Ord.mn | Mongolian Mining
Mongolia |  Mobile |  Rss

Gold price snaps losing streak as Chinese buyers return

Gold price snaps losing streak as Chinese buyers returnThe price of gold snapped a five-day losing streak on Wednesday as bargain hunters re-entered the market.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery settled at $1,290.80 an ounce, up $10.80 or 0.8% from Tuesday's close at a 7-week low.

While gold is off more than $90 an ounce from its 2014 high struck in mid-March, Asian buyers appear to have returned to the market.

Chinese bullion buyers, who overtook India for the first time as top global consumers of the metal, are nothing if not price sensitive.

From premiums that topped out at $37 when gold was trading around $1,200 last year, traders on the Shanghai Gold Exchange are now offering gold at a discount to the quoted London spot price.

Driven in part by a weakening renminbi discounts on gold in China widened to as much as $9 an ounce below when the price were headed towards $1,400 in March.

That gap has now shrunk to $2–$3 an ounce as the lower gold prices drives fresh demand and could strengthen further if the yuan begins to appreciate again as expected.

Australia's ANZ Research reports its barometer of China's physical demand has increased sharply towards the end of March and the only reason for the discount is the weak yuan:

"A return to the CNY’s appreciation trend would be a crucial factor in improving the price differential. On current gold prices, had USD/CNY continued to trade at 6.05 (it’s level before the spike to the 6.20 area), the Shanghai premium would calculate to +USD32.0/oz."

Not everyone sees physical demand from Asia returning in a big way.

Bullion Vault quotes Deutsche Bank's commodities team as saying physical "tightness" in the market is receding with Shanghai premiums staying low and gold offered forward rates – the interest offered by bullion banks to gold borrowers – turning positive:

"We view it as only a matter of time before gold re-tests the [US Dollar] lows hit in December last year," says Deutsche, a market-maker for wholesale gold and silver in London.



URL

АНХААРУУЛГА: Уншигчдын бичсэн сэтгэгдэлд Ord.mn хариуцлага хүлээхгүй болно. ХХЗХ-ны журмын дагуу зүй зохисгүй зарим үг, хэллэгийг хязгаарласан тул ТА сэтгэгдэл бичихдээ хууль зүйн болон ёс суртахууны хэм хэмжээг хүндэтгэнэ үү. Хэм хэмжээг зөрчсөн сэтгэгдлийг админ устгах эрхтэй. Сэтгэгдэлтэй холбоотой санал гомдлыг 7012-1080 утсаар хүлээн авна.
  • Arleen

  • December 06, 2021 03:03
  • IP: 192.227.169.120
The moneyline on the New York Rangers to beat the New Jersey Devils could possibly be +150.



Here is my blog ... click here
  • IP: 107.173.71.73
A win was worth 1 point and a push/tie had been worth .five points.



Here is my web-site: check here
  • IP: 104.227.208.242
Write more, thats all I have to say. Literally, it seems as though you relied on the
video to make your point. You obviously know what youre talking about, why throw away your intelligence on just posting
videos to your blog when you could be giving us something informative to read?


Look at my web-site 텐카페알바
  • Trena

  • December 06, 2021 05:39
  • IP: 198.23.226.212
Pretty nice post. I just stumbled upon your weblog and wanted to say
that I have really enjoyed surfing around your blog posts.
After all I'll be subscribing to your rss feed and I hope you
write again very soon!

Look into my homepage read more
  • Shelly

  • December 06, 2021 05:41
  • IP: 107.173.201.152
It's appropriate time to make a few plans for the long run and it's time
to be happy. I have read this submit and if I may I wish to recommend you some interesting issues or advice.
Perhaps you can write subsequent articles referring to this article.
I want to read more issues about it!

Feel free to surf to my site more
info
  • Katrin

  • December 06, 2021 06:16
  • IP: 23.94.151.241
Post writing is also a excitement, if you be acquainted with after that you can write or else it is complex
to write.

Here is my site: get more info
  • Perry

  • December 06, 2021 09:40
  • IP: 107.175.231.236
I am genuinely pleased to glance at this website posts which carries tons of valuable facts, thanks for providing these statistics.
  • Foster

  • December 06, 2021 10:26
  • IP: 107.173.201.65
Hello i am kavin, its my first time to commenting anywhere, when i read this post i
thought i could also create comment due to this brilliant piece of writing.


Also visit my web-site - more info
  • Zora

  • December 06, 2021 10:33
  • IP: 75.127.6.188
I have been surfing online more than 3 hours today, yet I never found any interesting article like yours.

It's pretty worth enough for me. Personally, if
all website owners and bloggers made good content
as you did, the web will be much more useful than ever before.


My blog post; check here
  • Rico

  • December 06, 2021 10:48
  • IP: 45.192.136.87
Advertised as an "esteemed Brain Tonic and Intellectual Beverage," the syrup,
now diluted with carbonated water, went on sale on a trial basis at Jacob's Pharmacy
in 1886.

Also visit my site - diet strawberry Soda
  • IP: 192.186.168.205
Hello there! I just would like to offer you a huge thumbs up for the great information you have right here on this post.
I will be coming back to your web site for more soon.

My web-site; 안전놀이터추천
  • Kasey

  • December 06, 2021 12:46
  • IP: 107.174.51.23
Can I simply say what a comfort to discover somebody that genuinely knows what they are discussing on the internet.
You definitely know how to bring a problem to light and make it important.
More and more people should look at this and understand this side of the story.
It's surprising you're not more popular since you most certainly possess the gift.


Feel free to surf to my homepage :: read more
  • IP: 104.144.185.14
Remarkable! Its truly remarkable post, I have got
much clear idea about from this article.

My webpage ... check here
  • Ellie

  • December 06, 2021 13:20
  • IP: 107.172.235.223
Thanks for your marvelous posting! I truly enjoyed reading it, you may be a great
author.I will be sure to bookmark your blog and may come back later
in life. I want to encourage continue your great
writing, have a nice holiday weekend!

Here is my web site - more
info
  • Gertie

  • December 06, 2021 13:41
  • IP: 45.72.55.173
Under these situations, water molecules can trap a
lot of CO2 molecules.

Here is my webpage Benny
  • Amelie

  • December 06, 2021 14:05
  • IP: 23.254.9.87
Thanks for the good writeup. It if truth be told used to be a entertainment account it.
Glance advanced to more introduced agreeable from you!
By the way, how can we keep in touch?

My website click here
  • Angela

  • December 06, 2021 15:14
  • IP: 198.20.180.114
I’m not that much of a online reader to be honest but
your blogs really nice, keep it up! I'll go ahead and bookmark your site to come back later on. All the
best

Here is my web blog - check here
  • Jenna

  • December 06, 2021 16:07
  • IP: 107.152.173.99
I don't know whether it's just me or if perhaps everyone else encountering
issues with your website. It looks like some of the
written text in your content are running off the
screen. Can someone else please comment and let me know if this is happening to them as well?

This could be a issue with my browser because I've had this happen before.
Many thanks

Take a look at my blog :: check here
  • IP: 107.175.236.139
Way cool! Some very valid points! I appreciate you writing
this write-up plus the rest of the website
is also really good.

My web page - click here
  • IP: 66.225.195.247
Thanks designed for sharing such a pleasant thought,
piece of writing is good, thats why i have read it fully

Also visit my blog get more
info
  • Karol

  • December 06, 2021 16:53
  • IP: 66.225.198.177
Unquestionably believe that which you said. Your favorite reason seemed
to be at the web the simplest thing to consider of. I say to you, I definitely get irked
whilst other people think about concerns that they plainly don't recognize about.
You managed to hit the nail upon the highest as smartly as defined out the entire thing with no need side effect , folks can take a signal.
Will probably be again to get more. Thank you

my web site :: 실시간카지노사이트
  • Rosita

  • December 06, 2021 17:14
  • IP: 107.175.116.92
I know this website offers quality based posts and other information, is there any other web site which provides these information in quality?


Stop by my website - 카지노사이트검증
  • Brenna

  • December 06, 2021 17:38
  • IP: 192.227.133.103
Ahaa, its fastidious dialogue about this paragraph here at this blog,
I have read all that, so at this time me also commenting at this place.


Also visit my homepage: 해외카지노사이트
  • Edison

  • December 06, 2021 18:29
  • IP: 45.57.254.78
It's a wonderful opportunity for you individuals to spend much less money and buy on-line smm panel providers.


Also visit my homepage - smm Panel facebook Likes
  • IP: 188.130.136.84
  • IP: 188.130.142.172
  • Jeanne

  • December 06, 2021 19:13
  • IP: 23.236.229.63
I have fun with, result in I discovered exactly what I used to be having a
look for. You've ended my four day lengthy hunt!

God Bless you man. Have a great day. Bye

My web site ... 인터넷카지노
  • Caleb

  • December 06, 2021 23:14
  • IP: 107.152.247.56
Good day! I know this is somewhat off topic but I was wondering which blog platform are you using for this site?
I'm getting tired of Wordpress because I've had issues with hackers and I'm looking at options for another platform.

I would be great if you could point me in the direction of a good platform.


my page; read more
  • IP: 198.46.167.40
Hi there, i read your blog occasionally and i own a similar one and i was just curious if you
get a lot of spam comments? If so how do you reduce it,
any plugin or anything you can suggest? I get so much lately
it's driving me crazy so any help is very much appreciated.


Take a look at my website: more
info

Previous Next
Top

Comments:

Add Comments
Name:*
E-Mail:
Comment:
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
Security Code: *
Exchange Rate
Foreign shares
New York Stock Exchange
Name Closing Changes
BHP Billiton
Ivanhoe Mines
90.53
23.3
1.44
0.00
Australian Stock Exchange
Name Closing Changes
General Mining Corp
Aspire Mining Limited
0.145
0.52
0.00
-0.02
London Stock Exchange
Name Closing Changes
Petro Matd Limited
polo Resources Limited
123.5
5.4
0.00
0.02
Hong Kong Stock Exchange
Name Closing Changes
Mongolian Mining Corporation
Mongolia Energy
9.59
1.14
0.00
-0.06
Toronto Stock Exchange
 
Metal exchange rates
1 Day Spot Gold Prices - Gold Price Chart
1 Week Copper Prices - Copper Price Chart
3 Month Uranium Price Chart - Uranium Price Per Pound
6 Month Iron Ore Fines Prices - Iron Ore Fines Price Chart
1 Day Spot Silver Prices - Silver Price Chart

dddddddddddddddddd

Coal price data
U-Boat replica watches replica rolex orologi replica watches
Free Mobile Sex Xvideos Deutsche Pornos selbstgemacht porn tube dutch Facial xxxxi videos beeg spy www xvi
Sexy Teen Porn Milflesben Porno Videos Korean Rip Danish Frau schwanger gefickt anal Geiler Hausbesuch Porno kostenlose vaginavidios
brutal anal hardcore sex money talks reality kings film porno au cinema Ellos ya saben cómo chupar girl fucked in alley xxuxx hd sex 4k www xxx xxx porn sunny leone video
xxx hd com www napal xxx com xxxx 18 porn sex video com hot romantic sex 18 years