gold price trend

2011年7月25日 星期一

gold still has strong fundamentals to attract investors of reasons

Phillip Futures in Singapore, said investment analyst Ong Yi Ling, gold still has strong fundamentals to attract investors of reasons, including the continuing debt problems of the euro zone concerns, weak dollar, and emerging economies and their central banks to buy needed increase.

Analysts said the market outlook for the gold to provide further support will be the official areas: central banks in recent years continue to buy gold. According to the World Gold Council (WGC) 7 14 January, a report showed the first half of 2011, more than the world's central banks to buy gold in 2010 year level.

In addition, China and other major developing countries on inflation concerns also supported gold. Analysis, the global impact of loose monetary policy, inflation, short-term upward trend is unlikely to avoid, gold higher long-term natural reason.

From the supply side, there are further up the gold basis. Total gold production in 2010 exceeded the record high in 2001, the global gold market is about more than depletion of the newly discovered mineral deposits increasingly scarce, the quality of gold is expected to decline overall. Market participants expect supply to remain tight in the gold market, which will support prices of gold.
Obama) for the first time acknowledged the possibility of default, the dollar index on Monday (July 25) in the Asia Pacific trading hours extended recent losses.

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