livepriceofgold.comlive
  • gold price per ounce SPOT GOLD
    1346.73 $
    Change: -0.01% (-0.16)
    High:1346.89 | Low:1346.78
  • gold price per gram PER GRAM
    43.30 $
    Change: -0.01
    High:43.31 | Low:43.30
  • gold price per kilo PER KILO
    43 303.22 $
    Change: -5.14
    High:43308.36 | Low:43304.82
  • gold price per tola PER TOLA
    490.19 $
    Change: -0.06
    High:490.25 | Low:490.21
  • Silver Price SPOT SILVER
    15.03 $
    Change: -0.01% (-0.00)
    High:15.03 | Low:15.03
 Gold price near 2 months low as US Government shutdown sparks sell off
Gold price near 2 months low as US Government shutdown sparks sell off

Gold price near 2-month low as US shutdown sparks selloff

Singapore: Gold traded near two-month low on Wednesday as the first US government shutdown in 17 years caused investors to sell the precious metal, prompting already jittery traders to believe there could be more liquidation.


Bullion, which has lost about 23 percent of its value this year largely on fears over a US stimulus cutback, fell 3 percent on Tuesday following a massive Comex sell order and technical selling once prices fell below USD 1,300 an ounce.

Gold is typically considered a safe-haven asset in times of an uncertain economy and geopolitical tensions. Prolonged politicking around the US budget had initially prompted some investors to believe gold could go up, but safe-haven bids failed to emerge.
"If the government shuts down and people start to save money, why should it be supportive for gold?" said Dominic Schnider, an analyst at UBS Wealth Management in Singapore.

"You don't want to own gold because the cutback could negatively affect the economy and purchasing power is being impaired."

Spot gold had edged up 0.4 percent to USD 1,291.44 an ounce by 0320 GMT. It had fallen to USD 1,278.24 earlier in the session, its lowest since Aug. 7.

The sharp slide in New York stirred market talk of forced liquidation by a distressed commodities fund and of selling related to a fund rebalancing on the first day of the third quarter, although no details could be confirmed.

"A lot of people are scratching their heads because of the aggressive selling. It was a big surprise as no one was expecting this reaction" said a Hong Kong-based precious metals trader.

"You have to react to this selling pressure and I think there is going to be more."

Analysts said the next support for gold was at around USD 1,270 an ounce. With key buyer China out for the National Day holidays through Oct. 7, traders do not expect prices to bounce back strongly.

The US government began a partial shutdown on Tuesday after Congress failed to agree on a spending bill. President Barack Obama accused Republicans of taking the government hostage in order to sabotage his signature healthcare law.

A week-long shutdown would slow US economic growth by about 0.3 percentage points, according to Goldman Sachs, but a longer disruption could weigh on the economy more heavily as furloughed workers scale back personal spending.

Some gold traders said the possible impact on the economy and more political drama around raising the US debt ceiling by mid-October could prompt the Federal Reserve to delay the tapering of its bond-buying stimulus, and turn sentiment towards gold more positive.

But a lot also hinges on seasonal physical demand in China and India towards the end of the year. So far, demand has been muted, dealers said.

Reuters
Country & Currency Search;
Gold Price in the World
Saudi Arabia » Saudi Arabia Gold Price - Saudi riyal - SAR
Usa » Usa Gold Price - United States dollar - USD
Dubai » Dubai Gold Price - United Arab Emirates dirham - AED
Qatar » Qatar Gold Price - Qatari riyal - QAR
Oman » Oman Gold Price - Omani rial - OMR
Malaysia » Malaysia Gold Price - Malaysian ringgit - MYR
Bangladesh » Bangladesh Gold Price - Bangladeshi taka - BDT
India » India Gold Price - Indian rupee - INR
UK » UK Gold Price - British pound - GBP
Kuwait » Kuwait Gold Price - Kuwaiti dinar - KWD
Thailand » Thailand Gold Price - Thai baht - THB
Nepal » Nepal Gold Price - - NPR
Pakistan » Pakistan Gold Price - Pakistani rupee - PKR
Philippines » Philippines Gold Price - Philippine peso - PHP
Canada » Canada Gold Price - Canadian dollar - CAD
Singapore » Singapore Gold Price - Singapore dollar - SGD
Sri Lanka » Sri Lanka Gold Price - Sri Lankan rupee - LKR
Bahrain » Bahrain Gold Price - Bahraini dinar - BHD
Germany » Germany Gold Price - Euro - EUR
Turkey » Turkey Gold Price - Turkish lira - TRK
Burma » Burma Gold Price - Burmese kyat - MMK
United Kingdom » United Kingdom Gold Price - British pound - GBP
Indonesia » Indonesia Gold Price - Indonesian rupiah - IDR
Abu Dhabi » Abu Dhabi Gold Price - United Arab Emirates dirham - AED
Italy » Italy Gold Price - Euro - EUR
Cambodia » Cambodia Gold Price - Cambodian riel - KHR
Hong Kong » Hong Kong Gold Price - Hong Kong dollar - HKD
Lebanon » Lebanon Gold Price - Lebanese pound - LBP
Egypt » Egypt Gold Price - Egyptian pound - EGP
Morocco » Morocco Gold Price - Moroccan dirham - MAD
Russia » Russia Gold Price - Russian ruble - RUB
China » China Gold Price - Renminbi - Chinese yuan - CNY
Malta » Malta Gold Price - Euro - EUR
South Korea » South Korea Gold Price - South Korean won - KRW
Ghana » Ghana Gold Price - Ghana cedi - GHS
Belgium » Belgium Gold Price - Euro - EUR
South Africa » South Africa Gold Price - South African rand - ZAR
Papua New Guinea » Papua New Guinea Gold Price - Papua New Guinean kina - PGK
Kenya » Kenya Gold Price - Kenyan shilling - KES
France » France Gold Price - Euro - EUR
Jordan » Jordan Gold Price - Jordanian dinar - JOD
Tanzania » Tanzania Gold Price - Tanzanian shilling - TZS
Netherlands » Netherlands Gold Price - Euro - EUR
Switzerland » Switzerland Gold Price - Swiss franc - CHF
United Arab Emirates » United Arab Emirates Gold Price - United Arab Emirates dirham - AED
Nigeria » Nigeria Gold Price - Nigerian naira - NGN
Iran » Iran Gold Price - Iranian rial - IRR
Ireland » Ireland Gold Price - Euro - EUR
Afghanistan » Afghanistan Gold Price - Afghan afghani - AFN
Spain » Spain Gold Price - Euro - EUR
Ethiopia » Ethiopia Gold Price - Ethiopian birr - ETB
Greece » Greece Gold Price - Euro - EUR
Austria » Austria Gold Price - Euro - EUR
British Pound » British Pound Gold Price - British pound - GBP
Kerala » Kerala Gold Price - Indian rupee - INR
Mali » Mali Gold Price - West African CFA franc - XOF
Australia » Australia Gold Price - Australian dollar - AUD
Cyprus » Cyprus Gold Price - Euro - EUR
Brunei » Brunei Gold Price - Brunei dollar - BND
Japan » Japan Gold Price - Japanese yen - JPY
Bulgaria » Bulgaria Gold Price - Bulgarian lev - BGN
Finland » Finland Gold Price - Euro - EUR
Congo » Congo Gold Price - Central African CFA franc - XAF
Euro » Euro Gold Price - Euro - EUR
Iraq » Iraq Gold Price - Iraqi dinar - IQD
Vietnam » Vietnam Gold Price - Vietnamese đồng - VND
Venezuela » Venezuela Gold Price - Venezuelan bolívar - VEF
Macau » Macau Gold Price - - MOP
Israel » Israel Gold Price - Israeli new shekel - ILS
Portugal » Portugal Gold Price - Euro - EUR
Zimbabwe » Zimbabwe Gold Price - Botswana pula - BWP
Macedonia » Macedonia Gold Price - Macedonian denar - MKD
Taiwan » Taiwan Gold Price - New Taiwan dollar - TWD
Ecuador » Ecuador Gold Price - United States dollar - USD
Kosovo » Kosovo Gold Price - Euro - EUR
Poland » Poland Gold Price - Polish złoty - PLN
Albania » Albania Gold Price - Albanian lek - ALL
Sweden » Sweden Gold Price - Swedish krona - SEK
Syria » Syria Gold Price - Syrian pound - SYP
Peru » Peru Gold Price - Peruvian nuevo sol - PEN
Tunisia » Tunisia Gold Price - Tunisian dinar - TND
Luxembourg » Luxembourg Gold Price - Euro - EUR
Sudan » Sudan Gold Price - Sudanese pound - SDG
Cameroon » Cameroon Gold Price - Central African CFA franc - XAF
Benin » Benin Gold Price - West African CFA franc - XOF
Armenia » Armenia Gold Price - Armenian dram - AMD
Uganda » Uganda Gold Price - Ugandan shilling - UGX
Laos » Laos Gold Price - Lao kip - LAK
Fiji » Fiji Gold Price - Fijian dollar - FJD
Mexico » Mexico Gold Price - Mexican peso - MXN
Ukraine » Ukraine Gold Price - Ukrainian hryvnia - UAH
Brazil » Brazil Gold Price - Brazilian real - BRL
Burkina Faso » Burkina Faso Gold Price - West African CFA franc - XOF
Denmark » Denmark Gold Price - Danish krone - DKK
Togo » Togo Gold Price - West African CFA franc - XOF
New Zealand » New Zealand Gold Price - New Zealand dollar - NZD
Panama » Panama Gold Price - Panamanian balboa - PAB
Latvia » Latvia Gold Price - Euro - EUR
Romania » Romania Gold Price - Romanian leu - RON
Algeria » Algeria Gold Price - Algerian dinar - DZD
Hungary » Hungary Gold Price - Hungarian forint - HUF
Niger » Niger Gold Price - West African CFA franc - XOF
Georgia » Georgia Gold Price - Georgian lari - GEL
Czech Republic » Czech Republic Gold Price - Czech koruna - CZK
Uzbekistan » Uzbekistan Gold Price - Uzbekistani som - UZS
Estonia » Estonia Gold Price - Euro - EUR
Madagascar » Madagascar Gold Price - Malagasy ariary - MGA
Palestine » Palestine Gold Price - Jordanian dinar - JOD
Kazakhstan » Kazakhstan Gold Price - Kazakhstani tenge - KZT
Norway » Norway Gold Price - Norwegian krone - NOK
Libya » Libya Gold Price - Libyan dinar - LYD
US » US Gold Price - United States dollar - USD
AUD » AUD Gold Price - Australian dollar - AUD
Somalia » Somalia Gold Price - Somali shilling - SOS
Yemen » Yemen Gold Price - Yemeni rial - YER
Maldives » Maldives Gold Price - Maldivian rufiyaa - MVR
Mauritania » Mauritania Gold Price - Mauritanian ouguiya - MRO
Malawi » Malawi Gold Price - Malawian kwacha - MWK
Trinidad and Tobago » Trinidad and Tobago Gold Price - Trinidad and Tobago dollar - TTD
Gabon » Gabon Gold Price - Central African CFA franc - XAF
Nicaragua » Nicaragua Gold Price - Nicaraguan córdoba - NIO
Slovakia » Slovakia Gold Price - Euro - EUR
Colombia » Colombia Gold Price - Colombian peso - COP
Serbia » Serbia Gold Price - Serbian dinar - RSD
Costa Rica » Costa Rica Gold Price - Costa Rican colón - CRC
Chad » Chad Gold Price - Central African CFA franc - XAF
Bahamas » Bahamas Gold Price - Bahamian dollar - BSD
Paraguay » Paraguay Gold Price - Paraguayan guaraní - PYG
Mauritius » Mauritius Gold Price - Mauritian rupee - MUR
Moldova » Moldova Gold Price - Moldovan leu - MDL
Iceland » Iceland Gold Price - Icelandic króna - ISK
Honduras » Honduras Gold Price - Honduran lempira - HNL
Central African Republic » Central African Republic Gold Price - Central African CFA franc - XAF
Lithuania » Lithuania Gold Price - Lithuanian litas - LTL
Guinea Bissau » Guinea Bissau Gold Price - West African CFA franc - XOF
Dominican Republic » Dominican Republic Gold Price - Dominican peso - DOP
Guatemala » Guatemala Gold Price - Guatemalan quetzal - GTQ
Montenegro » Montenegro Gold Price - Euro - EUR
Slovenia » Slovenia Gold Price - Euro - EUR
Chile » Chile Gold Price - Chilean peso - CLP
Monaco » Monaco Gold Price - Euro - EUR
Andorra » Andorra Gold Price - Euro - EUR
Botswana » Botswana Gold Price - Botswana pula - BWP
Rwanda » Rwanda Gold Price - Rwandan franc - RWF
Jamaica » Jamaica Gold Price - Jamaican dollar - JMD
Canadian » Canadian Gold Price - Canadian dollar - CAD
Gambia » Gambia Gold Price - Gambian dalasi - GMD
Cuba » Cuba Gold Price - Cuban peso - CUP
Barbados » Barbados Gold Price - Barbadian dollar - BBD
Uruguay » Uruguay Gold Price - Uruguayan peso - UYU
Belize » Belize Gold Price - Belize dollar - BZD
Guinea » Guinea Gold Price - Guinean franc - GNF
Argentina » Argentina Gold Price - Argentine peso - ARS
Djibouti » Djibouti Gold Price - Djiboutian franc - DJF
Swaziland » Swaziland Gold Price - Swazi lilangeni - SZL
Grenada » Grenada Gold Price - East Caribbean dollar - XCD
Senegal » Senegal Gold Price - West African CFA franc - XOF
Namibia » Namibia Gold Price - - NAD
Burundi » Burundi Gold Price - Burundian franc - BIF
El Salvador » El Salvador Gold Price - Salvadoran colón - SVC
Croatia » Croatia Gold Price - Croatian kuna - HRK
East Timor » East Timor Gold Price - United States dollar - USD
Bolivia » Bolivia Gold Price - Bolivian boliviano - BOB
Abkhazia » Abkhazia Gold Price - Russian ruble - RUB
Haiti » Haiti Gold Price - Haitian gourde - HTG
Vanuatu » Vanuatu Gold Price - Vanuatu vatu - VUV
Comoros » Comoros Gold Price - Comorian franc - KMF
Liechtenstein » Liechtenstein Gold Price - Swiss franc - CHF
Equatorial Guinea » Equatorial Guinea Gold Price - Central African CFA franc - XAF
Lesotho » Lesotho Gold Price - - LSL
EUR » EUR Gold Price - Euro - EUR
...



Livepriceofgold.com provides you the possibility to follow the evolution of gold price in real time. Through Livepriceofgold.com you will be able now to follow the gold rate according to your country and according to your country currency. You will learn about the live gold price allover the world in United Arab Emirates dirham, in Saudi riyal, in Pakistani rupee, in Indian rupee, in United States dollar, in Qatari riyal, in Bangladeshi taka, in Turkish lira, in euro or in sterling for example. For this you just have to click the search button in the right corner of the page and enter the country name or the currency name in English. Thus, whatever the country you live in or the country you work with you will be able to follow up the gold price in real time. It is very easy to use so that you will find very quickly the information you are looking for.

Livepriceofgold.com also provides you to see gold price in different types: gold price per gram or per kilo and the gold rate are given per ounce or per tola. Gold prices of the world are given per gram in 24 carat gold, 22 carat gold, 18 carat gold and 14 carat gold.
Livepriceofgold.com provides you all the information about the current gold price and this is as simple as a click. The spot gold prices are even given during 24 hours in live.


Livepriceofgold.com provides you the possibility to follow the evolution of gold price in real time. Through Lifepriceofgold.com you will be able now to follow the gold rate according to your country and according to your country currency. You will learn about the live gold price allover the world.
LivePriceofGold.com © 2013 - 2019 | RSS