gold price trend

2011年7月11日 星期一

Gold price trend of late, Zhang Yingying that the short term

Continuation of the international price of gold rising trend on Friday COM EX 8-month gold closed up 11 to 1541.6 U.S. dollars / ounce, rose as high as 3.64%.

Analysts believe that, overall, the fundamental point of view, the early positive factor supporting the price of gold has not undergone any substantial change in medium to long term trend of gold will continue to be the pattern of the main shock is strong, as long as the financial side with the , the price is still expected to impact again this year $ 1,600.


Recently, the Bank for International Settlements (BIS) annual report revealed that central banks over the past year made 635 tons of gold from the BIS, the maximum withdrawal amount of 10 years.

Galaxy Gold futures analyst Zhang Yingying that, combined with price movements, the central bank to a large-scale gold extraction did not affect the gold price rally over the past year, the gold should not immediately flow into the private sector, the central bank of gold, would not eager to sell, even to sell, the price is not affected under the premise that the message is limited impact on the price of gold.

Gold price trend of late, Zhang Yingying that the short term, the market will digest the weak payrolls report brought good, the price of gold is expected to further upstream, but with the financial side of the situation, will not be much upside is expected.

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