gold prices rise reasons

As the rumors, the International Monetary Fund (IMF) to prepare € 600 million ($ 801 billion) aid package to fight the Italian air, the stock market and other commodities and gold prices.Gold prices, gold prices despite the recent correction. Average annual price babsis, gold outperformed almost all of 2011 the stock market and commodities, the prices remain high $ 259.70, or 20.3%, for the 11th consecutive year in advance.Speaking want the gold price, Barclays Capital analyst Suki Cooper, precious metals forecast, gold prices in 2011 and $ 2,000 for the fourth quarter of the average $ 1,875 per ounce in 2012. She did not mention, however, "In the short term prices seem a little soft, but we are still positive longer-term."
She gives her predictions, because "the continued concern about global economic conditions, which will continue to support investor interest in gold." She also added that "physical demand for gold rise late, and the gold ETF flows picked up in October, which has continued into November."The price per ounce of gold will be in the last few days, due to the weak dollar, sending the price of gold soaring

Comex division of the New York Mercantile Exchange gold for December delivery rose U.S. $ 1,716 an ounce, $ 30.30. Each Kitco's Gold Index, the yellow metal's price and the spot price stays at $ 35 an ounce $ 1,722.40 $ 1,684 transaction.Hope to rise, stronger currencies of 17 countries, a fiscal union, will help curb the debt crisis, gold prices rose sharply and the dollar weakened against the euro.According to reports, the euro area countries in the negotiations to create more between countries of the euro fiscal consolidation - will be the euro area have agreed to implement austerity measures. The euro area, German Chancellor Angela Merkel and French President Sarkozy's decision will enable the country to give up some sovereignty in order to save the euro.A strong physical buying also sent gold prices. The SPDR Gold Shares of (GLD) According to reports, now has nearly 1,300 tons of gold as investors actively bought the week before.
In a recent note by the Barclays, it was said, exchange-traded products increased by more than 70,000 tons last week, 2,273.5 tons of total metal to a new record. It said, "We are optimistic and look forward to the area of ​​$ 1,600 to buy above resistance around A $ 1,736 break will confirm our views and open to around $ 1,803, and our target area of ​​$ 1,840."Oliver Pursche, a common combination of GMG defensive Beta fund manager said, "This is a bit a three-game winning streak.
gold prices

gold market gold price rose

Which constitutes the pressure on gold. Although the long term, prospects for the economic situation worries, will make many \ and more countries introduce quantitative easing policy, the ultimate good gold market. But the short term, funds to be returned to the gold market still needs some time and with the relevant market. Such as the dollar fell into the round end of a strong market adjustment.


Or have other geopolitical news, very good match, it can ultimately change the current relatively weak state of the gold market. Recommended more attention to the current geopolitical situation and the dollar. Expected price of gold will continue to run in the 1685-1710 range-bound, waiting for news stimulation. However, considering the behavior of ETF holdings continuous, we remain bullish centerline point of view, it is proposed to continue the bargain-hunting investors a lot of middle holdings of gold, rose gold and wait.

gold ETF SPDR Gold

Federal Reserve Chairman Ben Bernanke asked officials to consider longer-term goals and the Federal Reserve released the policy strategy statement. Fed officials discussed the Fed's policy with nominal GDP and price level targets such as linked, but decided in the current environment to make such a change is unwise. In addition, the pace of economic recovery that Fed officials will likely continue to be a lasting negative factors dragged down for some time.
Recent data show that the economy is unlikely to relapse into recession, but officials believe that the downside risks to economic growth prospects huge risks, including the European debt crisis intensified when the spillover effect, the Fed should consider further quantitative easing policy. The wording of the Fed minutes modest little effect on the market. Euro area, German Finance Minister Schaeuble said Tuesday in a speech at the parliament, we will take all measures to prevent threats to the stability of the euro area. However, we can ensure that Europe will only maintain a steady approach to monetary measures, it is our commitment to give the euro, the euro is a stable currency, an independent central bank, and will not become the country's financing side. International Monetary Fund (IMF) said on Tuesday it had approved a new lending facility, to better help countries cope with economic crisis, including IMF donor countries receive capital contributions of up to ten times the equivalent of a loan. This message constitutes a boost to the gold market. In addition, the world's largest gold ETF SPDR Gold Trust recently released data show that, as of November 23, gold holdings of 1297.32 tons, 6.05 tons of gold holdings, institutions continue to show long Masukura still firm, the market outlook for gold increasingly more confidence.

Europe's growing debt crisis

Fitch Ratings (Fitch) said Wednesday that Europe's growing debt crisis, the economic downside risks, and liabilities of the increase may be the French sovereign rating of AAA risk.

November 23, auction of government bonds in Germany, the euro after the decline began to intensify. Treasury auction results for Germany since the advent of the euro one of the worst. This means that the debt crisis may have spread to the euro zone, "the last piece of land" - Germany. France, the euro zone rating and ratings are subject to a warning.

The German Federal Government on Wednesday a € 3.644 billion auction of 10-year bonds, coupon interest rate of 2%, the average bid rate of 1.98% over-subscription rate of 1.1, suggesting that poor demand for government bonds.

global gold ETF holding gold to a record high,

 According to Bloomberg statistics, during the Indian festival of Diwali, from October 20 to November 8 only, the price of gold was at $ 1,800 an ounce very, or 11.7 percent.

Fourth quarter of this year, decorated with gold season, gold, although not too passionate show, but still maintain high shock was up pattern, with the end of Diwali in India, having a look then? Days of Investment Consulting, said, followed by Chinese New Year approaching, decorated with gold demand is expected to remain buoyant, especially in Europe and the debt wild fire, stop, continue to attract the influx of gold investment demand, pushing up global gold ETF holding gold to a record high, so gold and gold shares fund Expectation still optimistic with the matter.

gold prices rise reasons

http://goldenprice.blogspot.com/2011/11/gold-prices-rise-reasons.html
Gold analysts said Bank of Taiwan, the European sovereign debt crisis interference with international financial markets, international funds into U.S. dollars, to suppress short-term trend of gold; However, the current research trend is still bullish on gold next year, the proposed gold investors every fall, can approach bargain in batches layout.

Gold analysts said the world price of gold fell last week, the current upward pressure on areas around the 1780-1800 U.S. dollars, lower support around 1700-1710 U.S. dollars falls.

In addition, from the world's largest gold index fund ─ SPDR gold ETF holdings of view; as of November 17, the SPDR Gold ETF's holding the number of 1268.66 tonnes of gold, last week's positions increased more than 20 tonnes, showing investment capital gradually withdrawn from circulation.

Polaris Gold futures trust fund manager Li Fang wide that the international price of gold by European debt problems at this stage interference, and low strength of buying a double squeeze, fear of wandering in the next quarter online.http://goldenprice.blogspot.com/2011/11/gold-prices-rise-reasons.html

gold price close at 1720.2 U.S. dollars

Overnight COMEX12 December gold dropped $ 54.1 / ounce to close at 1720.2 U.S. dollars / ounce, the domestic front, the main 1206 Shanghai gold contract today opened sharply lower, off a small shock, to close, to close at 353.56 yuan / gram, trading volume and open interest has increased.

In Europe, Spain, Thursday, 10-year bond sale the highest bid rate is 7.088%, the average bid rate of 6.975 percent, the highest since 1997, the highest level. In France, 2-4 on Thursday sold bonds, borrowing costs jumped by about 0.5%, the market worried about the debt crisis and further spread to France.
United States, announced yesterday the U.S. data better, the U.S. Department of Commerce (DOC) published data showed U.S. housing starts in October, a total of 628,000 years of better-than-expected 610,000. In addition, the U.S. Labor Department data show that the United States on November 12 when the number of claims for unemployment benefits fell by 0.5 million to 38.8 million, is expected to be 395,000, to 7-month low. Positions, as of November 17, the world's largest gold ETF - SPDR's gold holdings increased 12.102 tons, to 1289.457 tons.

gold price fell to $ 1,710 per ounce

International U.S. dollar rose, the  gold price fell to $ 1,710 per ounce mark, to attract investment buying came out. Bank of Taiwan Ministry of precious metals trader said yesterday after the opening price of gold buying Chao Wang, a large number of pay have been bargain-hunting, gold purchases is 2 times the previous day. Yesterday the price of gold up to $ 1,731.59 as low as $ 1,710.64, gold ornaments on each domestic price of 6540 yuan of money to sell.
     "We want to approach a bargain!" Record breaking price of gold finally, back near $ 1,710 per ounce safety buy, many investors such as long, and quickly increase the gold parts of the approach, so that trading volume yesterday greatly increased. Department of precious metals trader at the Bank of Taiwan, said this month, yesterday, the most "lively" in the past that gold prices go too high, do not start buying gold investors, all withdrawn from circulation.
     Analysts said gold, gold and the dollar's recent "reverse relationship" more and more clear, as long as the dollar fell, gold will rise. In addition, the recent gold and the stock market is also linked high, have shown the trend was up crash. People interested in investing in gold, the dollar can be observed and stock market volatility, timely approach to increase or decrease the holding area.

the international spot gold rose

Profit taking by investors as well as a stronger dollar, the international spot gold rose overnight from last week's highs. Tuesday continued a slight decline in early Asia after the rebound, currently trading at $ 1,723.00 / ounce. Analysis pointed out that short-term trend for gold speculators are still cautious, short-term gold trend expected turbulence.
 Japanese Finance Minister Ann live soon (Jun Azumi) Monday (October 31) said in a statement Monday, the Japanese authorities unilaterally intervened in currency markets. On live soon pointed out that Japan seeks to suppress the interference behavior of speculators pushing up the yen, because the appreciation of the yen threatens to undermine the Japanese economy since the March earthquake recovery.
 Royal Bank of Canada Capital Markets (RBC Capital Markets), precious metals analyst said George Gero, Japan's intervention in currency markets pushed the dollar higher, and some of the funds due to the lack of details of the euro rescue package on Monday to settle positions cause the price lower. At the same time, some investors do not want to sell gold, because of slowing U.S. economic growth and continued concerns about euro zone debt crisis, they think that the future market volatility will be greater.
 However, George Gero also pointed out that the global Man Financial (MF Global) filed for bankruptcy on the possible impact of financial market uncertainty on the other hand, to prevent large-scale investors, bargain hunters.

the international spot gold rose

Gold prices rose reasons

Gold prices rose reasons
 1 safe-haven demand
 2 Greece 6 pen assistance loans for the question whether or not there
 European stocks rise 3 bottom, the dollar index finished lower, spot gold end modestly higher.
 3 Federal Reserve (FED) lowered estimates of future economic growth also constitutes a gold guide and support.
 4 The sources said that in Greece to the European Union (EU) rescue plan for the recent referendum,
 European Union and the International Monetary Fund (IMF) will not be released to Greece under the $ 8 billion euros in a rescue loan.
Gold prices rose reasons