Spot Chart | CHART: Gold price - Yield-chasers were sold a bill of goods ... | News2Gold

Spot Chart | <b>CHART</b>: <b>Gold</b> price - Yield-chasers were sold a bill of goods <b>...</b> | News2Gold

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• <b>CHART</b>: <b>Gold</b> price - Yield-chasers were sold a bill of goods <b>...</b>
• World <b>Gold</b> Demand, Q1 2014 - Business Insider
• <b>Gold</b> Scents: <b>CHART</b> OF THE DAY

<b>CHART</b>: <b>Gold</b> price - Yield-chasers were sold a bill of goods <b>...</b> Posted: 14 May 2014 04:30 PM PDT The price of gold jumped to a week high on Wednesday as talk of massive monetary stimulus in Europe and declining US bond yields up the attractiveness of the metal as an investment. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery in late afternoon trade exchanged hands for $1,305.50 an ounce, up more than $10 from Tuesday's close. Gold is up 9% this year boosted by safe haven buying on tensions in Ukraine, solid underlying physical demand from Asia and rising costs at producers. The number one negative factor working against gold this year has been expectations of higher market interest rates and rising bond yields in the US as the world's largest economy continues to recover and the Federal Reserve throttles back monetary stimulus. Rising real interest rates raises the opportunity costs of holding gold because the metal provides no yield, and as the chart shows there is a strong negative correlation between real rates and the gold price. Large and small investors alike have been rotating out of gold, evidenced by a resumption of outflows from gold-backed ETFs into riskier assets, and sending stocks to record highs. Despite consensus forecast by economists of higher rates in six months' time, the expected upward march of bond yields seems to have thoroughly reversed. On Wednesday the adjusted for inflation yield in the US sunk to a meager 0.37% versus 0.75% at the start of the year. Benchmark treasuries were testing support at 2.57% from above 3% last year. German 10-year government bond yields to dropped to 1.4% on Wednesday, the lowest level in almost a year and the European central bank is readying a package of unprecedented monetary expansion that could include negative bank deposit rates. Monetary expansion in the US and around the globe, particularly since the financial crisis, has been a major driver of higher gold prices. Gold was trading around $830 an ounce before Chairman Ben Bernanke announced the first round of quantitative easing in November 2008. While asset purchases under the Fed's QE program is expected to be wound down by end-2014 a rise in interest rates is at least a year away. Just last week the Fed chair Janet Yellen reiterated that the US economy still needs "high degree of monetary accommodation". And as long as the money printing presses continue to hum, gold's allure as a hard asset and storer of wealth compared to paper money can only increase. SEE ALSO: Europe rushing in where even Fed fears to tread Image by LEOL30

World <b>Gold</b> Demand, Q1 2014 - Business Insider Posted: 20 May 2014 05:19 AM PDT Despite last year's 30% price plunge, people around the world continue to buy gold. "First quarter gold demand held steady at 1,074.5 tonnes, maintaining the lofty levels seen last year," said the World Gold Council in its new Gold Demand Trends report. Here's a little more color: Jewellery demand made moderate gains of 3% largely due to lower gold prices compared with Q1 2013 and seasonal factors, notably Chinese New Year, which contributed to record first-quarter jewellery demand in China. Movements within the investment space were more striking: net ETF flows were zero, compared with 177t of outflows in Q1 2013, while bar and coin investment unsurprisingly fell far short (-39%) of the record levels of demand seen a year ago. The net impact on Q1 investment demand was minimal: it was down by just 6t (2%) year-on-year. In the official sector, central banks continued to purchase gold for its diversification and risk management properties, adding 122.4t, while substitution to other materials continued to impact gold demand in the technology space – down 4% year-on-year.... Demand isn't growing, but it certainly hasn't plunged either. World Gold Council

<b>Gold</b> Scents: <b>CHART</b> OF THE DAY Posted: 21 May 2014 03:49 PM PDT Investing in the financial markets can involve considerable risk. Past performance is not necessarily an indication of future performance. The information included in Gold Scents and The Gold Scents subscribers daily updates is prepared for educational purposes and is not a solicitation, or an offer to buy or sell any security or use any particular system. Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. G.D.S L.L.C., do not represent themselves as acting in the position of an investment adviser or investment manager for funds that are not under their direct control and fiduciary responsibility. GDS L.L.C., will not provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. From time to time, GDS L.L.C., may hold positions in securities mentioned, but are under no obligation to hold such position.

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