28 August 2014 - Is this good time to invest in gold?

28 August 2014 - Is this good time to invest in gold?
28 August 2014 - Gold Edges Higher as Equities Pause
28 August 2014 - Harga Emas Berkilau Kembali
28 August 2014 - 俄罗斯及周边贸易伙伴持续增持黄金

Posted: 28 Aug 2014 03:12 AM PDT

From:http://www.moneycontrol.com/master_your_money/stocks_news_consumption.php?autono=1165820

Adhil Shetty

A common dilemma almost every investor faces at some point or the other is the timing of his or her investing in the precious yellow metal. This is because, 'buy low, sell high' remains the fundamental mantra of all investments including gold.

With gold acting as both an investment as well as an insurance product against falling equity prices countering any massive lows and recession periods, investment in gold is always given due thought by each investor. Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market. With investors who had parked their funds in gold pre election returning to the equity markets, gold prices have cooled off substantially. So does that make it a right time to invest in gold?

With gold import restrictions still in place, gold prices are unlikely to fall to a great extent. However the government has ensured that there is a positive market sentiment with relaxation of gold import norms.

Good time to buy physical gold jewellery:

With prices of gold declining steadily, most experts believe that this could be the right window of opportunity to buy physical gold. For those seeking to buy gold jewellery for their personal use or for marriage, this is a good time to buy gold. However it is not the right time to exchange old gold jewellery as opting for fresh purchase makes more sense.

Change in gold import duty unlikely:

Amid active speculation that the finance minster would announce a reduction in import duty on gold norms set by the previous government in reality import duties were left unchanged. The finance ministry has made it clear that it has no proposal to lower customs duty on gold from the current 10 per cent unless the current account deficit lowers substantially. The downside of such a decision is that gold would continue to enjoy a premium asset pedestal in the country making it costlier than various international markets. The high import duty in gold has also increased the number of cases for gold smuggling in the country.

Gold ETFs and long term capital gain tax:

There were high expectations from the finance minister Arun Jaitley to reduce gold import duty but an increase in long term capital gain tax was the last thing on the mind of investors. The increase in capital gain tax on non equity mutual funds from the current 10% to 20% from July 2014 is likely to directly impact gold exchange traded funds and other gold saving funds.

RBI eases import norms:

The good news for many investors as well as retail buyers is that gold prices are likely to cool off in the near future even further as the government has announced relaxation of import norms. The Reserve Bank of India has allowed certain trading houses to import gold apart from permitted banks under a 20:80 division rule. Under the new guidelines, the importer will have to make sure that least one-fifth (20%) of every lot of imported gold is exclusively made available for the exports while the remaining can be used for the domestic market. The new norms have made gold import companies hopeful that the government is likely to provide a positive impetus as current account deficit declines even further.

Look to invest long term:

Gold as a fundamental investment product has given good returns for long term players. The lack of a directional policy in import duty would mean gold prices are going to remain in a suspended animation state whereby any sudden rise or decline remains unlikely.

Source:http://www.moneycontrol.com/master_your_money/stocks_news_consumption.php?autono=1165820

28 August 2014 - Gold Edges Higher as Equities Pause

Posted: 28 Aug 2014 03:09 AM PDT

From:http://www.foxbusiness.com/markets/2014/08/27/gold-edges-higher-as-equities-pause/

Gold prices rose towards $1,285 an ounce on Wednesday, recovering further from the previous week's two-month low, as stocks took a breather after a 2-1/2 week rally and the dollar index retreated from 13-month highs.

Spot gold was up 0.3 percent at $1,284.90 an ounce at 1141 GMT, extending a recovery from last week's low at $1,273.06, while U.S. gold futures for December delivery were up 70 cents an ounce at $1,285.90.

Soft German economic data and corporate results helped arrest a rally in stocks, which had climbed 6 percent since Aug. 8, while the dollar index eased 0.2 percent after hitting its highest in more than a year in earlier trade.

"The dollar looks strong, but very overbought," Saxo Bank's head of commodity research Ole Hansen said. "Short term, I think gold could build a bit further on the rejection at 1271, looking for a move back up towards 1296 or even 1302, but not higher."

The euro edged off its lowest point in almost a year on Wednesday as Germany's finance minister played down speculation over more European Central Bank (ECB) monetary policy easing in the coming months.

ECB President Mario Draghi's call last week for more action on both the monetary and fiscal fronts has markets wagering that fresh steps could come as soon as next week, when the central bank's governing council meets.

A measure of German consumer sentiment showed its biggest drop in more than three years on Wednesday, while the impact of the Ukrainian crisis and tensions between the West and Moscow were visible in European company results.

ASIAN DEMAND STILL SOFT

Traders reported some gold buying overnight in Asia, the leading market for physical gold, but volumes remained light.

"The market is still very cautious. The physical side is not as good as in the previous month and even last year," said Brian Lan, managing director of retailer GoldSilver Central Pte Ltd in Singapore.

Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and a gauge of investor demand, fell 0.4 percent to 797.09 tonnes on Monday from 800.08 tonnes on Friday.

Among other precious metals, silver was up 0.2 percent at $19.37 an ounce, while spot platinum was up 0.6 percent at $1,418.74 an ounce, and spot palladium was up 0.2 percent at $883 an ounce.

Exchange-traded funds backed by palladium showed significant outflows. Data on Tuesday from ETF Securities showed holdings of its UK-listed palladium exchange-traded product fell by 120,625 ounces, or 45 percent of its London-vaulted reserves.

"Palladium has had the benefit of willing buyers prepared to step forward all year; and those willing buyers must have stepped forward again to absorb this ETF selling," UBS said in a note. "Otherwise, 120,000 ounces of palladium selling - a very sizeable volume - would have been acutely reflected in the price."

Source:http://www.foxbusiness.com/markets/2014/08/27/gold-edges-higher-as-equities-pause/

28 August 2014 - Harga Emas Berkilau Kembali

Posted: 28 Aug 2014 02:46 AM PDT

From:http://bisnis.liputan6.com/read/2096877/harga-emas-berkilau-kembali

Liputan6.com, New York - Harga emas dunia naik pada perdagangan Rabu (27/8/2014) ini, didorong penguatan dolar yang sedikit mereda dan membuat investor kembali menggantungkan diri pada stimulus Eropa dan penguatan ekonomi AS yang ditopang laporan data yang membaik.

Harga emas di pasar spot emas mencapai level tinggi US$ 1.290,80 per ounce pada awal perdagangan. Kontrak kemudian naik 0,6 persen menjadi US$ 1.283,57 per ounce, melansir laman Reuters.

Sementara harga emas berjangka untuk kontrak Desember ditutup naik US$ 6,30 atau 0,5 persen menjadi US$ 1.285,20 per ounce.

Penguatan dolar membuat komoditas yang diperdagangkan dalam dolar menjadi lebih mahal untuk pemegang mata uang lainnya.

"Rally dolar telah mulai terkikis, itu telah membantu emas keluar sedikit," kata Stephen Platt, Analis pialang berjangka Archer Financial Services.

Kekhawatiran atas risiko geopolitik karena ketegangan antara Rusia dan Ukraina, serta kekerasan di Timur Tengah ikut mendukung. Sebab emas biasanya dilihat sebagai asuransi terhadap risiko keuangan dan politik. (Nrm)

Source:http://bisnis.liputan6.com/read/2096877/harga-emas-berkilau-kembali

28 August 2014 - 俄罗斯及周边贸易伙伴持续增持黄金

Posted: 28 Aug 2014 02:04 AM PDT

From:http://finance.sina.com.cn/money/nmetal/20140828/083020145819.shtml

生意社08月28日讯

国际货币基金组织[微博](IMF[微博])最新数据显示，今年7月俄罗斯将其黄金(1289.50, 6.10, 0.48%)储备增加至3550万盎司，也就是1104吨。

在今年6月，俄罗斯央行[微博]发布数据显示，6月俄罗斯增持了30万盎司的黄金。

此外，IMF最新的数据还显示，在7月中，哈萨克斯坦央行增持4.5万盎司黄金，总黄金储备变为510万盎司。

而据世界黄金协会(WGC)数据显示，在过去6个月中，俄罗斯增持了54吨黄金，同期，哈萨克斯坦增持了12吨黄金。

俄罗斯目前是全球黄金储备第6多的国家，比瑞士的1040吨和中国的1054.1吨都要多。相较之下，在2009年第二季度，俄罗斯只有550吨黄金，也就是在这5年中，该国的黄金储备几乎翻番。

增持黄金似乎是俄罗斯储备多样化策略的一部分。一些俄罗斯分析师指出，西方国家因乌克兰问题而对俄罗斯采取的制裁措施也是俄罗斯央行大幅增持黄金的原因，俄罗斯想要在美元和欧元之外多样化储备，增加黄金。

目前黄金占俄罗斯外汇储备的12%，如果以目前趋势继续下去，那么到年底比例将达15%。

同样在积极增持黄金的还有哈萨克斯坦、阿塞拜疆、吉尔吉斯斯坦和塔吉克斯坦。

俄罗斯和哈萨克斯坦以及白俄罗斯都是欧亚关税联盟成员，该联盟是欧亚经济联盟的一大推动者，这几个国家也都希望在2015年能形成一个类似欧盟的欧亚经济联盟。

俄罗斯、哈萨克斯坦和白俄罗斯也是欧亚经济共同体成员，同样属于该共同体的还有吉尔吉斯斯坦、乌兹别克斯坦和塔吉克斯坦。这6个国家也都和中国一起，属于上海合作组织成员。

从俄罗斯和哈萨克斯坦以及白俄罗斯等过的经济合作来看，这三国可能合作伙伴政策，其中包括通用的黄金储备增持。

Source:http://finance.sina.com.cn/money/nmetal/20140828/083020145819.shtml

28 August 2014 - Is this good time to invest in gold?

28 August 2014 - Is this good time to invest in gold?

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