gold price trend

2011年7月18日 星期一

Gold price has now exceeded $ 1,600

Gold price has now exceeded $ 1,600

Gold soared high, indicating the investment market for international economic situation of fear, would rather hold gold as a hedge.





Gold rose for 11 days, has now exceeded $ 1,600 hurdle. Gold soared high, indicating the investment market for international economic situation of fear, would rather hold gold as a hedge.

In five European countries still have high debt crisis, the euro's recent trend of showing weakness, the dollar has fallen to 1.4 euros price, and may continue to weaken down. In addition, the dollar strengthened it? No. U.S. dollar index to 76 or so on some not washed up, the current credit rating companies have repeatedly shouted that if the U.S. debt ceiling is not raised to be lower rating. In this situation, the dollar is stronger what conditions?

Asian currencies it? In addition to the appreciation of the yen forced outside in the economic side there is not much good news, this opportunity a few days back the Asian currencies have depreciated. Meanwhile, the raw material currency Australian dollar also appears weak, whether the notice of the raw materials market, Jin weakness for the economy is not strong demand.

This week the focus of the market, or wait for Congress to make a decision on the debt ceiling, in the absence of good news before the market is still in a tense atmosphere. In addition, European banks stress test results, better than expected, but the market is generally on the results of this test indicated a high degree of suspicion. With the European pig Five maturities come due, the high demand for financial intermediation, and other European finance ministers or must issue a solution.

The prevailing view is that the debt problem must be an emergency, so this month the topic of concern these international markets, the preliminary answer to appear. However, not a panacea for poor countries must be made after the debt reduction program is to reduce the budget deficit. This will bring economic recovery for the next bad message, therefore, the views of the investment market is still conservative.

As for the gold rush it? In the high price of gold when the gold rush, or the risks are too high. Expect high volatility in gold, if correction then.

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