gold price continues to record high by risk aversion

The latest U.S. economic data performance continues to decline, while investors in the European banking sector renewed concerns about the health of the market risk aversion high, the New York Mercantile Exchange (COMEX) gold prices closed sharply higher on Thursday and again to refresh the history record high, COMEX12 December gold contract settled up $ 28.2 to close at 1822, after trading between 1786.8-1832 dollars.


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Free simulated trading software, the latest U.S. economic data performance continues to decline, while investors in the European banking sector renewed concerns about the health of the market risk aversion high, the New York Mercantile Exchange (COMEX) gold prices closed sharply higher on Thursday and again to refresh the historical record high, COMEX12 December gold contract settled up $ 28.2 to close at 1822, after trading between 1786.8-1832 dollars.

Fundamentals, the ECB suddenly disclosed the bank to a bank to provide a euro worth $ 500 million dollars in loans in a cycle for the first time since February this year, highlighting the euro area financial system faced funding shortages, caused by the eurozone banking concerns about the lack of adequate preparation of capital; the same time, the Fed asked the United States, Europe's largest bank branch to provide more information to prove a reliable source of funding to ensure its working capital requirements in the United States to further deepen the market anxiety, European stocks tumbled in the financial and banking stocks led the fall across the board, market risk sentiment, the gold market, the influx of hedge funds, even behind the gold again to refresh the record high. Data, the U.S. Philadelphia Fed report released Thursday showed the U.S. Philadelphia Fed manufacturing index in August to -30.7, much lower than the expected 3.7. U.S. NAR July existing home sales, seasonally adjusted, annualized 4.67 million total, is expected to be 4.9 million; annualized rate fell 3.5% in January, is expected to rise 3.8%. August 13, when the U.S. claims for jobless benefits increased 9,000 to 40.8 million, is expected to be 400,000. European data continued to slump as investors increasingly worried about economic slowdown will lead to the developed economies into recession, gold continues to be favored by investors. In addition, the world's largest gold ETF SPDR Gold Trust recently released data show that, as of August 19, gold holdings of 1286.83 tons, 14.85 tons of gold holdings, institutional re-form a continuous upward Masukura positive for gold.

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