The U.S. debt crisis is the biggest supporting force for this gold rise. On the Houston precious metalsevening of July 22, local time in the United States, as Speaker of the House of Representatives, Boehner, decided not to seek a major agreement to reduce the deficit with the White House, negotiations on raising the US debt ceiling broke again. For the first time, Obama admitted the possibility of default. At this time, there is only about a week left before the August 2 deadline for raising the US debt ceiling by 14.3 trillion US dollars. The probability of US debt default has increased sharply, and the US rating is also at risk. The deadlock in US debt negotiations has caused investors' concerns. mood.
According to Liu Mingliang, an analyst at Better Futures, because the international spot price of gold is priced in London and the futures is priced in New York, the domestic gold market is completely a shadow market. At present, gold futures prices are mostly affected by the trend of overnight foreign exchanges and open for gaps. It is more difficult for investors to operate overnight. Big. The introduction of the gold night market can integrate with the foreign market, eliminate the embarrassing situation of the domestic gold futures gap trend, and help improve the operability of investors.
Barclays Capital (BarclaysCapital) expects the average price of gold in 2013 to be US$1,815 per ounce, and maintains an optimistic view on the trend of gold, although the bank lowered the average price of gold in 2013 from US$1,860 per ounce in mid-December.
Since the beginning of this century, Russia’s gold and foreign exchange reserves have increased substantially. In 2004, Russia’s gold and foreign exchange reserves were only 76.9 billion U.S. dollars, and exceeded 100 billion U.S. dollars at the end of the year; it soared to 300 billion U.S. dollars at the end of 2006 and reached 6000 in August 2008. One hundred million U.S. dollars. Under the influence of the international financial crisis, Russia's gold and foreign exchange reserves have been declining since the second half of last year. By July this year, they had fallen below 400 billion U.S. dollars.
Commerzbank (Commerzbank) said on Thursday (June 13): Although the US dollar is currently weak and the stock market is falling, the price of gold will not rise because of this. The main factor affecting the trend of gold prices is still due to when the Fed will withdraw from the quantitative easing policy. However, we don't think the Fed will do this in the short term.
From a technical perspective, yesterday, gold closed with a doji, the top touched near 1,249 US dollars, and the bottom was as low as 1,240 line. Houston precious metalsFrom technical analysis alone, the market has given a reversal signal. However, due to the recent involvement of more buying orders in the market, this reversal signal is not obvious. The author predicts that there is a greater chance of a false outburst at the 1,250 line, and the highest point is at the 1,255 line. Therefore, if you can see the $1,255 line in the day, you can enter the market appropriately, but the target should not be too low. Yesterday's low point is given to the line of $1240. Then today's low point can be seen near 1243. There is a demand for consolidation in the price of gold in the near future, with an intraday operating range of US$1255-1243.
The increase in the number of victims in the earthquake disaster in Japan and the occurrence of nuclear explosions, coupled with the deteriorating turmoil in the Middle East, the involvement of the major crude oil producer Saudi Arabia has made safe-haven buying prevail. On Monday (14th), the spot gold has been maintained after the gap was opened. Consolidation at a high level, and finally closed slightly higher.
In 2006, to commemorate the 25th anniversary of the issuance of panda gold and silver coins, Guangdong Yuebao Gold (blog, Weibo) company held a prize solicitation event, saying that if someone can gather and show the panda gold and silver coins that have been issued for 25 years, they can win one. BMW cars. However, in the early years, panda gold and silver coins were issued overseas. In recent years, although they have continued to return, the number is still extremely scarce. In the end, no one can drive this BMW. Zhen Weigang said that with the rapid growth of the gold and silver coin market in the past two years, there have been more and more coin collectors, and the influx of funds has become more and more fierce. It is estimated that some people can collect the panda gold and silver coins issued over the years.