Gold Price-Asian Gold market just around the corner and then refresh the 1,600 high

Following overnight constantly refreshed after a record high on Thursday (July 14) Asian city in early trading, spot gold continues to airs to forward the current record has been pushed up to 1,589.89 dollars / ounce, just around the corner pass 1,600 .

Wednesday New York time, Fitch Ratings cut Greece continue to cause investor concerns about debt problems in Europe, coupled with the possibility of Bernanke's testimony will QE3 "carried forward", in the weak U.S. dollar and hedging double boost, spot gold sharply Brush up and repeated a new record high, once to 1,587.95 dollars / ounce. New York Mercantile Exchange (COMEX) 8-month gold rose to U.S. $ 1,588.00 / oz high.



Federal Reserve (FED) Chairman Ben Bernanke (Ben Bernanke) Wednesday in the U.S. House of Representatives Financial Services Committee (House of Representatives Financial Services Committee) published on economic and semi-annual monetary policy testimony. Bernanke made it clear that further relaxation of the Fed policy must keep all options, and the third round of the quantitative easing policy (QE3) the Fed must keep one of the options.

Analysts pointed out that the Federal Reserve announced Tuesday June meeting to further the Fed is already paved the way to ease monetary policy, Bernanke's testimony this day sucked QE3 ideas further "carried forward", affected, no blessing of dollars at stake endure support hedge, gold will ultimately benefit.

Merrill Lynch (Bank of America-Merrill Lynch) analyst Michael Widmer said, "Gold continued to rise in the next five years, investors have been buying gold should be tightly covered tightly, and spectator admission should be hastened.