Gold Monitoring Thread £ GBP only

[Paul]

 

"Oh hello!! £1700 We've missed you "

 

[SidS]

1 minute ago, Paul said:

 

"Oh hello!! £1700 We've missed you "

 

U-ha,ha,ha! 😄

[Paul]

3 minutes ago, SidS said:

U-ha,ha,ha! 😄

 

 

[SidS]

2 minutes ago, Paul said:

 

 

There's a funny Star Wars version where every "comment" that Chewbacca makes has been altered to a Sid James laugh. 😄

[Paul]

1 minute ago, SidS said:

There's a funny Star Wars version where every "comment" that Chewbacca makes has been altered to a Sid James laugh. 😄

Yeah it was just above this vid in the YouTube search results will take a watch 

[BLOOMMAN101]

26 minutes ago, 9x883 said:

any data out today?

PRECIOUS – Gold subdued as dollar, yields firm; traders await more US data

14 Mar 2024

 

Markets believe mid-year US rate cut is possible – analyst

 

US producer price index due at 1230 GMT

 

Silver eased off more than three-month high

(Rewrites as of 1009 GMT)

By Sherin Elizabeth Varghese

March 14 (Reuters) – Gold edged lower on Thursday as the dollar and Treasury yields held firm ahead of a slew of U.S. economic data due later in the day, which could offer more clarity on the timing of the Federal Reserve's first interest rate cut this year.

Spot gold fell 0.2% to $2,169.77 per ounce as of 1009 GMT. Bullion had hit a record peak of $2,194.99 on March 8. U.S. gold futures also dipped 0.3% to $2,174.60.

The dollar held steady against its rivals, making gold less attractive for other currency holders, while benchmark U.S. 10-year notes yields rose to a more than one-week high. US/ "Market participants still believe that a mid-year U.S. rate cut is possible, keeping gold supported. Guess the next driver is the upcoming FOMC meeting and any change in the dot plots," said UBS analyst Giovanni Staunovo.

The Fed is expected to hold rates steady at its policy meeting next week, but the focus will be on the "dot plot" projections. The U.S. central bank in its December meeting pencilled three-quarter-point rate cuts for 2024.

"In the near term, gold prices are likely to stay volatile, but we retain a modestly positive outlook, targeting $2,250/oz by the end of the year, supported by rate cuts starting mid-year and higher investment demand," Staunovo added.

Traders continue to bet on interest rate cuts in June, pricing in about 66% chance compared to 72% before the CPI data, according to the CME Group's FedWatch Tool.

Low interest rates help gold as they reduce the opportunity cost of holding the non-yielding bullion.

Investor focus is on the U.S. producer price index, retail sales and weekly jobless claims data, which are due at 1230 GMT.

Spot platinum fell 0.1% to $934.55 per ounce, palladium rose 0.4% to $1,063.99.

Silver slipped 0.1% to $25.02, after hitting a more than three-month high earlier in the session.

Spot gold price in USD per oz    https://reut.rs/49NW3Gk

[Brit2023]

38 minutes ago, Petra said:

🤔so who’s likely to get the  💩 end of things🤔🤔

If they are attacking a clown convention the bitcoin camo maybe better?

[RoughDog]

5 minutes ago, Brit2023 said:

If they are attacking a clown convention the bitcoin camo maybe better?

1oz gold vs 0.03246 bitcoin

🤑 goldddddddd.

[MrStacker]

Looks like the range between £1690-1705 might end up being the new “stable” average pricing for gold. 

Say goodbye to sovereigns at £390 or below 😢

 

[Petra]

23 minutes ago, MrStacker said:

Looks like the range between £1690-1705 might end up being the new “stable” average pricing for gold. 

Say goodbye to sovereigns at £390 or below 😢

 

🤔🤔🤷🏼‍♂️no….😮

[MrStacker]

Just now, Petra said:

🤔🤔🤷🏼‍♂️no….😮

I hope not but one can’t stop the inevitable happening. 

[Petra]

5 minutes ago, MrStacker said:

I hope not but one can’t stop the inevitable happening. 

🤔mmmm…. bring on king Canute!😮🤔

[Paul]

£500 a sovereign by end of 2025 ????

[MrStacker]

2 minutes ago, Paul said:

£500 a sovereign by end of 2025 ????

Who knows... but you can see why more are going into gold fractional coins now. Half sovs for example or even smaller!

[9x883]

Who knows. Someone said the other day that a tube of sovs is down from last year. Wages are not rising as quickly as gold. It will get to a point where either wages need to rise or spot price/ -ve premiums become the norm for a demand to continue.

Edited March 15 by 9x883

[ArgentSmith]

1 minute ago, 9x883 said:

Who knows. Someone said the other day that a tube of sovs is down from last year. Wages are not rising as quickly as gold. It will get to a point where either wages need to rise or spit price/ -ve premiums become the norm for a demand to continue.

Or could it be we are getting poorer and will have to get used to having less "stuff"

[GoldDiggerDave]

1 minute ago, 9x883 said:

Who knows. Someone said the other day that a tube of sovs is down from last year. Wages are not rising as quickly as gold. It will get to a point where either wages need to rise or spot price/ -ve premiums become the norm for a demand to continue.

My tin of beans are almost 100% more expensive than last year.  

[9x883]

2 minutes ago, GoldDiggerDave said:

My tin of beans are almost 100% more expensive than last year.  

😂😂😂😂😂😂😂😂😂

[James32]

5 minutes ago, GoldDiggerDave said:

My tin of beans are almost 100% more expensive than last year.  

Probably out of date too tbf

[GoldDiggerDave]

Just now, 9x883 said:

😂😂😂😂😂😂😂😂😂

And if just come home to my new council tax bill that’s jumped around 5.5%…….

[Earthmetal]

48 minutes ago, ArgentSmith said:

Or could it be we are getting poorer and will have to get used to having less "stuff"

Still, at least we'll "be happy". Apparently.

[treetop1280]

Is this the gold monitoring thread ??? , or the peasant thread??? For all poor and poverty related  complaints , questions or query’s , try the peasant hangout , we talk about metals sometimes , but never buy any ??? 👍

[Petra]

1 hour ago, Paul said:

£500 a sovereign by end of 2025 ????

You wish🤔

[Petra]

46 minutes ago, GoldDiggerDave said:

And if just come home to my new council tax bill that’s jumped around 5.5%…….

🤔so what’s the going price for a Georgian pile in the country 🤔🤔😁

[SidS]

25 minutes ago, treetop1280 said:

Is this the gold monitoring thread ??? , or the peasant thread??? For all poor and poverty related  complaints , questions or query’s , try the peasant hangout , we talk about metals sometimes , but never buy any ??? 👍

Some of us have been buying metals I can assure you.