gold price trend

2012年6月4日 星期一

gold ETF

 gold ETF
Rose adjusted nonfarm payrolls rose by 69,000, far less than the expected increase of 150,000, May payrolls data is extremely poor, QE3 is expected to heat weighed on the dollar, investors bought a buy gold, spot gold Friday (1) New York session, shares rose more than 4% silver, the same dipping sharply upward, or more than 3 percent. Last week, the world's manufacturing purchasing managers index (PMI) data fully fall, including Germany, Britain, Switzerland, China, France and the euro-zone manufacturing are fully into atrophy investors on concerns about the global economic slowdown intensified.
Morgan Stanley is expected in the latest report released last Thursday (31), silver in 2012 the average price will be $ 35 / oz; 2013 average price of $ 42 / oz. The bank said that after the second quarter of last year, a sharp correction, relative to silver to gold, is still hedging commodity price attractive. The bank and said silver still has a strong volatility, weak industrial demand and weak supply and demand fundamentals, silver by the fundamental support for degrees less than the gold. Morgan Stanley said that the silver in 2012 and 2013, the main risk is that the weak economic outlook, which will reduce the processing requirements of the silver, but this is not sufficient to suppress the silver production. 


ETF holdings: As the world's largest gold ETF (June 4): 1273.88 tons of gold ETF holdings of U.S. SPDR Gold Trust fund company. 9643.17 tons of silver positions.
In summary, last Friday, under the influence of policy may be further relaxed mood, the dollar index was down 0.18% to 82.89 points. Dealers said the weaker than expected U.S. payrolls prompted some hedge funds to lift the short euro positions, and trigger the relevant rally in the U.S. questioned the sustainability. If the Fed launched a new round of bond purchase plan, it will lead to an increase in money supply, thus weighing on the dollar. Europe's debt crisis has adverse impacts in the United Kingdom. 



However, last Friday by the U.S. employment data as the expected impact and deepen the market expectations the Federal Reserve (Fed) launched the third round of quantitative easing (QE3) of funds into the gold market.

Bank of Taiwan precious metals, vice manager of Yangtian Li said, June is a very complicated one month, the markets are waiting for a new direction in the proposed investment even in the face of short-term rebound, and do not over-recover.

Yangtian Li pointed out that the crisis of the Bank of Spain and Greece, June 17 election, so that Europe's debt prospects for a high degree of uncertainty, followed by the Fed meeting is necessary, launch QE3 also elusive, the news of yet to be clarify.

Yangtian Li said that recently even though a stronger dollar, oil and other precious metals prices, gold price decline is still relatively limited, mainly to reflect the holding of gold investors, mostly waiting for direction, causing the plate potential languished, formed on the lid , under the situation of the support.

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