gold price trend

2011年7月9日 星期六

Buying Gold

Greece renewed debt crisis by crisis to boost the impact of hedging demand, the New York Mercantile Exchange, gold futures prices rose 2% 5.

Day, the market's most actively traded August contract rose $ 30.1 an ounce to close at $ 1,512.7, or 2%.


International rating agency Standard & Poor's debt crisis of Greece 4, said in a statement that if the Greek Federation of Bank of France proposed the implementation of the debt extension plan will be considered selective default, and another rating agency Fitch also hinted that an extension to the Greek debt incur default rating.

Analysts said that although last week the Greek Parliament passed the Government's medium-term economic austerity program to ease the news of a strong market risk aversion, 1 to suppress gold futures fell to 6-week low, but the other rating agencies Standard & Poor's warning that European debt market concerns for increased and sustained inflow of hedge funds and investors Buying Gold support the first two days to recover all the lost ground.

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