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Thread: Discuss GOLD here

  1. #1
    Gold fell for an eighth straight session on Monday to its weakest level in over a month, as fears that the US Federal Reserve may wind back its economic stimulus programme hurt the metal's appeal as a hedge against inflation.

    Investors have been dumping gold, which is down 20 percent so far this year, as stocks and the dollar continue to outperform. If gold closes in the red on Monday, it would match the metal's longest losing streak since March 2009.

    "Investors are very bearish at the moment," said Yuichi Ikemizu, branch manager for Standard Bank in Tokyo. "The stock market and the dollar are quite strong. It's a natural move for investors to switch their money from commodities to equities."

    Data showed Americans felt better about their economic and financial prospects in early May, with consumer sentiment at its highest in nearly six years, while a gauge of future economic activity rose in April to a near five-year high.

    Spot gold hit a session low of USD 1,338.95 an ounce, its lowest since touching a two-year trough of USD 1,321.35 during the April 16 sell-off that was prompted by worries that European countries could liquidate gold reserves.

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  2. #2
    Gold trading range for the day is 25586-26624.
    Gold seen under pressure due to firm dollar, weak technical signals and speculation that US FED might rein in its stimulus programme.
    Gold has been hit by a shift in investment into higher-yielding equities since the start of the year on signs of an improving global economic outlook.

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  3. #3
    It's really a interesting thread to know more about why the gold is falling down.All the market experts making ideas to know why gold value is reduce.the gold investors is not interested to invest in a gold and they are withdrawing there gold shares that's why gold value is this situation,gold tips is much important for good return.

  4. #4
    If the currency value go down then automatically gold value go down.The gold is more evaluable than silver and also costly.
    Gold Investment Advice

  5. #5
    Originally Posted by matthewtin View Post
    If the currency value go down then automatically gold value go down.The gold is more evaluable than silver and also costly.
    I think it's just the opposite: when currency values go up, gold should go down.

  6. #6
    Price of gold is yet not stable.

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