gold price trend

2011年7月5日 星期二

Gold News: Standard & Poor's debt plan challenged the United States closed the gold market

Review Gold

spot gold to $ 1,487.00 International opened, closed due to yesterday's U.S. holiday, the market is no major data release, while the midday hours and then issue a statement to the S & P will depend on the Greek debt rollover plan as breach of contract, market risk emotions intensified, the price of gold rose affected day, the highest intraday $ 1,496.65, the lowest $ 1,486.65, $ 1,495.40 to close at the end. Day up $ 8.00, or 0.54%



July 4, the dollar index to 74.16 opening. Because the United States were shut for holidays, days of no major announcement, but again questioned the Greek S & P debt rollover plan as breach of contract, pushing up the dollar rose, the highest intraday 74.40, the lowest 74.13, close 74.25. Compared with the previous day day down 0.04, or -0.05%.

July 4, no major U.S. data release days, we see that since the Fed last week around the ISM and PMI index was improved, the market optimistic about the U.S. economic recovery in the second half of the United States refers to the benefit thus stabilized. We think: The U.S. economy was in decline due to above, Japan earthquake, resulting in shortage of manufacturing supply chain, oil prices remain high, and the southern United States and other extreme weather affecting the construction related industries, and these factors can be summed up short-term factors, with Over time, the United States will overcome these short-term factors that affect the economic recovery, the United States refers to so benefit increases.

Europe: Greece questioned again by Standard & Poor's solvency and debt rollover plan proposed by France, said the current plans and measures to implement any one, without any relaxation of the information, according to their standards, a debt default, the end of the euro affected the rise days of fall.

We think: With the formal end of the QE2, marking the end of the base currency of heavy volume, the U.S. economy emerged from the current turn, will become the main driving force of the United States refers to the increase. Outstanding debt crisis and the EU area, although the Greek to get a new loan, but this does not mark the end of the Greek crisis, faced with protests in Greece, the domestic pressure on the new austerity plan can be smoothly implemented will be the biggest question we had to keep point of view, the Greek debt restructuring will be the only way to solve the crisis in Greece, while the United States refers to the rise as the U.S. economic recovery will be starting up.

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