Malaysia Gold Investment

The price of gold shot up today as the precious metal hit a new two week high. Now priced at around $1,416.15 an ounce, gold seems to be stabilizing after it has only slightly increased in the past few days. The US dollar also declined today helping the precious metal gain traction.  This comes after news that the jobless claims in the United States has increased following a patch of steady decline.  The Labor Department reported that almost 10,000 people applied for unemployment in the past week alone increasing it to about 354,000 people.

Usually when the price of gold declines, the U.S. dollar becomes stronger. This was the case today. As the U.S. dollar dipped, the price of gold slightly increased giving hope to downtrodden investors. Currently, gold is $1,388.06 an ounce.  It was also a relatively good day for mining stocks and ETFS. Although numerous companies saw their stock increased it was only by a few cents. The biggest riser was Randgold Gold Mining Co. Ltd that increase $1.57 while Agnio-Eagle Mines Limited saw their stock grow nearly 2%. When it came to ETFS, Physical Asian Gold was again the only ETF that did show a profit. The ETF was down almost 1.3%.

Deciding when, how, and where to invest isn’t easy. If it were, more people would do it and everyone would be rich. Investing is tricky and there’s an amount of risk that goes into investing whether it’s stocks, gold, or a budding company.  When it comes to gold, anything could happen. Many analysts are confident that this is the end for gold. For others like Paul Schatz, the president of Heritage Capital, well he still thinks gold has a little fight left in it. In a note to clients he wrote, “I do not believe there is enough evidence at this time to conclude that the secular bull market in gold has ended.” In fact he thinks people are too negative when it comes to gold prices. His advice? “If you give it a little room I think the next big move in gold is to the upside.”  Buying, keeping, and selling stock is a private matter. People like Schatz can give you suggestions, but you ultimately must make the decision. With such a volatile market, chances are we’...

Gold price continued the trading through on Thursday and Friday on weak evidence and a downward curve, to close on Friday at the level of $1360.20 USD/Ounce of gold by a decline equal to 1.85%. We have witnessed a decline in gold price for the seventh straight session, the longest losing streak for gold price since March 2009 after declining holdings of funds, exchange-traded funds to its lowest level in 4 years. At the time investors headed to Stock market because of the high Fluctuate of gold price. Many of investors in gold starts to reduce the possession of the precious metal, Some investors said that they will never buy gold even if gold price reached to  $800 USD/ Ounce. In a report, the World Gold Council said on Thursday that investors did not buy enough gold during the first quarter, even the big investors did not buy enough to offset outflows from ETFs. The total demand for gold in the world 963 thousand tons in the first quarter, down by 13%...

If anything gold prices have been volatile over the past few months and today isn’t any different. Gold prices dipped slightly today as investors were about to breathe a sigh of relief that the worse was over. Due to a small increase in the U.S. dollar, gold prices are down $9.30 to $1,464.50 an ounce. In related news, Korea slashed its interest rates earlier his morning while the Euro Zone economy is weak and could get weaker in the coming months. China also reported that  the price index have dropped which usually indicates the production of gold in China has been slowing down. These are not good signs when it comes to gold prices, and at his point investors can only hope for the best. In mining stocks, most of the stocks were down anywhere from one cent to 43 cents while Franco Nev Corp’s stock rose the most and that was only by eight cents. ETFS stocks fared worse with Physical Asian Gold down 0.73% and Gold Miners ETF Market Vectors down 0.85%.

The price of gold couldn’t repeatedly increase forever which is why this morning it stopped. Prices of gold declined to $1,461.70 an ounce. The American dollar as well as the Australian dollar were weaker this morning, helping to keep the price of gold stable. Physical gold still remains in good shape especially in Asia. In fact, the purchase of physical gold from China doubled reaching an all-time high in March. In total investors bought 223,519 kilograms of gold compared to just 97,106 kilograms in February. As for April, trader Qu Mingyu of Bank of China stated, “Judging from the explosive growth of trading volume on the Shanghai Gold Exchange in the second half of April, and anecdotes that many jewelry shops are sold out throughout the country, imports might be even more substantial in April.” When it comes to gold stocks, Harmony Gold Mining Co. Ltd is up nearly 9.5% to $4.73 while Allied Nevada Gold Corp. is down 2.1%. In ETFs, many stocks had a modest gain th...