Quotes from the news wire:
Ironically, what you actually need to see for physical demand to pick up is for prices to rally, the confidence in gold as a supposed safe haven or as an investment has been battered over the last few years.
Found on Reuters 9 years ago
The confidence in gold as a supposed safe haven or as an investment has been battered over the last few years.
Found on Reuters 9 years ago
If anything it's a little bit surprising that we haven't had the safe-haven bid in gold even though you've had these big risk-off moves in the Chinese equity market.
Found on Reuters 9 years ago
We're still expecting a fourth-quarter lift-off in the Fed funds rate and that's when you'll see the trough in gold or we could potentially see gold take another leg lower.
Found on Reuters 9 years ago
I think there's still a bit of a hangover from what occurred earlier in the week, the technical picture looks pretty bad and U.S. data has been stronger than expected. I don't expect to see any meaningful bounce until we get to around $1,040 and I think some of these sellers know that.
Found on Reuters 9 years ago
Clearly the market momentum is down. We've had a price forecast of $1,100 in the short term, but it looks like the market is certainly trading very much on the weak side and could test levels below $1,100 and stay there for some time.
Found on Reuters 9 years ago
The market looks very technically weak and the biggest buyer of all, China, is now selling gold as opposed to buying it on price dips. That's a recipe for weaker prices.
Found on Reuters 9 years ago
It looks like someone was taking advantage of the low liquidity environment at the moment. It's a bit of speculative selling going on.
Found on Reuters 9 years ago
Quote of the Day Today's Quote | Archive
Would you like us to send you a FREE inspiring quote delivered to your inbox daily?
Citation
Use the citation below to add this author page to your bibliography:
Style:MLAChicagoAPA
"Victor Thianpiriya Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 30 Dec. 2024. <https://www.quotes.net/authors/Victor+Thianpiriya+Quotes>.
Powered by CITE.ME
Share your thoughts on Victor Thianpiriya's quotes with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In