gold price trend

2011年12月5日 星期一

Strong demand, boosting gold prices reaching a record high

Deepening debt crisis in Europe, the United States to continue the quantitative easing policy, the situation in East and North Africa turbulence, energy price shocks up, slowing economic growth in emerging countries such as environment, highlighting the gold store of value. As an important hedging tool for international capital, gold position this year continuation of last year, sharply rising prices, the market demand for gold investment demand in particular is growing.



The uncertainty due to global inflation and worsening debt crisis in Europe, the U.S. dollar long-term weakening trend, increasing gold's safe-haven demand, the global gold investment enthusiasm. World Gold Council, the latest released in November gold demand trends report that gold demand in the third quarter of this year reached 1053.9 tons, an increase of 6%, worth $ 57.7 billion, setting a record high. Market demand for gold mainly from investments, gold, central bank reserves, four aspects of industrial demand. In the third quarter of 468.1 tons of gold investment demand, an increase of 33%. Central banks continue to increase their gold, gold in its reserves in the proportion of the total rising in the third quarter, the global central banks bought a net 148.4 tons of gold, of which a large range of developing countries, central banks buy gold, while the European central banks significantly reduce the the amount of gold sold, mainly to support the future of gold from central bank buying. The third quarter of industrial gold demand reached 120.2 tons, maintaining the level last year.
Strong demand, boosting gold prices reaching a record high. As of mid-November, this year's $ 1,560 an ounce gold price, average price of $ 1,224 over last year has risen 28 percent, on several occasions during the break through $ 1,800 an ounce mark. The first quarter of this year, gold prices rose 2.4% last year, London March 31, the price of gold reached $ 1,439 an ounce this year, start at the beginning of the long-term gold price of gold come true upward trend. The second quarter of the price of gold is steadily rising, the average price of $ 1,506.13 an ounce, growth of 8.6%, after hitting a high of $ 1,552 an ounce. The third quarter, the price of gold is surging, the average price per ounce $ 1,702 quarterly, an increase of 39%, September 5, 6, London, gold reached $ 1,895 an ounce, a record high. First quarter gold price fell from a high of September, then all the way to recovery, great prices peak and then washed trend

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