gold price trend

2011年8月19日 星期五

Gold prices rose reasons

Gold prices rose reasons


1. The world's largest gold exchange-traded fund (ETF) - SPDR Gold Trust, said as of August 18, a substantial increase in its gold holdings 14.85 tons to 1286.83 tons of one-week high, an increase of more than 1%.

2.U.S. Economic Cycle Research Institute (ECRI) said in a statement on Friday, August 12, only the U.S. weekly leading index (WLI) fell to 123.9, as revised 127.6 the previous week, the former value of 127.9.

3 JP Morgan Chase, said Friday in a summary, expected U.S. fourth-quarter 2011 gross domestic product (GDP) growth rate will be 1.0% annualized, well below the previously expected growth of 2.5%. For the first quarter U.S. economic growth next year, the bank is expected to grow 0.5 percent, before the expected growth of 1.5%.


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