Gold price

According to the Securities Times, December 2, the world's central banks join forces to rescue the market, lower interest rates to stimulate the overall rise in the stock market and commodities, gold gains significantly. Analysts expect the euro zone sovereign debt issues and the United States next year will continue to bring commodity prices and stock market risk, and gold should be the sovereign debt risk from the benefit, a risk hedging tool, the performance will be better than other assets.
 Overnight international gold standard by the Chinese central bank reduced the Fed and other central banks join forces to rescue the market six and many other unexpected sharp rise in positive stimulation, the highest intraday rose to $ 1,750, up $ 31.7. To continue yesterday's Asian session, higher volatility, intraday $ 1,758.
 Affected by this Thursday, the Shanghai gold futures gapped, the major 1206 contract rose 4.51 yuan, transactions and positions were reduced. Early yesterday morning, gold futures positions have declined sharply, turnover increased dramatically, indicating funds have short stop at the beginning of the opening as well, but still no large-scale admission of new evidence of long funds.
 Galaxy futures analyst Zhang Yingying that the global central bank's move should be a dialectical perspective, on the one hand, the global central banks join forces to rescue the market to ease the market sentiment on the other hand, the central bank rescue group shows there are serious downside risks to the economy. Moreover, the current global financial system, the biggest risk is the European sovereign bond markets, central banks inject liquidity group, is still not fundamentally solve the problem of the euro zone sovereign debt, medium and long term, the rescue effect is doubtful.