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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Gold falls to near four-month low; posts sharp weekly drop EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Gold falls to near four-month low; posts sharp weekly drop EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Gold falls to near four-month low; posts sharp weekly drop EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Gold falls to near four-month low; posts sharp weekly drop EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Gold falls to near four-month low; posts sharp weekly drop EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Gold falls to near four-month low; posts sharp weekly drop EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Gold falls to near four-month low; posts sharp weekly drop EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Gold falls to near four-month low; posts sharp weekly drop EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Gold falls to near four-month low; posts sharp weekly drop EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Gold falls to near four-month low; posts sharp weekly drop EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Gold falls to near four-month low; posts sharp weekly drop EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Gold falls to near four-month low; posts sharp weekly drop EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Gold falls to near four-month low; posts sharp weekly drop EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Gold falls to near four-month low; posts sharp weekly drop EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Gold falls to near four-month low; posts sharp weekly drop EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Gold falls to near four-month low; posts sharp weekly drop EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Gold falls to near four-month low; posts sharp weekly drop EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Gold falls to near four-month low; posts sharp weekly drop EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Gold falls to near four-month low; posts sharp weekly drop EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Gold falls to near four-month low; posts sharp weekly drop EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Gold falls to near four-month low; posts sharp weekly drop EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Gold falls to near four-month low; posts sharp weekly drop EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Gold falls to near four-month low; posts sharp weekly drop EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Gold falls to near four-month low; posts sharp weekly drop EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Gold falls to near four-month low; posts sharp weekly drop EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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4 posters

    Gold falls to near four-month low; posts sharp weekly drop

    Sriranga
    Sriranga
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    Gold falls to near four-month low; posts sharp weekly drop Empty Gold falls to near four-month low; posts sharp weekly drop

    Post by Sriranga Sat May 31, 2014 3:50 pm

    By Frank Tang and Jan Harvey
    NEW YORK/LONDON (Reuters) - Gold fell almost 1 percent to a near four-month low on Friday, extending its losing streak a fourth consecutive day, weighed down by book squaring ahead of month end and selling by commodity funds.

    For the week, gold lost about 3.5 percent for its worst decline since late November 2013. Heavy technical selling throughout the week sent bullion prices below $1,250 for the first time since Feb. 4.

    "It's the end-of-the-month position clearing," said COMEX gold options floor trader Jonathan Jossen.

    Some hedge funds are forced to sell commodities to raise cash to pay for losses in their bearish bets against the rallying U.S. government bond prices, Jossen added.

    Analysts noted a breakdown of gold's usual inverse correlation with U.S. bond yields. Yields on
    10-year U.S. Treasuries fell sharply this week to hit their lowest in 11 months.

    Spot gold was down 0.7 percent at $1,247.10 an ounce by 3:22 p.m. EDT (1922 GMT), having earlier hit a low of $1,241.99, its lowest since early February.

    U.S. gold futures for August delivery settled down $11.10 an ounce at $1,246.

    The yellow metal largely ignored a U.S. government report which showed falling U.S. consumer spending for the first time in a year in April after two months of solid gains, as analysts said the decline is likely temporary given a strengthening jobs market.

    Among other precious metals, silver was down 1.3 percent to $18.72 an ounce, while platinum fell 0.5 percent to $1,446 an ounce, and palladium was up 0.3 percent to $833.25.

    (Additional reporting by A. Ananthalakshmi in Singapore; Editing by William Hardy and David Goodman)
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    serene
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    Gold falls to near four-month low; posts sharp weekly drop Empty Re: Gold falls to near four-month low; posts sharp weekly drop

    Post by serene Sat May 31, 2014 5:34 pm

    Not a good sign at all.We need SAMP at 200.
    Leon
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    Gold falls to near four-month low; posts sharp weekly drop Empty Re: Gold falls to near four-month low; posts sharp weekly drop

    Post by Leon Sun Jun 01, 2014 6:52 am

    Can we expect SAMP back to 175.00 again?
    Ethical Trader
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    Gold falls to near four-month low; posts sharp weekly drop Empty Re: Gold falls to near four-month low; posts sharp weekly drop

    Post by Ethical Trader Mon Jun 02, 2014 3:25 pm

    Price of Gold rose sharply creating a sort of a bubble when investors diverted their money from US$ bonds to Gold as US economy was in a dip and US treasury was assisting with more and more funds. Naturally the price of Gold should come down when the US economy picks up making $ stronger because investors now turn to $ bonds dropping Gold as an investment option. Adding on to this, recently, some investment funds sold their Gold to raise money for working capital requirements.

    When the Gold prices go down SL CB imposes a tax on Gold imports absorbing part of the reduced price and reducing its impact on the economy.

    Most banks who were exposed to Gold loans have already provided for its impairment and now are cautious in lending under the Glod loan schemes. Recently the CB also introduced some measures to tackle the issue.

    We Sri Lankans are very much used to Gold backed loans more than other forms of loans as it is convenient to both the lender and the borower. Hence Gold loans have become a good source of income for banks.

    Hence, we need not worry abount its impact on banks in the future as all parties involved have taken precautions.

      Current date/time is Sun Jun 16, 2024 2:23 am