gold price trend

2011年7月14日 星期四

COMEX gold future closed at $ 1,585.50 an ounce, or 1.5%

July 13, the New York Mercantile Exchange (COMEX) gold futures hit a record high closing price. Day, COMEX gold future contract closed at $ 1,585.50 an ounce, or 1.5%

Market participants pointed out that this year, gold futures have been hovering at a high. By the United States may launch a new round of economic stimulus measures and the debt crisis continues to worsen, gold hit a record high. Analysts expect gold futures will continue strong


Hedging highlights

Everbright Futures analyst Sun Yonggang yesterday, "International Finance News" reporter, said: "The recent gold rally against inflation by hedging demand and push factors."

Beijing mid-term futures analyst Wuzheng Zheng also said: "First of gold investment demand money from the credit crisis, debt crisis expanding market investors in the euro, the dollar lost confidence in the core currencies, gold investment products to switch to hedge."

Fitch Ratings on July 13 will be Greece long-term foreign and local currency issuer default rating lowered from B + to CCC, only one level higher than the default rating. Euro zone finance ministers had publicly acknowledged that Greece will experience some form of debt or breach of contract, to help the country reduce debt. However, there is concern that the debt crisis has spread to a small country from the euro area core countries such as Italy.

Wuzheng Zheng said: "by the European debt crisis, gold futures from the beginning has been at a high level, even if other commodity futures experienced a collective correction, gold futures did not follow the crowd, showing that hedging demand has been supporting gold."

Technically, the daily chart, the gold continues to rally, Yang received the Eighth and refresh the record high, gold is currently in long speed up state, meaningful technical analysis, focusing on fundamental aspects of the message changes, careful to do a single strict stop loss.

Operation, it is recommended to continue to do more dips mainly refer to do more around the $ 1580, healthy person can do to wait around in $ 1,573 more than an empty one may meet resistance around $ 1590 short, robust suggested waiting to see. Control positions, with a good stop. Chase a single operation to be careful.

spot gold prices rose, yesterday hit a record $ 1,588.90 an ounce

U.S. Federal Reserve (Fed) may take the third round of the quantitative easing policy (QE3), plus the euro area credit crisis worsened, fear spread to Italy and Spain. U.S. and European economic and political issues of assets to strengthen the attractiveness of gold as a hedge, spot gold prices rose for seven consecutive days, yesterday hit a record $ 1,588.90 an ounce. HSBC Gold and Mining fund manager Xiaoruo Mei said that as the heart of the market maintain avoiding fear, investors' distrust of mature countries jumped rapidly, hedge funds have already actively seeking another channel, the gold in this environment to become biggest beneficiaries.


Xiao Ruomei that functions to diversify in recent years gold, foreign exchange reserves by central banks has not only become an important asset, is also satisfied that the core legal body subject, when the market risk awareness, although short-term dollar strength due to a temporary safe-haven demand, but gold has strong demand side, and the dollar weaken the long-term trend has not changed, will support the gold price to stay high.

Also, according to UBS estimates, the spot price of gold this year space of 6%, but under the same expectations, corporate earnings growth will be up to 56% in gold as the weighted average market capitalization is estimated up space about 33%.

gold price- The shadow of a large gold and European bonds hit an unprecedented high

The debt crisis intensified, investors have turned into gold as a hedge, to stimulate the international price of gold this morning about 10 o'clock, break of $ 1,580 per ounce mark, came to $ 1,589, the highest ever record high.

By the European debt crisis, the Fed and the U.S. market launch of the third wave of quantitative easing measures may QE3, investors have turned into gold as a hedge, to stimulate the international price of gold rising, about 10 o'clock this morning, first big break of $ 1,589 per ounce off, setting an unprecedented new high record.

According to Bank of Taiwan's information, the price of gold has been rising this year, January to April 25 period, the price of gold per ounce of $ 1,500 round-trip shock, to May 2, gold broke to $ 1,575, as of today July 14 around 10 am breaking up $ 1,580 breath, came to $ 1,589, a record high, and the recent challenge of $ 1,600 may also be

Gold Price-Asian Gold market just around the corner and then refresh the 1,600 high

Following overnight constantly refreshed after a record high on Thursday (July 14) Asian city in early trading, spot gold continues to airs to forward the current record has been pushed up to 1,589.89 dollars / ounce, just around the corner pass 1,600 .

Wednesday New York time, Fitch Ratings cut Greece continue to cause investor concerns about debt problems in Europe, coupled with the possibility of Bernanke's testimony will QE3 "carried forward", in the weak U.S. dollar and hedging double boost, spot gold sharply Brush up and repeated a new record high, once to 1,587.95 dollars / ounce. New York Mercantile Exchange (COMEX) 8-month gold rose to U.S. $ 1,588.00 / oz high.



Federal Reserve (FED) Chairman Ben Bernanke (Ben Bernanke) Wednesday in the U.S. House of Representatives Financial Services Committee (House of Representatives Financial Services Committee) published on economic and semi-annual monetary policy testimony. Bernanke made it clear that further relaxation of the Fed policy must keep all options, and the third round of the quantitative easing policy (QE3) the Fed must keep one of the options.

Analysts pointed out that the Federal Reserve announced Tuesday June meeting to further the Fed is already paved the way to ease monetary policy, Bernanke's testimony this day sucked QE3 ideas further "carried forward", affected, no blessing of dollars at stake endure support hedge, gold will ultimately benefit.

Merrill Lynch (Bank of America-Merrill Lynch) analyst Michael Widmer said, "Gold continued to rise in the next five years, investors have been buying gold should be tightly covered tightly, and spectator admission should be hastened.

Ireland was downgraded to make the gold price remain high

Irish banks were downgraded by the debt crisis continues to cause concern and the Fed to stimulate the expression of support, spot gold prices to remain at historical highs.

Domestic AU (T + D) Thursday (July 14) opened at 327.99 yuan / gram, up to 330.1 yuan / gram, a minimum of 327.1 yuan / gram, to close at 329 yuan / gram, up 3.42 yuan from Wednesday City / grams, or 1.05%; its time of AG (T + D) opened at $ 8,000 / kg, up to 8,363 yuan / kg, a minimum of 7,970 yuan / kg, to close at 8,304 yuan / kg, up 534 yuan from Wednesday City / kg, or 6.87%.


International Association of Silver (Silver Institute) said that silver in the application of health products is growing rapidly. In the field of medicine, silver has been used in wound care products, to prevent injury to the skin surface of the infected. In the health sector, silver used in air fresheners, hair dryer, sportswear, pajamas, doorknobs and many other products to control bacteria growth. International Association of silver is expected to 2015, silver in health and medicine, the application will reach 600 million ounces in 2010 to 100 million ounces.

Wednesday Moody's cut Bank of Ireland's five government-guaranteed bond rating.

One from Singapore, traders said, the lack of reliable destination, a large number of bond funds withdrawal, enter the precious metals market. Because the fund managers believe that policy makers will be forced to take measures to avoid the debt crisis worsened.

In addition, the U.S. debt ceiling around the uncertainty of the negotiations, and suggests the Fed chairman's remarks to introduce more stimulating measures weighed on the dollar, a significant support to the commodity markets.

Royal Bank of Canada Capital Markets Global Futures Department (RBC Capital Markets Global Futures) analyst said George Gero, Bernanke's remarks to stimulate action based on fundamental and technical traders both buy gold. The technical buying gold price gains accelerated. Due to weak economic recovery if the Fed launched QE3, then the material will push down the dollar and push up inflation, which is undoubtedly beneficial for gold. In addition, the deterioration of European sovereign debt crisis is also likely to drive policy makers to consider further stimulation may increase gold's safe-haven appeal.

the gold price to new high

From the gold price to new high! COMEX 8 New York yesterday, gold futures closed at $ 1,585.5 an ounce to close at settlement, rose 1.48%, and has touched intraday high of around $ 1,590. The continuous rise for the eighth day of October 2006, the longest continuous rise in the future period, recorded yesterday and is expected to more than two months, the biggest one-day gain in the future. This analysis, gold's rise was mainly attributable to the U.S. Federal Reserve Chairman Ben Bernanke's remarks and the European debt worries.

Like yesterday, the U.S. Federal Reserve minutes of the June meeting of the observation, QE3 do have the possibility of the introduction. Bernanke to Congress, said the nearly future economic recovery pace is still weak, and the unemployment rate continuously for three months rose, the event that continued economic deterioration and inflation moderated further, the U.S. Federal Reserve will be "ready to respond," for re-loose monetary policy to stimulate economic development , This time of speech to go to boost commodities and strong ability to support Young gold price. In retrospect, last year in Jackson Hole August Bernanke's speech is seen as the second round of quantitative easing starting point, since then, gold rose nearly 30% In order, it can be speculated that the weak economy and the spread of European debt is not determine the context, gold prices will further go Young. Technical analysis, conducted on the daily chart trend intact, but the more deviation from the 5 day moving average of the position, and a random index into overbought territory, does not rule out short-term correction will continue for the entire treatment may be upside

Can. From the options market future observations gold long-term trend, the Chicago Board Options Exchange (CBOE) gold volatility rate index on Wednesday rose 11% came to 19, continuous on the third day of the rally suggests the market long-term bullish on gold price's stance, suggested investors still last more than cloth bargain today and will focus on U.S. producer price index, the number of jobless people and the retail fund sales and other economic data

2011年7月13日 星期三

gold exceeded $ 1587 The history high price

gold exceeded $ 1587 The history high price European debt crisis continues to climb, risk aversion, the influx of capital caused the gold market, gold prices rising for eight days, two weeks since the rose one hundred U.S. dollars per ounce, gold price per ounce up to last night exceeded 五八 ○ U.S. dollars, surged to one thousand five hundred eighty-seven. Forty-six U.S. dollars, the highest in the history of a new high.

Meanwhile, the NT dollar exchange rate by the impact of NT-denominated gold up more goods, the Bank of Taiwan after-hours book value per gram yesterday, one thousand four hundred sixty-eight yuan soared to a new high of NT, each floor silver money today Gold ornaments broken 五七 ○ ○ fear of NT $.

Gold traders believe Bank of Taiwan, from the technical indicators, gold has shown signs of "overbought" situation, but gold does not seem to come back. Record in the gold price, we may continue upward climb, investors have been holding gold, may be adjourned to hold for a while, waiting for a better selling point.

Gold dealers said the Bank of Taiwan, in the second quarter, third quarter is the traditional season of gold, gold climbed the top in early May, after a reasonable period of entering correct, did not expect the debt crisis in Europe concerns the expansion, gold season ended early yesterday, a new high. In addition to Europe, Italy, Ireland sovereign debt problem is serious, but on Friday the European banks to conduct stress tests, learned that some banks may not pass the Spanish, so that investment funds were "panic", and the funds to gold parking.

Gold dealers said the Bank of Taiwan, in addition to Europe, the U.S. economic situation is also shaking his head. U.S. Department of Labor weak jobs data last week, the market worried about the beginning of August the United States will relax the borrowing limit of the proposal by the U.S. government will shut down into a stalemate.

Coupled with the U.S. Federal Reserve (FED), under the weak economy and weak, has hinted to introduce more liberal monetary policy, let the market expected the U.S. government may introduce QE3 (third round of the quantitative easing policy) or disguised QE3, stimulate international gold Price Fed Chairman Ben Bernanke in a speech last night, after every ounce of gold soared to a one thousand five hundred eighty-seven. Forty-six U.S. dollars, breaking the previous record on May 1, every ounce of one thousand five hundred seventy-seven. Fifty-seven U.S. dollars price, a new record high.

"The recent influx of customers to emerge back on sale!" Bank of Taiwan, said the recent devaluation of the euro, the dollar rose, causing the exchange rate of NT demoted back to the Bank of Taiwan of NT-denominated gold price book soared yesterday after-hours per gram to one thousand four hundred sixty-eight million new high, many customers have to take advantage of high profits.