2011.

UOB Malaysia Gold Price

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UOB Singapore Gold Price

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Indonesia Fine Gold Price

Logam Mulia Gold Price

Maybank Gold Saving 2009

DATE
SELL (RM/g)
BUY (RM/g)
13-Nov-2009
122.87
117.77

Kijang Emas 2009


Kijang
            Emas

FRIDAY 13 Nov 2009
Size Sell  Buy
1 oz (31.1gm) 3,884 3,653
1/2 oz (15.5gm) 1,979 1,827
1/4 oz (7.77gm) 1,008 913
 

Public Bank Gold Saving 2009

DATE
SELL (RM/g)
BUY (RM/g)
13-Nov-2009
123.37
118.57

Kelantan Gold Dinar 2009

DATE
SELL (1dinar)
BUY (1dinar)
13-Nov-2009
521.00
465.00

Public Gold 2009

 Size PG Sell PG Buy
20gm RM 2,703 RM 2,541
50gm RM 6,726 RM 6,356
100gm RM 13,389 RM 12,720

Retail Gold Price (Nov 2009)

Federation of Goldsmiths Jewellers Association of Malaysia (FGJAM)

999 Gold    :      RM142.00/gm
916 Gold    :      RM134.00/gm

835 Gold    :      RM122.00/gm
750 Gold    :      RM110.00/gm
375 Gold    :      RM 59.00/gm


updated on 05 Nov 2009.

Retail Gold Price (Sept-Oct 09)

999 Gold    :      RM135.00/gm
916 Gold    :      RM127.00/gm

835 Gold    :      RM117.00/gm
750 Gold    :      RM105.00/gm
375 Gold    :      RM 57.00/gm


Retail Gold Price (May-Aug 09

999 Gold    :      RM130.00/gm
916 Gold    :      RM122.00/gm

835 Gold    :      RM112.00/gm
750 Gold    :      RM101.00/gm
375 Gold    :      RM 55.00/gm


Retail Gold Price (April 2009)

999 Gold    :      RM125.00/gm
916 Gold    :      RM117.00/gm

835 Gold    :      RM108.00/gm
750 Gold    :      RM 97.00/gm
375 Gold    :      RM 53.00/gm


Retail Gold Price (March 2009)

999 Gold    :      RM130.00/gm
916 Gold    :      RM122.00/gm

835 Gold    :      RM112.00/gm
750 Gold    :      RM101.00/gm
375 Gold    :      RM 55.00/gm


Kitco Gold Spot Price



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