2011年8月25日 星期四
London spot gold price of U.S. $ 1,725 intraday reported
Gold fell in intraday trading Thursday to around $ 1,704 per ounce, but then rebounded, London spot gold price of U.S. $ 1,725 intraday reported; New York, December gold futures intraday price fell 1.5% to 1,731 U.S. dollars.
With the price of gold fell, gold market has emerged which is the bubble began to burst the warning signs.
Gold rose above 1,910 in the week after the U.S. dollar, CME to increase the contract on margin, so New York, December gold futures on Wednesday hit since March 2008, the biggest one-day drop. Optimistic about the market on Wednesday with the U.S. durable goods orders and prices and other data are better than market expectations, will continue to stabilize financial markets, and investors buy gold as a hedge to reduce the demand.
Societe Generale analyst Danny Sibo (Jesper Dannesboe), said gold is expected to continue downward revision of the case for some time. He stressed that when the price of gold is more volatile and gold deposit contract will be increased and other factors pose more pressure on gold.
Gold bull market is entering the 11th year, mainly due to the debt crisis and the U.S. economy into a second recession in danger of lead investors to hedge demand. But two days gold prices retreated. According to Bloomberg data, the gold index-based products (ETP) holders of gold until the site as of Wednesday, 4 consecutive days reduced, since January is the longest, continuous reduction of 26.9 tonnes to 2,154.7 tonnes of gold. Gold ETP assets held on August 8, 2,216.8 tonnes of gold highs. Bernanke said Friday that the original market expectations QE3, Adds Passing for the gold, but this expectation has been slowly fading. Turn heat up inflation in the United States that Bernanke may not be launched shortly QE3.
CME announced on Thursday after the close of every 100 ounce gold futures margin increased 27% to 9,450 U.S. dollars. Shanghai Gold Exchange said on Tuesday began late Thursday to increase the margin.
With the price of gold fell, gold market has emerged which is the bubble began to burst the warning signs.
Gold rose above 1,910 in the week after the U.S. dollar, CME to increase the contract on margin, so New York, December gold futures on Wednesday hit since March 2008, the biggest one-day drop. Optimistic about the market on Wednesday with the U.S. durable goods orders and prices and other data are better than market expectations, will continue to stabilize financial markets, and investors buy gold as a hedge to reduce the demand.
Societe Generale analyst Danny Sibo (Jesper Dannesboe), said gold is expected to continue downward revision of the case for some time. He stressed that when the price of gold is more volatile and gold deposit contract will be increased and other factors pose more pressure on gold.
Gold bull market is entering the 11th year, mainly due to the debt crisis and the U.S. economy into a second recession in danger of lead investors to hedge demand. But two days gold prices retreated. According to Bloomberg data, the gold index-based products (ETP) holders of gold until the site as of Wednesday, 4 consecutive days reduced, since January is the longest, continuous reduction of 26.9 tonnes to 2,154.7 tonnes of gold. Gold ETP assets held on August 8, 2,216.8 tonnes of gold highs. Bernanke said Friday that the original market expectations QE3, Adds Passing for the gold, but this expectation has been slowly fading. Turn heat up inflation in the United States that Bernanke may not be launched shortly QE3.
CME announced on Thursday after the close of every 100 ounce gold futures margin increased 27% to 9,450 U.S. dollars. Shanghai Gold Exchange said on Tuesday began late Thursday to increase the margin.
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