gold price trend

2011年7月24日 星期日

gold price soared sky-high price

gold price soared sky-high price


U.S. debt limit by negotiation


International gold Jingjing up, per ounce price once soared to a new U.S. government will increase the debt limit negotiations fail, the risk of seeing the United States down debt explode, driven by hedging demand, gold becomes a hit.

New York, August gold rose 1.4% in intraday trading, reported $ 1624.30 per ounce. 7:41 am Singapore time, gold reported $ 1,617.20. Spot gold rose plate was also 1.4 percent, to $ 1,624.07.

Mine Life Pty Ltd. In Sydney, Head Winter (Gavin Wendt) said: "European investors are increasingly worried about the debt crisis, demand for gold Roll hedge as investors have fled U.S., looking for safe haven."

U.S. House of Representatives Speaker Boehner (John Boehner) to the Republicans said that in the final on August 2 as before, the United States has yet to finalize an agreement to increase the debt limit. Standard & Poor's credit ratings (Standard & Poor \ s Corp.) 21 warned that debt limit negotiations stalled, the S & P down over the next three months, the U.S. "AAA" credit rating the probability of the top high as 50%.

HSBC Securities USA Inc. Analyst Steer (James Steel) released a report that: "The EU assistance to hope to finalize the program, the market suddenly turned into a stalemate of the focus of U.S. debt negotiation, which will be about the gold price the United States may still be finalized Lightning debt limit negotiations, the price of gold will make an immediate negative response to this. "

Republican Congressional officials said Burnett by telephone to the members that the debt ceiling increase of $ 14.3 trillion of which is continuing negotiations. Measure the U.S. dollar against six major currencies dollar index (Dollar Index) depreciation of 0.3% in intraday trading today.

Winter said: "As long as uncertainty continued to negotiate debt limit, no doubt, to hedge the price of gold demand is still rising in tandem."

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