gold price trend

2011年7月22日 星期五

gold price Hedging demand

gold price Hedging demand

Gold prices close to record highs, due to debt concerns in Europe and America continued to drive investors to buy safe-haven demand for gold.

Gold futures for August delivery rose $ 14.50, or 0.9%, ounce to $ 1,601.50, after hitting $ 1,607.70. Gold rose 0.7% this week, even three weeks up.


New York Mercantile Exchange, silver for September delivery rose $ 1.175, or 3 percent, ounce to $ 40.122. Silver prices rose 2.7 percent this week, tired, and even three weeks up.

Palladium for September delivery fell $ 2.60, or 0.3 percent, closing $ 806.40 an ounce, palladium prices this week rose 3.3%.

Period of platinum for October delivery rose $ 10.60, or 0.6 percent, received $ 1,798.40 an ounce this week, rose 2.4%. Palladium and platinum prices are rising for four weeks.

Copper prices rose three days for the first time, the strike has triggered demand for Chile's forecast.

New York Mercantile Exchange price of copper for September delivery closed up 2.65 cents, or 0.6 percent, reported $ 4.41 per pound.

London Metal Exchange (LME) 3 months after the delivery of copper prices fell $ 5, reported $ 9,675 per ton ($ 4.39 per pound). The price of copper over the past 12 months rose 38%.


Fun gold by central banks to buy those
Franklin Gold Fund manager Stephen ‧ Rand (Stephen Land) in Taiwan recently said: "The price may be high frequency, the main reason is supply and demand of gold." He believes that the gold supply increased by only about 1.6 percent per year, but the emerging market consumer force continued to increase, leading to price rise.
In addition, the U.S. unemployment rate remains high, the economic recovery stalled, with the debt crisis, the market against the U.S. dollar, the euro's stability is also skeptical. However, both of gold as money, but also to prevent inflation, so in the past 20 years, central banks have been standing in the seller, last year, central banks have become net buyers of gold to diversify currency risk.
Stephen ‧ Rand also said that gold stocks underperformed the gold price, because the rate of rising costs, more than the price of gold rose. For example, about the first quarter of the price of gold rose more than the fourth quarter of last year, $ 20, but the cost is even higher growth rate, gross margins are compressed, leading gold mining company in the first quarter of the profit decline. The second quarter of this year, the price of gold rose more than $ 100, although the costs were still rising, but because less than the price of gold rose, gold is expected to enhance the company's gross margin is expected to

沒有留言:

張貼留言