gold price trend

2011年8月28日 星期日

Gold price seems to be rising

Gold's gains in recent weeks by the European and American debt crisis and global economic pessimism support, but its rapid rate of rise also give rise to awareness, many market participants claim that gold has a tendency to bubble, the Air Force last week attack will enable investors Huangkong. To explore its causes, the market's confidence in the stock market is the short side main support, and gold profit-taking pressure being high. Also in response to large fluctuations in the price of gold, foreign futures exchanges have announced the increase of deposit, which the CBOT has reached 27% rate hike, the increase in investment costs for gold tremendous downward pressure, negative factors gradually shape.



But the global slowdown in economic activity continue to spread the message of the German PMI fell to its lowest level in two years, while China's PMI index is still below the 50 watersheds in the ups and downs. In addition, concerns about the debt crisis also continued to plague the market, France, Spain and Italy, three countries decided to extend the temporary ban on shorting financial stocks, people are worried about the potential of Europe and its banking sector financing. The euro-zone countries to Greece in exchange for the loan collateral requirements may hinder the smooth implementation of financial aid within the EU divided the Greek sign of trouble, investors panic fear of the expansion. Vertical on the above, multi-channel support force should not be underestimated.

Despite the recent short side seems to be strong, but weak economic recovery and the sovereign credit of the unstable price movements are supported, fully resolved in Europe before the debt crisis, gold is still biased towards long-term positive trend, the recent plunge or just a wave of ferocious correction pattern. The U.S. Federal Reserve (Fed) Chairman Ben Bernanke after the conversation, or will show a short-term gold price trend of the shock, investors should be strict risk management. This week the euro zone PMI index can watch and U.S. non-farm employment data, or the market will lead to a slight concussion.





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