Spot Gold | Targetting top <b>spot</b> with four or more <b>gold</b> medals – BorneoPost <b>...</b> | News2Gold |
- Targetting top <b>spot</b> with four or more <b>gold</b> medals – BorneoPost <b>...</b>
- Why <b>Gold</b> Prices Are Down Today - Money Morning
- EURUSD | <b>Spot Gold</b> | 05-04-2014 | Day Trading With HMA <b>...</b>
- <b>Gold</b> Falls to $1,280 an Ounce on US Economic Data | <b>Gold</b> <b>...</b>
| Targetting top <b>spot</b> with four or more <b>gold</b> medals – BorneoPost <b>...</b> Posted: 16 Apr 2014 10:03 AM PDT KUCHING: The state tennis team is confident that they can win at least four gold medals at this year's Sukma (Malaysia Games) in Perlis. Sarawak Lawn Tennis Association (SLTA) president Dato Patrick Liew believes the players have enough firepower to go up against those from the other states. "We have been preparing for this and, with hard work and a positive mindset, we can do this. There is no obstacle too great if we put our mind to it," he said. Liew was speaking to reporters during a press conference at the SLTA headquarters and tennis centre here at Jalan Crookshank on Tuesday. Also present during the event was Assistant Sports Minister Datuk Lee Kim Shin, who was visiting the Sukma-bound players training there, and Sarawak Sports Council (MSNS) tennis co-ordinator Ramlie Ahmad. Nine boys and eight girls are in the Sukma tennis shadow team. "Most of our players are training here at the SLTA tennis centre while three are still training in the United States. They will return here soon for centralised training," Liew added. Meanwhile, Lee commented that winning four gold medals should be enough to guarantee the state team emerging as tennis overall champions at Sukma 2014. "Winning more than four is a bonus and, as I have said before, the more the merrier. I hope the players are determined as the state have incentives waiting for them," he said. Sarawak athletes will be rewarded with RM5,000 for their first gold medal and RM7,000 for any subsequent gold at Sukma this year. The state last competed in tennis at the 2010 Sukma in Melaka when Sarawak won three gold medals.   |
| Why <b>Gold</b> Prices Are Down Today - Money Morning Posted: 15 Apr 2014 01:14 PM PDT Gold prices took a beating Tuesday, plunging nearly 2% and marking the yellow metal's worst day of the year.  June gold finished the session down $24.50, or 1.83%, to $1,303.10 an ounce. Spot gold was last quoted off $23.80 at $1,303.25. Spot gold prices fell to a low of $1,228 an ounce intraday, but managed to claw back some gains in the afternoon. Still, even fresh Consumer Price Index (CPI) figures showing a slightly higher than expected read on inflation in March failed to goose gold prices much. Fueling the slide was profit taking - gold hit a three-week high in the prior session. Sizeable long positions accumulated Monday as gold traded over $1,320 an ounce, and there were plenty of shorts today, Chintan Karnani, chief market analyst at Insignia Consultants in New Delhi, told MarketWatch. A huge number of stop-loss orders were triggered when gold slipped below the key $1,300 level. Gold wasn't the only metal battered Tuesday. The pain was felt across the entire precious and basic metals markets - from copper to palladium. "It started off with nickel," a New York trader told Kitco. "We're just having kind of a panic in thin markets." News that tensions are again flaring up between Ukraine and Russia failed to stoke investors' fears and provide some support for safe-haven gold. Underscoring the growing geopolitical unrest simmering in the region, Ukraine's acting president launched an "anti-terrorism operation" in the besieged eastern areas Tuesday and seized an airport about 120 miles from Russia. "It is a case of once bitten twice shy," Karnani explained. Traders took a bullish gold stance Monday on Ukraine unrest, with the yellow metal gaining 0.6%, or $8.50 an ounce, to $1,327.50. "Now they are extra cautious going long. The rise (if any) will be slow and steady unlike the fall which was quite fast," said Karnani. Also weighing on gold prices was a report released Tuesday from the World Gold Council -- although it has some bullish news for the long-term gold outlook... China News Hits Gold Prices TodayThe WGC reported that demand in the world's biggest gold consumer nation, China, is apt to stay flat this year. China's gold demand this year will be slow compared to a record high hit in 2013. That's truly troubling because gold consumption in China has expanded every year since 2002, with last year particularly strong. Demand in the Asian nation surged 32% in 2013, propelling the country past India to take the top spot in the rankings of the world's gold consumers. But, it's unlikely that the robust pace will be as strong this year even if gold prices dip further, the WGC added. "We're looking at best for it to be on par with 2013," Albert Cheng, managing director for the Far East at the World Gold Council, told The Wall Street Journal. Among reasons cited are that many in China believe they already have enough of a gold stash, and the latest rebound hasn't been substantial enough to lure new buyers. While demand may be muted this year, things look much brighter medium term. Demand for gold bars and coins in China could reach close to 1,350 metric tons over the next four years as an increasing population grows more affluent, the WGC adds. That would be a hefty 25% increase by 2017. Before Tuesday's rout, gold was up a healthy 10% year to date, handily besting returns from the Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq. Since the start of the year, the benchmarks are down roughly 2.5%, 1%, and 4% respectively. Investor Alert: The shellacking the markets took last Thursday is a bearish omen, but a market correction wouldn't necessarily be a bad thing. In fact, volatility creates tremendous opportunity. Here are three ways you can turn fear into profit. Related Articles:
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| <b>Gold</b> Falls to $1,280 an Ounce on US Economic Data | <b>Gold</b> <b>...</b> Posted: 22 Apr 2014 11:15 AM PDT Today, spot gold prices fell 0.7 percent to trade at $1,280 per ounce, according to Reuters. Meanwhile, US gold futures for June delivery were down $12 an ounce, to $1,276. A stabilizing US housing market is expected, and rising housing prices will play into gold's near future, according to the publication. Thomas Capalbo, Newedge precious metals trader, told Reuters, "[i]f those numbers come out better than expected or show continued improvement in the U.S. economy, you should start looking at the $1,250 area as the next support level for gold." |
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