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.
  • IP: 107.172.234.122
This design is wicked! You most certainly know
how to keep a reader amused. Between your wit and your
videos, I was almost moved to start my own blog (well, almost...HaHa!) Wonderful job.
I really enjoyed what you had to say, and more than that, how
you presented it. Too cool!

Feel free to surf to my webpage :: get more info
  • IP: 107.172.224.167
The beginning worth of the jackpot depends completely on ticket sales and interest prices.


Here is my web site; 파워볼
중계
  • Phil

  • January 06, 2022 20:21
  • IP: 104.144.83.67
Every single of these brands has been evaluated to figure out their
legitimacy and high quality.

Also visit my web site; 파워볼분석
  • Jerrod

  • January 07, 2022 01:22
  • IP: 104.144.83.67
Utilizing blue or black ink or a pencil mark 5 numbers from 1 to 69 in the white grid for your white numbers.


My web site - 파워볼
  • Sheila

  • January 07, 2022 04:14
  • IP: 192.210.186.139
A winner could get $19.two million a year for 26 years or a single payment of $359
million.

Check out my web site - 파워볼분석기
  • Max

  • January 07, 2022 04:20
  • IP: 104.168.90.109
This website was... how do I say it? Relevant!! Finally I have found something which
helped me. Cheers!

Here is my web site read more
  • IP: 192.227.246.51
Hi my loved one! I wish to say that this article is amazing, nice written and
include approximately all important infos.
I would like to look more posts like this .

My webpage :: click here
  • Paul

  • January 07, 2022 05:14
  • IP: 23.250.113.242
There are also tools to develop your resume, and enable you
search for jobs based on employer among other people.


Also visit my blog post 텐카페알바
  • Bud

  • January 07, 2022 08:09
  • IP: 192.3.208.137
You can leverage third-party vendors to get your jobs
into Google for Jobs search final results.

Also visit my blog - 퀸알바
  • Reva

  • January 07, 2022 08:44
  • IP: 66.225.198.172
You really make it seem so easy with your presentation but I find this matter to be really something which I think I would never understand.
It seems too complex and very broad for me.
I'm looking forward for your next post, I'll try to get the hang of it!


My homepage :: 밤알바
  • Homer

  • January 07, 2022 14:31
  • IP: 107.152.243.254
As you said, she had been self-conscious about
her nose and wants to make it look a lot more attractive to her.


Feel free to surf to my web page ... how to give a blog job for the first time

Friday night’s Mega Millions jackpot is estimated at
$970 million.

My web site; 파워볼 픽
  • IP: 104.168.91.31
If you do not meet them and you apply, you will be determined to be
not qualified.

Feel free to surf to my website ... 룸알
  • Otilia

  • January 07, 2022 22:28
  • IP: 107.152.242.45
Thanks to all authors for creating a web page
that has been read 122,330 instances.

My webpage; here
  • IP: 107.173.201.172
It was not quite in Week 12, but the Saints will
not care as they lead the NFC at 9-two.

Also visit my webpage ... read more
  • Pamala

  • January 08, 2022 06:37
  • IP: 93.157.106.210
What's up to all, the contents existing at this sijte
are really awesome for pesople knowledge, well,
keep up the good work fellows.

Look at my web-site: are levi and mikasa related
  • Raquel

  • January 08, 2022 14:03
  • IP: 192.3.105.72
Only players in Colorado, Florida, Indiana,
Maryland, Michigan, Missouri, New Jersey, Pennsylvania, Puerto Rico, South Carolina, South Dakota, Tennessee, and Washington will be permitted to
participate.

my homepage - 파워볼 중계
  • Fawn

  • January 08, 2022 20:43
  • IP: 45.57.232.53
If a person spends $5 per week on lottery tickets, it adds up to $260 per year.



Also visit my website: 파워볼분석기
  • Hellen

  • January 09, 2022 00:17
  • IP: 198.46.200.91
1st off, just use Promo Code PLAYNJ for $20 totally free at
signup.

Here is my site ... turning stone casino online
  • Leslee

  • January 09, 2022 01:37
  • IP: 192.3.139.140
Based on how generic the search, final results could
number in the thousands.

Also visit my website ... 유흥업소
  • IP: 138.128.15.59
Way cool! Some very valid points! I appreciate you penning this post and also the rest of the site
is also very good.

my page 여성알바
  • Wanda

  • January 09, 2022 02:20
  • IP: 185.250.44.29
Its like you read my mind! You seem to know a lot about
this, like you wrote the book in it or something.

I think that you can do with some pics to drive the message home a
little bit, but other than that, this is wonderful blog.

A fantastic read. I will certainly be back.

Also visit my homepage :: zulu forex ea robot
  • IP: 212.60.20.174
I think this is one of the most significant info for me.

And i am glad reading your article. But want to remark on some general things, The web site style is great, the articles is
really great : D. Good job, cheers

Feel free to surf to my site: robot
forex fxopen
  • IP: 107.172.224.167
We're a group of volunteers and opening a new scheme in our community.
Your site provided us with valuable information to work on. You have
done a formidable job and our entire community will be thankful to you.


my site; more info
  • IP: 107.172.80.224
Thank you for the auspicious writeup. It in fact was a amusement account it.

Look advanced to far added agreeable from you!
By the way, how could we communicate?

Feel free to surf to my homepage; 여성알바
  • IP: 107.174.54.55
So, if the odds are listed as two-1, you will get $2 for just
about every $1 you bet.

Also visit my web blog; here
  • IP: 107.175.232.187
Right here is the right site for everyone who wishes
to find out about this topic. You know so much its
almost tough to argue with you (not that I actually will need to…HaHa).
You definitely put a brand new spin on a
subject which has been discussed for decades. Excellent stuff, just excellent!


My web blog ... click here

Way cool! Some very valid points! I appreciate you writing this article and also the rest of the
website is really good.
  • IP: 104.144.196.26
If causes, advocacies, and nonprofits are your thing, then stop by idealist.org to find a job
in one.

Also visit my blog post :: 룸알
  • Johnie

  • January 09, 2022 14:47
  • IP: 198.23.197.40
Very quickly this web page will be famous amid all blogging visitors, due to it's good articles or reviews

Here is my webpage; 여성알바사이트
  • Peggy

  • January 09, 2022 20:03
  • IP: 104.227.205.32
I really like your blog.. very nice colors & theme.
Did you create this website yourself or did you hire someone to do it for
you? Plz respond as I'm looking to design my own blog and would like to find out where u got this from.
appreciate it

Feel free to surf to my web-site 텐카페알바
  • Larue

  • January 09, 2022 20:24
  • IP: 107.174.43.95
Ease of use is a priority for gambling on a mobile device.


my web page: website

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