Financial crisis is still worried about pushing up the price to 900 U.S. dollars

Benefited from the stock market fell and the dollar triggered by hedge buying, the dollar Tuesday of the international gold rose more than 3%. Three weeks after the index hit a 1987 stock market crash since the biggest one-day decline, it lost before the U.S. stock market and stronger yen also suppress the export stocks. Routed by the global stock markets and the world's largest gold exchange-traded fund holdings of the impact of the dollar gold price continued to rise Wednesday, rose to near 900 U.S. dollars. Dollar fell Tuesday, the U.S. Federal Reserve calm turbulent financial markets, as well as initiatives to prepare the U.S. Federal Reserve Chairman Ben Bernanke hinted that the rate cut has given rise against the U.S. dollar weakened hedge buying. U.S. Federal Reserve to buy commercial paper to create a tool for investors to make out the Japanese yen, buying some European currencies, as a result of the recent concerns about the global economic system and Europe to deal with the lack of co-operation of the financial crisis, dragging down European currencies dropped. Bernanke at the National Association for Business Economics for his speech, paving the way for further rate cuts were made, clearly pointed out by recent economic data and financial market development shows that the deterioration of the prospects for economic growth; in the last week, the European Central Bank president Jean-Claude Trichet has hinted that will be Started to cut interest rates in the near future. Australian dollar rebounded Tuesday from a four-year low, before the Australian central bank unexpectedly cut interest rates sharply, triggered a global market, hot-join the central bank will cut interest rates. Tuesday the Australian dollar against the U.S. dollar in overseas markets had dropped to a four-year low of 0.6970 U.S. dollars, as a result of the market into panic selling. In recent weeks, as the global slump and credit market freeze, have aggravated the crisis, governments and the central bank to avoid busy with the global economy slowed down significantly. Investors expected the Bank of England will cut interest rates this week, and to digest the Federal Reserve and European Central Bank to cut interest rates in the near future. For the time being, oil prices have entered a downward spiral as a result of the development of the global economy continued pessimism, oil prices rebounded sharply in the near future is unlikely. Despite the oil supply and demand fundamentals are not as bad as the market sentiment, but global oil demand growth in the number of on-going concern, and take into account the current credit crunch on the global economy caused by the negative impact of short-term oil prices will continue to decline. But in the long term, the U.S. financial rescue plan with the effects of inflation, along with the governments policy to rescue the market introduction, I believe oil prices will rise again, I believe that by the end of this year, oil prices will rebound to near 100 U.S. dollars a barrel. From graphics, the gold back to the early 870-910 U.S. dollars of regional turmoil, gold is expected in the near future will continue to fluctuate within this range, and continue to test resistance of 900 U.S. dollars. Investors should pay close attention to the governments and the central bank's rescue package in order to determine whether the gold stand fully 900 U.S. dollars, such as closing today at the top of the 900 U.S. dollars, will venture to buy.