gold price trend

2011年7月18日 星期一

Exhibition hedge gold charm with a new high

Investors interpreted Bernanke 13, then the Fed may introduce Q E3, but this clarification 14 Bernanke, the Fed is not yet prepared to take further action, the international price of gold fell in intraday trading. However, the debt crisis spreading in Europe, and investors concerns about the U.S. debt, continues to support higher gold prices. The commodity market restless, rising investor risk aversion, have chosen to buy gold as a hedging tool, to support the continuation of the gold rally, breaking the previous high point. Although the 15th week after two days rose to limited, but the international price of gold is still out of the rare "ten with Yang," Continuous Refresh high record. Currently, the international spot price of gold has been above $ 1,590 an ounce on the station.

The world's largest gold ETF positions also showed confidence in the market for gold, at 15, ETF-SPDR GoldTrust to 1236 tons of gold holdings, total holdings of 30.6 tons the week for the first time this year, large-scale Masukura .

15th week of the oil price shocks into the pattern again. As the week closed, New York light sweet crude for August delivery futures prices for the third consecutive week of gains. London, September Brent crude oil futures prices fell slightly in the week.


Look at the price of gold did not support the loose




Last week, benefited from a substantial risk aversion in the market to heat up, driving the price of gold hit record highs, rising for nine days or up to 7% of the total, the highest since October 2006, the longest period of continuous walking Yang, the uncertain economic outlook and European debt issues make gold much of favor.

U.S. Federal Reserve (Fed) Chairman Ben Bernanke in Congress, said recent economic recovery is still weak, will carefully observe the economic slowdown in the rate of deterioration and inflation to determine the subsequent policy measures. U.S. debt default and warned the U.S. and global economy will be catastrophic events, while the U.S. president and members of Congress last week, Obama has not made significant progress in negotiations. Budget negotiations delayed for so long makes the possibility of speculation technical default, Moody's has been the U.S. Aaa government bond rating on negative watch list, brings strong support for gold.

European debt issues continue to simmer, followed by the Greeks, the credit rating agency has also been named in Italy. And second-tier country euro zone bond yields climbing, lead investor for the sovereign debt crisis will spread to Italy and other core economies panic, driven turbulent market, a lot of money into safe-haven assets. If delays in the European finance ministers agreed to a favorable price movements.

12 release of "Gold Yearbook 2011", although the consultancy GFMS forecasts gold mining services company in the short term gold price will fall, but the institutional and private investors, investment enthusiasm for gold remains high, especially in China investment and official strong growth in net purchases. In the debt crisis and supported by strong demand, making the second half of GFMS gold's bullish trend is expected to break through the $ 1,600 barrier.

From the technical analysis, an unusually strong upward trend on map, but not even close to bring out the red bar under the lead of 9, suggesting that recent or digested anti-inflation hedge and good news, although the MACD is still bullish, but random indicators fall tendency, and the more deviation from the 5 day moving average chart position, there will not rule out short-term profit-taking selling pressure, the resistance above the $ 1,600 mark concerned. In view of the increased volatility in the short-term financial system, the proposed bargain-hunting investors cloth more sustainable and strict risk management.




Market Review: gold again last week by the International Department of surfaces affect the consumer, rose $ 54.

Reach the $ 1,594 maximum, minimum $ 1,540, closing $ 1593.
1. EU Bank Authority on Friday announced the latest bank stress test results, showed that eight banks are not qualified, even though the test results over the previous year a more, but the capital shortfall of 25 billion euros, lower than last year. However, due to debt problems in Europe caused by the macro uncertainty, the strong performance of gold. European debt crisis is far from resolved, with the August 2 deadline approaching, the U.S. debt problem has become the focus of the market. Rating agency Standard & Poor's (Standard &;;; Poor's) said on Friday that the U.S. "AAA" long-term sovereign credit rating and "A-1 +" short-term sovereign credit rating placed on negative watch. The agency said that at least 50% chance to cut the United States within three months of ratings. Previously, Moody's analysts also said that once the U.S. government not been able to pay the debt, the rating will be lowered the next day, the U.S. has been downgraded, it may not return to a period of time AAA rating 2 survey by Nielsen a survey the company report on Sunday also showed that due to the uncertain economic outlook, the euro zone debt crisis deepened and increased inflation makes people more cautious, the global consumer confidence index fell in the second quarter, year and a half minimum.

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