gold price trend

2011年7月14日 星期四

the gold price to new high

From the gold price to new high! COMEX 8 New York yesterday, gold futures closed at $ 1,585.5 an ounce to close at settlement, rose 1.48%, and has touched intraday high of around $ 1,590. The continuous rise for the eighth day of October 2006, the longest continuous rise in the future period, recorded yesterday and is expected to more than two months, the biggest one-day gain in the future. This analysis, gold's rise was mainly attributable to the U.S. Federal Reserve Chairman Ben Bernanke's remarks and the European debt worries.

Like yesterday, the U.S. Federal Reserve minutes of the June meeting of the observation, QE3 do have the possibility of the introduction. Bernanke to Congress, said the nearly future economic recovery pace is still weak, and the unemployment rate continuously for three months rose, the event that continued economic deterioration and inflation moderated further, the U.S. Federal Reserve will be "ready to respond," for re-loose monetary policy to stimulate economic development , This time of speech to go to boost commodities and strong ability to support Young gold price. In retrospect, last year in Jackson Hole August Bernanke's speech is seen as the second round of quantitative easing starting point, since then, gold rose nearly 30% In order, it can be speculated that the weak economy and the spread of European debt is not determine the context, gold prices will further go Young. Technical analysis, conducted on the daily chart trend intact, but the more deviation from the 5 day moving average of the position, and a random index into overbought territory, does not rule out short-term correction will continue for the entire treatment may be upside

Can. From the options market future observations gold long-term trend, the Chicago Board Options Exchange (CBOE) gold volatility rate index on Wednesday rose 11% came to 19, continuous on the third day of the rally suggests the market long-term bullish on gold price's stance, suggested investors still last more than cloth bargain today and will focus on U.S. producer price index, the number of jobless people and the retail fund sales and other economic data

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