27 December 2013 - Gold ticks higher on physical buying, HK premiums up

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27 December 2013 - Gold ticks higher on physical buying, HK premiums up Posted: 27 Dec 2013 02:15 AM PST From:http://www.cnbc.com/id/101297892 Gold rebounded from intraday lows on Friday on physical buying, but it was on track for its biggest annual loss in more than 30 years as hopes of a global economic recovery and rallies in equities dent its appeal as an alternative investment. Bullion has shed more than 27 percent this year as the long-expected tapering of the U.S. Federal Reserve's bond-buying stimulus programme took the shine off the precious metal, which is seen as a hedge against inflation. (Read more: Contrarian view: Why gold will recover in 2014) Gold hit an intraday low around $1,208 an ounce before recovering to $1,213.80 by 0707 GMT, up 0.29 percent. The precious metal touched record highs above $1,900 in 2011, when a worsening debt crisis in Europe sparked a buying rush. "Sentiment I think is bearish for next year," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong, adding that declines in exchange-traded funds holdings could potentially drag down prices. "Gold may have to test at least $1,180 and then after that, $1,100. Let's see how the physical demand is and how the economy behaves." U.S. gold was steady at $1,213.30 an ounce. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.19 percent to 804.22 tonnes on Thursday from 805.72 tonnes on Tuesday. In ounces, holdings slipped to 25,856,464.05 ounces from 25,904,686.51 - the weakest since 2009. (Read more: China gold consumption set to cool in 2014) Dealers noted physical buying from Chinese consumers on Friday, but demand from Indonesia and Thailand had eased in recent weeks because of their weak currencies. Premiums for gold bars inched up to a high of $2 an ounce above spot London prices in Hong Kong, higher than $1.50 last week on some tightness at the end of the year as dealers awaited the arrival of fresh supply from Europe next month. Premiums in Singapore, a centre for bullion trading in Southeast Asia, were steady at $1.50 an ounce, with dealers watching the political drama in Thailand. Thailand's government rejected a call from the Election Commission on Thursday to postpone a February vote after clashes between police and anti-government protesters in which a policeman was killed and nearly 100 people were hurt. (Read more: Will Asia's gold bugs come to the metal's rescue?) "Indonesia has been quiet but it has exported a lot of gold in 2013 because of the weak currency," said a physical dealer in Singapore. "I guess for Thailand, we will have to wait and see. I don't think the protests will end unless there's a consensus." In other markets, Asian shares notched up gains on Friday after a powerful performance by Wall Street, while Japanese economic data impressed and the dollar briefly broke the 105 yen barrier for the first time in five years. Premiums for gold bars inched up to a high of $2 an ounce above spot London prices in Hong Kong, higher than $1.50 last week on some tightness at the end of the year as dealers awaited the arrival of fresh supply from Europe next month. Premiums in Singapore, a centre for bullion trading in Southeast Asia, were steady at $1.50 an ounce, with dealers watching the political drama in Thailand. Thailand's government rejected a call from the Election Commission (EC) on Thursday to postpone a February vote after clashes between police and anti-government protesters in which a policeman was killed and nearly 100 people were hurt. (Read more: Gold smuggling outstrips narcotics to feed India's gold habit) Source:http://www.cnbc.com/id/101297892

27 December 2013 - 研究机构称金价将在2014年复苏 Posted: 27 Dec 2013 02:13 AM PST From:http://finance.qq.com/a/20131227/000109.htm 北京时间12月27日凌晨消息，虽然黄金今年将出现近三十年来的最差年度表现，但是研究机构资本经济（Capital Economics）认为黄金价格将可能在2014年再次回升。 美联储上周宣布的启动逐渐收紧量化宽松政策的决定推动黄金价格收盘下跌至接近今年6月下旬创下的每盎司1180美元的年度最低水平。在今年6月中旬，美联储首次暗示将削减其每月850亿美元资产购买计划，这使得黄金价格暴跌24%。 黄金价格的大幅下跌使得看涨黄金的投资者已经所剩无几，过多的不利因素使得投资者们很难再找到黄金的光明的一面。然而，一些分析师认为这也正是为什么黄金价格可能会在明年意外上扬的原因。 资本经济的大宗商品研究主管朱利安?杰索普表示："现在大家的共识是，黄金价格在2014年将走低，因为来自美国宽松货币政策的支持将逐渐减弱。与此相反，投资者信心已经陷入严重的负面水平，我们认为来年的风险将坚决偏向上行。" 杰索普表示，虽然大家一致认为2013年对黄金价格而言是糟糕的一年，但事实上，2013年下半年黄金面临的灾难性显然比上半年小得多，这表明黄金价格暴跌的最坏时期已经过去。 事实上，黄金价格在今年前六个月从买盎司1675美元水平下跌至与每盎司1200美元水平，而在今年下半年黄金上演了部分恢复，一度上涨到每盎司1400美元。目前金价维持在大约每盎司1198美元水平。（忆松） Source:http://finance.qq.com/a/20131227/000109.htm

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