Strong hedge funds push up gold fund holdings to see more in a row

Panorama network on October 10 hearing in the financial market turmoil all the more severe cases, the stock markets started the catch up "diving" competition, a large number of hedge funds into gold futures market, gold futures this week made the trend in the number of Commodity futures varieties fall in a row in the trend can be described as a crane standing among chickens. U.S. COMEX gold futures rose this week showed the trend of unilateralism, with the exception of a slight back yesterday, the day before the deal closed three red. Today, electronic contracts set in December in U.S. and global stock markets fell sharply, another strong rise above 930 U.S. dollars. Gold in the domestic long after the performance is Xianyihouyang, during the long holiday Monday by the commodity futures market plummeted in a row, appear Budie, sealed daily limit. But the next day in hedge funds will be driven by the influx of almost daily limit. U.S. stocks fell Wednesday as a result of which up to 3% of the countries due to join Thursday to cut interest rates affect investor psychology, resulting in profit pouring selling, gold prices fell. Today, investors see interest rates for countries to boost the stock market did not play a role, but to accelerate the decline, but also stimulate the capital market of gold (203,5.85,2.97%, it) the urge to make today's trading volume for the first time To zoom into the hands of 170,000 square. Gold opened in 0812 week week low 184.35 yuan and 204.50 yuan see high, closed at 202.72 yuan, up 9.02 yuan or 4.66 percent. 347,904 traded hands, more than double the sudden jump in the last week. Position quickly rose to 36,148 in hand, the last three grow 60 percent, since April 25 to its lowest level since. The world's largest gold ETF SPDR Gold Shares in the last week to cut positions after overweight in four consecutive days this week, Monday holdings of 4.59 tons, 0.68 tons holdings slightly Tuesday, Wednesday to increase holdings, and positions up to 18.68 tons An all-time high of 763.90 tons, the fund Thursday not to cut interest rates by central banks, continue to overweight from 1.84 to 765.74 tons, once again set an all-time high. His four-day cumulative holdings amounted to 25.79 tons. The gold sector optimism to judge, greatly strengthened investor confidence in the stock market in the city of gold. Fundamentals, the German central bank said that in the next 12 months, did not plan to sell gold, Germany for the world's second-largest reserves of gold country. Analysts domestic gold market outlook for large differences to see more people believe that the financial situation of instability, the Dow Jones Crack Die Die crude oil and 9,000 points over the environment, the surge in demand for gold hedging, the United States and gold may break 1000 Dollar mark. The majority of analysts are more cautious attitude, fear that if the market can not be eased, gold is likely to continue upward, but the implication for the gold market risk, investors in gold futures should remain cautious. (View / Lei Chen)