COMEX gold future closed at $ 1,585.50 an ounce, or 1.5%

July 13, the New York Mercantile Exchange (COMEX) gold futures hit a record high closing price. Day, COMEX gold future contract closed at $ 1,585.50 an ounce, or 1.5%

Market participants pointed out that this year, gold futures have been hovering at a high. By the United States may launch a new round of economic stimulus measures and the debt crisis continues to worsen, gold hit a record high. Analysts expect gold futures will continue strong

Hedging highlights

Everbright Futures analyst Sun Yonggang yesterday, "International Finance News" reporter, said: "The recent gold rally against inflation by hedging demand and push factors."

Beijing mid-term futures analyst Wuzheng Zheng also said: "First of gold investment demand money from the credit crisis, debt crisis expanding market investors in the euro, the dollar lost confidence in the core currencies, gold investment products to switch to hedge."

Fitch Ratings on July 13 will be Greece long-term foreign and local currency issuer default rating lowered from B + to CCC, only one level higher than the default rating. Euro zone finance ministers had publicly acknowledged that Greece will experience some form of debt or breach of contract, to help the country reduce debt. However, there is concern that the debt crisis has spread to a small country from the euro area core countries such as Italy.

Wuzheng Zheng said: "by the European debt crisis, gold futures from the beginning has been at a high level, even if other commodity futures experienced a collective correction, gold futures did not follow the crowd, showing that hedging demand has been supporting gold."

Technically, the daily chart, the gold continues to rally, Yang received the Eighth and refresh the record high, gold is currently in long speed up state, meaningful technical analysis, focusing on fundamental aspects of the message changes, careful to do a single strict stop loss.

Operation, it is recommended to continue to do more dips mainly refer to do more around the $ 1580, healthy person can do to wait around in $ 1,573 more than an empty one may meet resistance around $ 1590 short, robust suggested waiting to see. Control positions, with a good stop. Chase a single operation to be careful.