Money week reporter Shi Ye/text
Gold’s rapid rise again, breaking the important gateway 920 dollars/ounce.
Last Wednesday (21st), under the influence of Europe and the higher than expected inflation data, the dollar fell wow gold eu and oil prices rising further, leading to international gold prices rise further. On that day, in the wowgold New York market, intraday high gold prices instant gold hit $ 923.4/ounce, slightly down late. Full day buy cheap wow gold$ 15.65 per cent, or 1.73%.
Dollar wouldn’t trouble
Fragile boost gold prices of warcraft us $.
Even Wall Street experts as well as global economist on United States economic trends remain divided but slightly bad news, dollars already under too much pressure will decrease, flowers was Dongfeng Gravis residual.
Dollar fell from a higher than expected inflation data due. Last Tuesday (20th) evening, the United States Department of labor data released showed that United States April core PPI monthly rate increase of 0.4%, 0.2%, expected to rise.
Zhao Wenguan Gao Saier Research Center says, because of weak consumption, manufacturers cannot pass prices will rise in the cost onto consumers,best gold manufacturer profit space narrowing will ultimately inhibit economic growth, investors in the United cheap wow gold States into stagflation fears increased.
Does the ECB continued to maintain a hardline attitude. European Center for economic research, ZEW President Wolfgang Franz said, before the end of the financial market crisis, the European Central cheap gold Bank should interest rates remain unchanged. He also believed that Weber calls for interest rates the ECB’s move is correct, and that the European Central Bank is expected to raised rates in the near future. Surface under the influence of comprehensive data and messages, the euro against the buy gold dollar hit a high of 1.5679 in the near future and boost the euro currency as a whole stronger.
From the side view of the international gold prices, weaker dollar in Europe does not drive the gold price rally is the gateway to boost strong oil prices above wow power$ 130 gold. Zhao Wenguan drew the attention of investors, after a brief impact on oil prices have a fast fall risk.
Domestic spot gold price rose
Last Wednesday (21st), the spot gold price in China to follow international gold prices increased significantly to $ 205.64/g, gold futures on the Shanghai Futures Exchange on the back the $ 200, surging more than 3% main contract, usher in the long absence of soaring prices, but gold futures trading volume remained modest, for $ 70 million.
Meanwhile, the Shanghai gold exchange according to the April gold gold exchange trades 305661.1 kg of total transactions, increase 147.16% per cent; turnover amounted to 62,854,878,000 yuan, increasing by 200.97% over. Which Member of Bank of world of warcraft China to the sale amount 56982.3 kilograms occupies a transaction header in the top spot. Minsheng Bank broken down to three kilograms, ICBC to 17814.8 kg dier、sanming.
Obviously, investors now prefer wow gold the spot trades, current gold market participants is institutions and enterprises, habit over the years in cheapest wow gold the gold exchange traded gold Exchange’s “T+D” business also have “little Bo” function, focused institutional investors participating in transactions.
At present, the wow level Shanghai gold Exchange account is to daily hyper-growth. On June 30, 2007, account for less than 5,000, now has more than wow gold us 130,000 total households.
Beware into profit short-term pressures
The rebound in gold prices will rise all the way, hit $ 1000/oz it again? Market differences.wow game
Zhao Wenguan believes that, for the gold, and now opens the test $ 950 a glimmer of possibility of strong pressure, near the make gold lower support at $ 908, further support in the US $ gold guide 890-intensive transactions. He said Germany IFO business climate index reflects the economic situation and market expectations of economic, and 21st IFO business climate index published fast wow gold by the previous value of 102.4 dropped to 102, is not optimistic, the eurozone and the United States “decoupling” theory is not true, gold’s rally came to an end.
Fuyuan gold filled, said LAU, international gold’s four consecutive trading wow guide days receiving Yang at the moment is rare, callback in the risk of their savings, whether this rally is the basis of the wow account medium-term bullish have yet to be confirmed.
There are analysts, gold rose again in the near future, investment demand will be fired. For the future look more active, outer disc gold again in the period after the consolidation is expected, may attack on middle line still has $ 1000.
Other analysts, the current gold prices continue to rise, overall prices bubble situation, dollar highs callback are bringing a strong support to gold, but nearly two months expect forward in the gold price goes up, also of more fundamental support.
World Gold Council estimated dollar might fall further, data showed the 20th, the first quarter of this year, gold funds (ETF) needs, in dollar terms free gold rose 1 time, but buy wow gold the decline in demand is calculated in tons of 16%, to the lowest level in five years. Jewelry gold demand rate dropped 21% 445.4 tonnes was recorded the lowest level since 1993. But in dollar terms, demand has increased by 12%, reaching US $ 13.2 billion.
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