Posted by ahbah > 2024-01-01 13:05 | Report Abuse

Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says

Posted by ahbah > 2024-01-01 13:11 | Report Abuse

Gold Price Outlook:

In 2023, gold prices surged 13 percent, giving investors remarkable returns.

Now in 2024 as well, analysts expect the yellow metal to continue its stellar run.

Posted by ahbah > 2024-01-01 13:14 | Report Abuse

On the average, gold has seen an increase of 3.44 percent a month before the rate cut.

The metal price rose 1.56 percent in three months after the rate cut, and 6.29 percent in six months after the rate cut.

Posted by ahbah > 2024-01-10 17:39 | Report Abuse

😴

Posted by ahbah > 2024-01-27 23:29 | Report Abuse

Central banks emerge as significant buyers of gold, suggesting that their purchases are motivated by security concerns and a long-term insurance position.

Posted by ahbah > 2024-01-27 23:31 | Report Abuse

"On a year-to-date basis, central banks have bought an astonishing net 800t, 14% higher than the same period last year."

Posted by ahbah > 2024-01-27 23:32 | Report Abuse

Based analysis with historical data, noting that in the last nine recessions since the late 1960s, gold has increased in value in all but one.

Posted by ahbah > 2024-01-27 23:34 | Report Abuse

"Looking at the returns from six months before the start of the recession to six months after the end, we can see that gold has returned 28% on average and outperformed the S&P 500 by 37%."

Posted by ahbah > 2 months ago | Report Abuse

🥱

Posted by ahbah > 2 months ago | Report Abuse

https://www.youtube.com/watch?v=4CizDGoV5ew

Posted by ahbah > 2 months ago | Report Abuse

In every recession except one gold went up. In the majority of recessions, gold stocks rose and in some cases gained up to 200 percent.

Posted by ahbah > 2 months ago | Report Abuse

Day said “there’s no doubt in my mind” the Fed will cut interest rates this year, and if gold gets to $2,100 an ounce, “people are going to start coming back very rapidly I think.”

Posted by ahbah > 2 months ago | Report Abuse

More bank failures ahead

The main reason for the Fed to introduce QE would be more incoming bank failures, according to Prins.

"I do see the potential for a massive crisis in the banking sector. We are not out of the woods there. If that happens, it will be remedied by QE, and that will help this particular sector by creating liquidity," Prins said.

Posted by ahbah > 2 months ago | Report Abuse

Data released on Tuesday showed that US household debt reached a new record high of $17.5 trillion in the fourth quarter of 2023.

Kredit cards oredi pakai sampai maximum lah !!!

Posted by ahbah > 2 months ago | Report Abuse

😴

Posted by ahbah > 2 months ago | Report Abuse

Gold demand hit a record last year and is expected to keep the trend in 2024

Posted by ahbah > 2 months ago | Report Abuse

The overall consumption of the yellow metal increased by about 3% to 4,899 tons last year, backed by solid demand in the opaque over-the-counter market (OTC) and buying by central banks worldwide, especially in China and Poland.

Posted by ahbah > 2 months ago | Report Abuse

The annual demand in the OTC market hit 753% in 2023, the highest since 2011, according to WGC data.

Posted by stevenchua5 > 2 months ago | Report Abuse

Is this gold etf 100% money guaranteed? or it may close down suddenly

Posted by ahbah > 2 months ago | Report Abuse

🤔🤔🤔

Posted by ahbah > 2 months ago | Report Abuse

Citi sees potential for gold to hit $3,000, but that’s not the base case.

Posted by ahbah > 2 months ago | Report Abuse

A technical recession in the United Kingdom is helping to drive physical bullion demand as consumers look to protect their wealth, according to the latest comments from the British Royal Mint.

Posted by ahbah > 2 months ago | Report Abuse

Amid calls for the overnight policy rate (OPR) to be raised, the Prime Minister believes that increasing it to strengthen the ringgit’s value will not help the people, says Fahmi Fadzil.
Back the MYR with gold ? 😄😄😁

Posted by HerryNicoles > 2 months ago | Report Abuse

You know GOLDETF (0828EA) is radie a bullish wave, hitti all-time highs in gold prices, and not much chatter, maybe due to diverse interests or focus on other assets. Gold is a go-to during economic uncertainty, and its current all-time high is worth noting. So,staying informed is crucial for smart investment decisions, especially with gold hitting milestones

Posted by ahbah > 2 months ago | Report Abuse

On a long term basis : all currencies including USD = always depreciate to 0 value as they are printed from NOTHING. gold = always on uptrend with no upper max. limit, continuing hitting all-time high non-stop forever ! 😍🥰🤩

Posted by ahbah > 2 months ago | Report Abuse

I mean fiat currencies, please.

Posted by ahbah > 2 months ago | Report Abuse

😴

Posted by ahbah > 2 months ago | Report Abuse

Central banks are turning to gold as they lose faith in bonds - ANZ

Shall we also turn to gold as like central banks ?

Posted by ahbah > 2 months ago | Report Abuse

Central banks have been solid gold buyers for more than a decade; however, their appetite has become insatiable in the last two years as global reserves have risen by more than 1,000 tonnes in both 2022 and 2023.

Posted by ahbah > 2 months ago | Report Abuse

In the last two years central bank gold purchases as its share in global demand has tripled, representing between 25% and 30%.

Posted by ahbah > 2 months ago | Report Abuse

The Australian bank expects central bank demand to remain a dominant factor in the gold market for at least the next six years.

Posted by ahbah > 2 months ago | Report Abuse

[Emerging market] central banks could purchase over 600 tonnes of gold annually until 2030, to take its share in their foreign reserves to 10%.

Posted by ahbah > 2 months ago | Report Abuse

Central bank demand should help support gold prices push back to record highs of around $2,200 by the end of the year.

Posted by ahbah > 2 months ago | Report Abuse

😴

Posted by Musang King > 2 months ago | Report Abuse

USD2,200 BY YEAR END 2024 REASONABLE. CHEERS.

Posted by ahbah > 1 month ago | Report Abuse

Gold rose to over $2,080 per ounce on Friday, marking an all-time high and heading for its second consecutive weekly gain, fueled by the weakening of the dollar and lower Treasury yields, amid softening US economic data.

Posted by ahbah > 1 month ago | Report Abuse

New York Fed President John Williams recently expressed his expectation of an interest rate cut later this year, emphasizing the easing inflation and robust economy, noting that the current economic conditions do not necessitate a rate hike.

Posted by ahbah > 1 month ago | Report Abuse

😴

Posted by Musang King > 1 month ago | Report Abuse

https://www.tradeplus.com.my/ - DATED 01/03/2024. TODAY 04/03/2024 IS HIGHER THAN THOSE UPDATED ON 01/03/2024. AHBAH, HOW MANY OUNCES IS OUR ETF HOLDING NOW?

Posted by Musang King > 1 month ago | Report Abuse

Fund’s Net Asset Value USD 13,528,104.30
Units in Circulation 20,796,600 units and my estimation is USD13,528,104.30/Market Price USD2044-00 on 1/3/2024 equal 6,618 oz in our ETF's Vault.

Posted by ahbah > 1 month ago | Report Abuse

Gold has indeed been an interesting topic lately. Let’s delve into the price projections for this precious metal:

2024 Forecast:
J.P. Morgan Research predicts that gold prices will continue to be influenced by Fed rate cuts and geopolitical tensions. The expected range for gold by the end of 2024 is between $2,100 and $2,300 per ounce. This reflects both economic uncertainties and the enduring appeal of gold as an investment.
Kitco, another reputable source, suggests a similar range, estimating gold prices to be between $2,100 and $2,300 per ounce by the end of 2024.
Additionally, based on chart readings, gold is expected to fluctuate between $2,000 and $2,200 throughout 2024, assuming supply and demand remain relatively stable.
Longer-Term Outlook:
Looking beyond 2024, J.P. Morgan anticipates a forecasted peak of $2,300/oz in 2025. The gradual increase in gold prices seems plausible due to anticipated Fed rate cuts and ongoing geopolitical uncertainties.
While the short-term technical analysis points to a potential target of a couple of hundred dollars higher, the longer-term view suggests levels around $2,700 to $2,800 over the next year or two.
In summary, gold appears to be in a favorable position from both a technical standpoint and as a safe-haven asset. Keep an eye on the market dynamics, and remember that unforeseen events can always impact gold prices in the long term.

Posted by Musang King > 1 month ago | Report Abuse

Thanks ahbah.

Posted by ahbah > 1 month ago | Report Abuse

Gold has been a noteworthy investment over the long term, but its performance varies depending on the time period analyzed. Let’s delve into the details:

Historical Performance:
Durable Store of Value: Gold has long been considered a durable store of value and a hedge against inflation.
Mixed Returns: Over the long run, both stocks and bonds have generally outperformed the price increase in gold on average.
Shorter Time Spans: However, over certain shorter time spans, gold may come out ahead.
Inflation and Geopolitical Uncertainty: Gold tends to rise during periods of high inflation and geopolitical uncertainty.
Recent Highs: In 2020, gold reached an all-time high of nearly $2,075 as the COVID-19 pandemic spread, and it spiked again above $2,000 per ounce during the Russia-Ukraine conflict in early 2022.
Comparison with Stocks and Bonds: Over the longer term, stocks seem to outperform gold by about 3-to-1. However, over shorter time horizons, gold may win out1.
Specific Data:
From 1990 to 2020, the price of gold increased by around 360%. Over the same period, the Dow Jones Industrial Average (DJIA) gained 991%.
Considering the 15-year period from 2005 to 2020, the price of gold increased by 330%, roughly the same as the 30-year period mentioned earlier. During this time, the DJIA increased by only 153%.
In recent years, 2021 and 2022, gold has outperformed stocks due to geopolitical uncertainty and inflation worldwide.
Annual Returns:
Between January 1971 and December 2022, gold had average annual returns of 7.78%, which was only slightly behind the return of commodities with 8.3% average annual returns.
In 2022, the annual average return of gold was 0.4%.
Notably, in 2020, the annual average return of gold was 24.6%, making it the second-highest return among a range of assets that year, following silver.
In summary, while gold has its place as a safe haven and hedge, its performance relative to other assets can vary significantly based on the time frame considered. Investors often include gold as part of a diversified portfolio, especially when it acts as a hedge against a falling stock market

Posted by ahbah > 1 month ago | Report Abuse

😴

Posted by ahbah > 1 month ago | Report Abuse

Gold could hit $2,500 an ounce in 2024, after snapping an all-time high of $2,195.15 on March 8, Head of Global Commodities Strategy at JPMorgan Chase & Co. Natasha Kaneva told Bloomberg TV.


She noted that the yellow metal is deemed the bank's No. 1 pick in the commodities market.

Posted by ahbah > 1 month ago | Report Abuse

😴

Posted by ahbah > 1 month ago | Report Abuse

During the Great Recession of 2008-2009, the S&P 500 plunged over 50% while gold prices nearly doubled.

Posted by ahbah > 1 month ago | Report Abuse

And unlike paper assets, gold and silver cannot go to zero.

Posted by ahbah > 1 month ago | Report Abuse

buying physical gold and silver is one of the best ways to build and preserve generational wealth.

Posted by ahbah > 1 month ago | Report Abuse

Gold, unlike traditional stocks and bonds, behaves independently, providing a hedge against market fluctuations.