gold price trend

2011年7月27日 星期三

International gold price gold the spot price reached $ 1,625.70 an ounce

International gold price gold the spot price reached $ 1,625.70 an ounce


Standard Chartered Bank today held "the second half of 2011 global investment outlook," chief strategist Brisbane (Steve Brice) optimistic view of the second half of the economy, and that the gold market outlook remains bullish

His gold is the asset allocation of goods, real interest rates remain low, gold demand in China and India, the real power of the national income growth, the central bank to purchase of gold, the dollar still weak five major reasons that the international price of gold will rise.

He said that gold production from the point of view, supply is still insufficient, and the dollar in the long-term signs of weakness, both fueled the price of gold higher.

He believes that gold will be on board in 2014, a record high $ 2,100, more than gold in the long term can be long term.

International price of gold in Asian trading today, the spot price reached $ 1,625.70 an ounce, in addition, the New York Mercantile Exchange (COMEX) 12-month intraday gold rose $ 1,628.1 an ounce, both new record high.


Other precious metals followed gold higher, silver hit a record $ 41.18 / 2 ounce half high. Palladium also hit its highest level since early February, Tuesday (July 26), palladium closed up 3.6% since the end of April for the best single-day performance. The world's largest silver exchange-traded fund (ETF) - iShares Silver Trust said its ending as of July 26 the silver positions increased 24.25 tons, to 9,915.86 tonnes.

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