gold price trend

2011年8月3日 星期三

Why the international gold price hit a new hig record

Why the international gold price hit a new hig record

1A weak U.S. economic data


Recently released a series of weaker than expected U.S. economic data shows that the U.S. is not only facing a huge debt burden may also fall into the plight of slowing economic growth,

Investors expect the Fed will have to restart the ultra-loose monetary policy to stimulate economic recovery and strengthen the attractiveness of gold hedge.


2 increase in hedging demand

Since June, an unexpected decline in U.S. consumer spending concerns about the market prospects for U.S. economic recovery, boost demand for hedging


3 India, China, the festival season demand for physical gold recovery

South Korea's central bank today announced its purchase of 25 tons of gold 6,7 months, bringing the country's gold reserves rose to 39.4 tons. PFGBEST Maikedaili senior gold analyst, said South Korea since 1998 to become the first news of the day to buy gold price rise a major positive.

Daly said that despite the recent demand for physical gold price of gold rose on the composition of suppression, but with India, China, the arrival of the holiday season, demand for physical gold is expected to appear rebounded significantly.


Day, the most active December contract rose $ 22.8 an ounce to close at a record high closing price of $ 1,644.5, or 1.4%.

U.S. Commerce Department released data show that in June this year the U.S. personal consumption expenditure decreased by 0.2%, lower than economists expected growth of 0.1%

The first time in nearly two years down. The chain in June personal income increased only slightly by 0.1% for the last year, the smallest increase since November.

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