KLSE (MYR): GOLDETF (0828EA)
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Last Price
3.35
Today's Change
-0.02 (0.59%)
Day's Change
3.35 - 3.38
Trading Volume
14,700
Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.
Popular technical indicators such as moving averages, relative strength index, William R%, Money Flow Index, Percentage Price Oscillator, Moving Average Convergence-Divergence and Stochastic Oscillator are used to analyze the trend, momentum and strength of a stock.
Name
Value
Variance
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
Name
Value
Variance
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
Name
Value
RSI 9
6.604
RSI 9
6.604
RSI 9
6.604
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
Name
Value
%R-9
-88.496%
%R-9
-88.496%
%R-9
-88.496%
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
Name
Value
MFI-9
6.348
MFI-9
6.348
MFI-9
6.348
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
Name
Value
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
Gold tends to maintain its value and even rise in price when inflation is problematic.
2024-04-19 10:32
Since [the] 2000s, the average return [on] gold in any currency is somewhere between 8% and 10% a year.
2024-04-19 23:08
The price of gold is up 15% this year to a recent $2,409, and has gained 22% since the Federal Reserve began raising interest rates in March 2022.
2024-04-20 17:15
Heightened geopolitical risk has always been and continues to be supportive of gold.
2024-04-20 17:18
Western investors are still on the sidelines. When these investors come back, that’s when the gold rally is going to accelerate.
2024-04-20 17:21
Investors should make gold a core component of their portfolio because gold has historically offered improved risk-adjusted returns.
2024-04-20 17:22
The surge in price hasn’t deterred the demand in Vietnam, driving local premium over the international rate to as much as 15 million dong ($590) per tael earlier this year.
2024-04-21 20:07
The premium paid by Chinese importers jumped to US$89 an ounce at the start of April, compared with US$35 over the past year and the historical average of US$7.
2024-04-21 20:11
China’s gold jewellery demand rose 10 per cent while India’s fell 6 per cent. Chinese bar and coin investments, meanwhile, surged 28 per cent.
2024-04-21 20:13
The People’s Bank of China has been on a buying spree for 17 straight months, its longest-ever run of purchases, as it looks to diversify its reserves away from the dollar and hedge against currency depreciation.
2024-04-21 20:15
If Google searches are to be believed, we’re in a new gold rush – and it’s a global one. According to investment platform Hargreaves Lansdown, There were 271,500 Google searches for ‘gold’ in the first three months of the year.
2024-04-21 20:23
Many gold investors are expecting exponential increases in value in the medium to long-term as individuals, institutions and countries look for assets that give them security in an insecure world.
2024-04-21 20:25
As various Western economies – including the USA, UK, Eurozone and Japan – have been printing more money to cope with one financial crisis after another, there has been a growing concern among investors that fiat currencies are literally not worth the paper they're printed on. This has pushed more and more individuals and institutions towards gold, silver and other money metals.
2024-04-21 20:26
We have a global financial system that is pretty much broken beyond repair. It's staggering along right now but it's only a matter of time before something crashes, somewhere.
2024-04-21 20:31
The only suitable action is to protect our wealth in financial assets with a meaningful allocation to gold.
2024-04-21 20:34
Reports suggest US has ‘preliminarily discussed sanctions on some Chinese banks’ over their trade with Russia
Analysts say moves to remove China from the Swift interbank financial system could create a ‘huge problem’ for global trade
2024-04-27 07:03
In the future, will the US seize the whole China foreign exchange reserves like what did to Russia? Borrow money and do not need to pay back the money with interest rate.
2024-04-27 07:10
No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen
But American treasury secretary says the policy option is something Washington ‘would be prepared to use if necessary’
Yellen’s remarks come as top US diplomat visits China and both sides scale up official contacts to keep relations from fraying
2024-05-03 07:34
Possible, masterus. US may stop paying China for the balance of their Treasury Bonds held in the US but it will trigger a WW3 either started by US first or other of US Allies. Look at how US using Taiwan, Ukraine, Israel, Philippines, India, and many others to fight a war. US currency keeps going up while everybody's currencies keep falling at US's expense. It is possible that US takes this opportunity to sieze and stop the Chinese from withdrawing more of its Treasury Bonds. Afterall USA has no more money themselves than to print more money through QE.
2024-05-03 16:23
Remember, China did failed to pay Trillions of GOLD LOAN BONDS during the WW1 when China was so poor then. Until now, those Chinese Treasury Bonds are still unpaid and un-redeemed even that China is so Rich now. Maybe , USA is using this as one of the reasons to pressure China to pay up those DEFAULTED TREASURY BONDS and OFFSET them against the US Current Treasury Bonds due and payable. Everything is possible.
2024-05-03 16:31
African and Middle Eastern Nations Withdraw Gold Reserves Amid American Economic Concerns
ByJillian Bennett
APR 24, 2024
2024-05-05 07:37
In a move reflecting growing concerns over the stability of the American economy, several African and Middle Eastern nations have begun withdrawing their gold reserves from the United States in recent months. This trend marks a significant shift in global economic dynamics and underscores the increasing skepticism among nations regarding the traditional safe haven status of the US dollar and American financial institutions.
The decision to repatriate gold reserves is not merely symbolic; it reflects a deeper unease among these nations about the trajectory of the American economy. Among the countries taking such actions are Nigeria, South Africa, Ghana, Senegal, Cameroon, Algeria, Egypt, and Saudi Arabia, each representing crucial regions in Africa and the Middle East. Their actions are prompting questions about the future of the US dollar as the world’s primary reserve currency.
2024-05-05 07:37
As of March 2024, China’s gold reserves stand at approximately 2,257 metric tons1. While this makes China one of the largest holders of gold among central banks, its 4% allocation of gold relative to its total reserves is still below the threshold maintained by central banks in developed countries2.
For context, let’s explore the gold reserves of a few other nations:
United States: The U.S. holds the largest gold reserves globally, with 8,133 metric tons. This constitutes approximately 76% of its foreign reserves3.
Germany: Germany has the second-largest gold reserves, totaling 3,362 metric tons. Gold accounts for about 73% of its foreign reserves.
Italy: Italy holds 2,451 metric tons of gold, representing around 71% of its foreign reserves.
India: India’s gold reserves amount to 846 metric tons, making up approximately 7% of its foreign reserves.
Netherlands: The Netherlands holds 801 metric tons of gold, constituting about 62% of its foreign reserves.
In summary, while China’s gold reserves are substantial, it remains prudent to consider the allocation strategies of other nations when assessing its position in the global gold market.
2 months ago
According to the World Gold Council’s 2023 survey, 24% of central banks intend to increase their gold reserves in the next 12 months. This reflects a favorable view of gold as an important component of central bank reserves due to its safety, liquidity, and return characteristics1. Additionally, central banks globally have been accumulating gold reserves at a pace not seen since 1967, indicating a renewed interest in this precious metal.
2 months ago
ASEAN to Increase Local Currency Trade, Reducing Reliance on the US Dollar
May 12, 2023
Posted by ASEAN Briefing
2 months ago
Ten years ago, the price of gold sat at $1,246 per ounce. Today, it’s worth $2,350.65 per ounce. That marks an 88.66% increase in value, or an average annual return of 8.86% (not calculated for compounding). 😁😁😁
1 month ago
When Richard Nixon severed the dollar from gold backing in 1971, the price of gold suddenly started floating at market rates. It consequently skyrocketed over the rest of the 1970s, delivering an average annual return of 40.2%.
1 month ago
Likewise, investors retreat to gold when fiat currencies lose value fast to inflation. Amidst all the inflation anxiety in 2023, gold rose 13.08%.
1 month ago
Finally, gold offers a non-correlated hedge against stock market crashes. In other words, gold offers diversification — a collapse in financial markets doesn’t cause a collapse in gold prices. Quite the opposite: many investors believe gold will rise in price if a bear market hits.
1 month ago
Fed rate cuts and friction in the bond market could drive gold prices to $3,000 in the next 12 to 18 months - Bank of America
1 month ago
What is the amount accumulated for a sum of $10000 at a compound rate of 10% per annum for 50 years ?
Certainly! Let’s calculate the amount accumulated using the compound interest formula:
[ A = P \left(1 + \frac{r}{n}\right)^{nt} ]
where:
(A) is the accrued amount (principal + interest).
(P) is the principal amount (initial investment), which is $10,000.
(r) is the annual nominal interest rate as a decimal (10% becomes 0.10).
(n) is the number of compounding periods per year (assuming annual compounding, so (n = 1)).
(t) is the time in years (50 years).
Plugging in the values:
[ A = 10,000 \left(1 + \frac{0.10}{1}\right)^{1 \cdot 50} ]
Solving this:
[ A \approx $1,173,909 ]
After investing for 50 years at 10% interest, your initial investment of $10,000 will have grown to approximately $1,173,909, earning $1,163,909 in interest1
1 month ago
ahbah
"The read-through for investors is straightforward: make sure you have gold in your portfolio, and overweight it. The downside risks are well contained (though a very near-term correction is not impossible and should be looked through), but the upside is tantalizing," Rosenberg concluded.
2024-04-19 10:17