the international gold price

the international gold price
According to foreign media reports, the Dutch finance minister Deya He said that because the EU finance ministers have been restructuring the banking sector the most important thing in this agreement, so a separate meeting is no longer necessary. But investors remain worried that the EU's ability to reach a comprehensive settlement of the European debt problem.

In addition, the United States also came the bad. U.S. Conference Board announced on October 25 consumer confidence report showed U.S. consumer confidence index unexpectedly fell sharply. Data showed the U.S. October consumer confidence index dropped dramatically to 39.8, far below the expected 46.0, and hit its lowest level since two and a half. The index was 46.4 in September. Consumer Confidence Index fell again led the market's worries about the future U.S. economy.

Affected by this, hedge funds into the gold market, the international gold price is significantly elevated. October 25, the London spot price of gold rose 51.2 U.S. dollars / ounce, or 3.1 percent, to $ 1,704.9 / oz closing, more than a month for the first time back to $ 1,700 / ounce mark at the top.
the international gold price

factors affecting the gold price

Generally speaking, factors affecting the price of gold can be divided into "political side" and "economic side" of two categories.
Several main factors summarized as follows:
Political aspects
Political factors: 1991.8.19 Soviet gold in 1 hour $ 10 rise; Gulf War broke out in 1992, gold prices stood 400 U.S. dollars / ounce less than; September 11, 2001, the price of gold soaring $ 17 (from 276 ~ $ 293), an increase of 6.2%. Other situations, such as Israelis and Palestinians, the situation in the Taiwan Strait, North Korea are in a precarious situation, the international situation as the main cause of price rise in recent years, predictable gold hedging will be further strengthened.

Economic sideU.S. dollar: an increased risk of U.S. debt, foreign debt accounted for 46% of gross domestic product, economic structural problems have become increasingly prominent. The basic relationship between gold and the dollar relative to U.S. dollar fluctuations often affects the price of gold.
Energy activity: fluctuations in oil prices affect the world economy, especially the United States. U.S. economic trends affecting the U.S. asset quality, rise and fall along with U.S., also contributed to the gold price fluctuations. In addition, higher oil prices caused by inflation concerns, prompting U.S. interest rates, although this benefit dollars, but if the long-term high inflation, high interest rates coupled with high oil prices and the adverse effects on the economy, will deepen the economic stagnation of inflation concerns, which makes gold a store of value even greater.
Central bank activity: large gold by central banks, according to the World Gold Council announced the world's total gold reserves of 32,650 tons, about 13 times the world annual production of gold, so the sale of gold by central banks has become the trend of the main factors affecting the price of gold. With the dollar falling, the European Central Bank selling of gold reserves at the same time, central banks in Asia and the Middle East, but in order to adjust the foreign exchange reserves to absorb the gold structure, reducing the proportion of U.S. dollar assets, which is one of the reasons to support gold prices.
Technology Industry: Gold and strong as ductility, plasticity, electronics, electroplating, medical and other annual consumption of about 60 tons, about 17% of total consumption. So the more developed industries, high demand, the price of gold rose.
Consumer factors: the rise in the global economy, rising incomes, demand and supply of gold itself makes the price of gold in 2005, after increasing the dollar off the hook, correlation decreased. Changes in consumer factors can influence short-term trend of gold, so the main consideration for seasonal effects, such as the annual Golden Week, the Spring Festival holiday, and the peak of the Indian marriage in October, buying gold demand.
Global gold supply and demand: the current state of the world's gold is still in short supply, is likely to further exacerbate the gap between supply and demand, gold prices are basically caused by fundamental factors. The report notes that in 2004 the first time the world's gold supply and demand in short supply. South Africa's high-quality gold resources depleted, it is estimated that only a small amount of gold in South Africa can continue mining until 2025, gold production growth rate will be reduced by one third than at present.
reasons  affecting the gold price

Reasons -the international gold price continued to rise

Make Liang pointed out that in recent years, governments crazy printed banknotes, leading to the value of banknotes continued to decline, coupled with the United States to abandon the "gold standard", printed banknotes are no longer based on the relative value of gold money stock .

     As a large number of countries to print money on the impact of Taiwan, Make Liang said the export-oriented Asian countries, U.S. exports will get back, but not to the street to buy things in dollars, so we should replace the New Taiwan dollar currency use.

     Make Liang for example, China's total exports for the year at $ 3 trillion, the relative constraints to be printed six times the yuan, that is, 18 trillion yuan, a year so the mainland was forced to print 18 trillion of money, of course, the hands of local people will there are a lot of cash.

     In addition, prices continued to rise for the cause of Taiwan, Make Liang also directed, because Taiwan is export-oriented countries, the manufacturers of export commodities in exchange for U.S. dollars, the Government must step up India to about 30 times the NT.

     The trend for gold, Make Liang stressed that all sectors have different versions, some say $ 2,300 an ounce before the end, it was said will reach $ 5,000 an ounce, or even let it be someone breaking $ 15,000 an ounce, but he that breaking $ 15,000 an ounce, should be unlikely.

Reasons -the international  gold  price  continued to rise

Gold and silver jewelry prices edged up

Gold and silver jewelry prices edged up
    Yesterday, the Shanghai Stock Exchange Gold opened at 351.96 yuan / gram, to close at 352.79 / g in January to new record high. China's gold 366 gold yesterday yuan / gram, silver price of 9.13 yuan / gram, the former than the price of upgrading 25 of about 10 yuan / gram, which raise the price over 25, 0.6 yuan / gram.
    China Gold said the person, traditionally, gold and silver sales in late October is the off-season. But gold jewelry sales up 20% over last year, silver jewelry is about 10% increment. Yesterday, Chow Sang Sang jewelry gold price of 437 yuan / gram, bullion price of 429 yuan / gram, compared with a few days ago there was up.
    Southwest International Jewelry City yesterday investment in gold bullion price of 364 yuan / gram, investment in silver bullion price of 7.78 yuan / gram, both priced the same as with the day before yesterday, but the former is higher than 25, up 12 yuan / gram, which is higher than 25 rose 0.42 yuan / gram.
    Factors that stimulate the gold hedge
    "Gold prices rose again in the end I should buy?" This is the city's many gold investors are tangled in a recent issue. After some time ago the price of gold plummeted after two days back up, hit a new high of nearly a month, but the city seems to be gold or afraid of people.
    City sources said a joint-stock banks, the early gold prices plummeted, some people are deep-set, the next step on the market trend of lack of confidence. Merchants Bank Chongqing Branch of the high order of good financial experts believe gold prices in recent days, mainly hedge factors may play a role. Now the euro area after an agreement to resolve the debt crisis, may reshape the market confidence, and thus the gold price trend in the next step to bring good news.
Gold and silver jewelry prices edged up

international gold prices rose

External debt worries deepen the EU, international gold prices rose, the latest stop on the closing price of $ 1,723.5 an ounce, taking advantage of this wave of gold fever, there are online shopping industry cooperation and the Swiss foundry orders through the Internet as long as 14 days time, people can receive physical gold and silver floor, with at least two to one compared to the number of take-off, network operators can trade a minimum of 1 gram. ...
international gold prices rose

the debt crisis in Europe is very sensitive.

The euro, investors any possible solutions to the debt crisis in Europe is very sensitive. EU summit yesterday hastily, this EU summit has three major issues, which have reached agreement to expand EFSF, while Greek debt by total capital restructuring and banking issues have reached a basic agreement. More after the finance ministers' meeting in November will do on the discussion. Four times the leverage of the euro area will EFSF to 1 billion Euro. Beijing this morning banks have basically agreed to write down 50%, boosting the euro rose sharply. The restructuring of the banking capital, countries have reached 9% capital adequacy ratio of a consensus. EU summit, however, these agreements are not reached will be able to solve the problem of the euro zone out? The answer is no, the use of leveraged debt to solve the enormous problems there will be serious consequences, fear of triggering a new crisis. After the publication of the draft statement in the euro area, euro dollar briefly rose. In addition, Asian countries will provide financial support for the euro area, the Asian countries to ease the debt crisis in Europe to boost the euro support is the most important factor.

the debt crisis in Europe is very sensitive.

international gold price

international   gold  price  led by gold stocks 26 stocks rose across the board. Hong Kong market, gold stocks generally rose early, Lingbao Gold rose 4.76%, Zhaojin Mining rose nearly 3 percent, China International Gold also rose more than 2%. Is ascribed to the domestic gold stock, plate or top, 26 closing, Ronghua Industry gains of 8.23%, Zijin Mining gained 6.26%, Hang Bong shares rose 5.59%, Shandong Gold rose 5%, in Gold or 4%.
 international   gold  price

Gold Association, Guangdong Province, Zhu Zhigang, chief analyst, told reporters on the China Economic Times, from a technical point of view, after finishing the recent shock, Japan intends to form a double-dip gold K line shape in the short term there is likely to rebound further support, in a rising gold price the trend. In the stock market trend, based on the gold price affected by the strong gold stocks, but more positive stage.
 Market analysts believe that investors held 26 European Union summit to reach a settlement agreement debt problem solution skeptical, the spread of market risk aversion.
 October 25, the German commercial banks said gold trend in the EU summit may be limited, if the Fed to ease monetary policy further, the gold may be strong. "If the EU summit issued the debt crisis solutions, gold may be slightly higher at the same time, the Fed launched within the QE3 and other loose monetary policy are growing, which will ultimately weighed on the dollar and good gold
international   gold  price

Gold price decline

 Gold  price decline
A stronger US dollar, the demand for gold as an alternative asset by Dayton, New York, gold hit a 18 the biggest decline in two weeks; and by the world's largest metals consumer slowdown in economic growth in China dragged down the second consecutive day in New York copper futures fell to the ground.
 The New York Mercantile Exchange (Comex) 12 month gold fell 1.4 percent, to close at 1,652.80 dollars per ounce, the biggest decline rewrite 4.

 Gold  price decline
Gold on September 6, once soared on the new price of $ 1,923.70, but the decline in September is still on-line record the largest since October 2008, the price of gold has been tired in October rose 1.9%.
 New York, December copper fell 0.5 percent, to close at $ 3.36 per pound.
 London Metal Exchange (LME) 3-month copper fell 0.6 percent, to close at $ 7,448 per ton, $ 3.38 per pound considerable.

International gold price

International gold price
since the September 23 fall below $ 1,700 per ounce, nearly two weeks of gold per ounce in 1600 - $ 1700 range-bound, silver floor, the emergence of bargain hunting, "buy gold rush" to buy gas for more than two percent more than the previous : yesterday the price of gold rose to $ 1670 a small up and down. Gold traders said the Bank of Taiwan, as long as the news of not deteriorating, gold broke $ 1,700 before the end of a very high probability.
     Taipei Association chairman Liwen Qin said gold and silver jewelry, gold fell back this wave, active bargain hunting investors, mostly gold bullion, gold bars, mostly to buy 5 single highest proportion of two gold, current market price of about NT $ 32 million, to be after the release of future gold prices, earning the spread.
     International gold price
Liwen Qin said that the current investors are still male-dominated, accounting for more than 7 percent, over the age of between 40 to 50 years old, stand on the $ 1,920 the previous gold high when sold in batches, keep cash around, take this wave of low-grade re-replenishment; The decorated with gold, is still engaged, births, birthday demand mainly due to economic downturns, Liwen Qin said, people are still buying increasingly conservative attitude.
     TSMC chairman Morris Chang said that the economy will be bad to 2013; Liwen Qin pointed out that the stock market, real estate plunged, but with a safe-haven gold, even if the degree of decline is limited, if excluding short-term investments, make the difference reasons, we recommend gold accounts for about 1 percent of asset allocation.
     Precious metals prices this year by the impact of the global mining and resource stocks rebounded sharply recently, the recent rebound associated lift resources fund, according to statistics, since October, including BlackRock World Mining, Germany Sheng Deli global resources industry, JPMorgan Global natural resources Fund, etc., or more than 10% of outstanding short-term rate of return: JPMorgan said it with the mining industry who have recently been rel
International gold price

gold price rising

 gold  price  rising
European debt crisis, there will be no short term solution, with mixed U.S. economic data, the dollar rose, pushing gold down. New York, December gold fell $ 6.4 an ounce, or 0.4 percent, to $ 1,676.6, electronic trading continued to fall 0.24%. gold  price  rising
December silver fell $ 0.35 an ounce, or 1.1 percent, to $ 31.82, e-grind 0.21%. December copper fell 3 cents per pound, or 0.9 percent, to $ 3.38, electronic grind 0.86%. An ounce in January platinum fell 3.1 to 1551.8 U.S. dollars, 0.21% electronic grind. An ounce and December palladium fell from 3.75 to 616.8 U.S. dollars, 0.25% electronic grind. (Vi / a)

Gold prices continue rising

Gold prices continue rising,

Gold prices continue rising
analysts say, gold retail investment purchases entities and the ideal, the gold still get support after more than a single investment and speculative funds to wash out the gold market is currently bullish.

New York gold futures closed up on Friday, rewritten since early September, the biggest weekly gain, mainly due to rising demand for jewelry and coins, commodities and stock market boom.

Gold prices continue rising
In addition, U.S. consumer spending higher than expected in September, has brought optimism to Wall Street, supported the gold price higher. Gold prices on Thursday, also helped attract buying approach.
With the Group of 20 (G20) began to discuss the attempts to prevent the debt crisis in Europe, U.S. retail sales data is also better than analysts expected, since December last year, commodities toward the biggest weekly gain forward, while the global stock market is ready to write down the most since July best weekly performance. India, the world's largest gold consuming country and the religious celebrations this month, the eve of marriage season, gold demand is likely to heat up.
New York Mercantile Exchange (COMEX) 12-month gold closed up 0.9 percent on Friday, reported $ 1,683 per ounce, up 2.9% in total throughout the week. U.S. retail sales data after the announcement, gold and other commodities with other asset prices.
Standard Bank Group said in the report, physical gold demand has reached at least since 2009, one of the most powerful level.
Gold prices continue rising
Containing Al-Douri, including the Swiss banking group in London analyst mentioned in the report: "The recent price movements and risk assets was a positive trend, which means the next few months will be living in mixed gold space, thanks to the business cycle increased risk to a certain extent, as well as the full impact of sovereign debt risk. "

Controlled by a bull gold market
Analysts said the gold market is now controlled by the bull. By the recent market turbulence caused overbought, seems to have ended. The market trading has become more reasonable.
Gold may remain supported by the European sovereign debt concerns, although there are recent signs of optimism, is still far from over.
Over the past few days, gold stocks tend to trend with the United States, safe-haven appeal faded. U.S. stocks rose on Friday, the week up 4%. Over the past few weeks, the gold market under pressure. Wall Street fell, prompting investors to sell gold and other metals, for cash, pay the deposit.
Weaker U.S. dollar also helped support gold and other raw materials futures. Tracks the greenback against a basket of six currencies dollar index fell to 76.699, to 76.978 on Thursday
Gold prices continue rising