The gold price breaks 800 US dollars to take refuge from danger the demand to be weaken gradually

In the near future, the American Ministry of Finance said that will purchase 250,000,000,000 US dollar high-level prefered stock to the financial organ with the non-voting stockholder's rights, simultaneously in global new round union reducing the interest rate anticipated, New York gold in December the stock contract on Thursday in the plate breaks 800 US dollars/ounces, on this Friday's electronic transaction time interval, in the plate falls once again to 790.7 US dollars/ounces. The domestic Shanghai gold 0812 contracts Friday receive fall 3.33% to 176.64 Yuan, this week decline range over 7%. the analyst believed that in the near future will rescue the city in the global union under the background, capital market's panic mood will have the change for the better, like this will cause one part of funds to flow out from the gold market, shifts to other investment channel. Moreover, how does the whole world rescue the city final effect or how implements specifically, is filling the very big uncertainty, under such background, will take refuge from danger the fund possibly gradually to weaken to the gold demand. crude oil broken 70 US dollars pulled down gold price the US's financial crisis still to spread to the whole world, and had the possibility to initiate the world economics the decline, on 16th is suffered the sharp drop again this influence international oil price, New York, the London two place oil prices breaks 70 US dollars/barrels in pairs. OPEC took turns on duty president, Algeria Energy Minister ChakibKhelil indicated the other day, the ideal crude price should between each barrels 70 US dollar ~90 US dollars.

The gold took refuge from danger the demand already to attenuate, US dollar index will continue to rise as well as the crude oil falls will pull the low gold rate, later period the gold price will maintain about 800 US dollars/ounces shakes, but the overall was as before spatial.

Japan economy (stock) flows swiftly 11% collars to fall in crazily the global oil price plate to fall into enemy hands 70 US dollars

The global stock market to the global economic situation worried that yesterday achieves near future peak, Japan the collar falls the Asian stock market at the same day Japan economy (stock) 225 indices, closing falls suddenly 11.41%. The Japanese Osaka Stock exchange is compelled to suspend Japan economy (stock) the index prompt sale.when to deadline for acceptance of drafts, when British national wealth 100 indices fall 4.89%, the French CAC40 index fall 5.72%, German DAX the index fall 4.18%, Dow Jones index fall 3.22%. the shipping sector collar falls a Japanese Yen revaluation to initiate the investor worry about Japan Export enterprise prospective profit, causes the automobile, mechanical and electrical, export class stocks and so on steel and iron on 16th to encounter undersells crazily. the South Korea Stock market on 16th closes drops sharply over 9%, since has created in 2001 " 9 · 11 " the terror attack the greatest decline range, is also in the history the third great decline range. a won exchange rate also considers at the same day falls suddenly, the won receives to US dollar frustrates nearly 10%, creates for 11 year greatest odd-numbered days decline range record. Standard & Poor includes 7 South Korean Bank's rating the negative observation name list, causes the South Korean Bank sector to drop sharply. has the news saying that South Korea Financial service Committee in Friday morning will announce most quickly the new stable stock market's action, the new action will include to the long-line stock fund implementation tax preference. Asia other market decline range also generally above 3%.last Friday in the Hong Kong stock market plate drops sharply 8.0%, HSI approaches new low which for the past three years set the record, in the state-owned enterprise index plate the decline range surpasses 10%. the shipping sector declines in abundance, the cause will be global bulk cargo marine transportation tariff major targets or quotas Baltic Sea does the bulk cargo shipping index to fall 10.7% on Wednesday, derivation brokerage firm FIS describing is " unbelievable one day ". This index already compared the crest which in May sets the record to slide to above at present 86%.

The investor leverages the COMEX time gold to lower 4.1% largely eagerly

Reuter New York, October 16 ----New York commodity future exchange (COMEX) time gold once dropped 800 US dollars on Thursday, rises again finally to 800 US dollars above. The trading day trend is turbulent, the time gold and other precious metals fall, and the investor in the global market increasingly not bright situation, they sells the current assets, fall the bag peacefully. COMEX- in December the time gold GCZ8 settlement price receives low 34.50 US dollars or 4.1%, to each ounce 804.50 US dollars, the sector delivers about 70 US dollars, lies between 786.70-852.10 US dollars, the former for this contract one month low position. the commodity fund appeared settled account the spot comprehensively, and the risk wish reduced, makes the gold market business volume to be this week low, in the COMEX field gold option trader Jonathan Jossen said.

A precious metal brokerage firm said that the gold falls rapidly, because after dropping main support position 820 US dollars, stops damages the selling price aggravating. the gold walked wearily in the relatively light deal, because was had not levelled the contract to fall largely recently, and Thursday fell the major part to receive other markets the trend to affect by no means that a brokerage firm said. up to October 15, the time gold has not levelled the contract to reduce 2,085 to 321,411. US dollar exchanges a euro rise, initiates presents the sales price by US dollar valuation commodity, for example gold. the 1700GMT, COMEX time gold estimate turnover is 138,174. 1800GMT, on-hand merchandise gold falls 5.6%, reports 801.10/804.10 US dollars, on Wednesday reports 848.00 US dollars. The London gold afternoon the agreed price price is 802.50 US dollars. the silver drops 10 US dollar standard .12 month silver stock SIZ8 to fall 54.50 cents, or 5.4%, to each ounce 9.635 US dollars, close contract low position. On-hand merchandise silver reports 9.62/9.72 US dollars, falls 6%, Wednesday is 10.23 US dollars. COMEX- in January the platinum gold (platinum) stock PLF9 receives low 83.90 US dollars, or 8.6%, to each ounce 891.30 US dollars. On-hand merchandise platinum gold (platinum) the closing reports 872.00/892.00 US dollars. in December porpezite stock PAZ8 receives low 22.50 US dollar or 11.5%, newspaper each ounce 173.10 US dollars, before touch 165.05 US dollar contract low points. On-hand merchandise porpezite reports 168.50/176.50 US dollars.

Life insurance group baton pass Ministry of Finance Cheng Zhong honest trust biggest shareholder

This Tuesday, the Chinese life insurance group obtains from the Insurance Regulatory Commission confirms it for the honest trust first major stockholder. This indicated that the honest trust integrates the Chinese life insurance group state-owned safe financial group officially. , the honest trust Limited liability company also has received at the same time the related Supervisory department's related notice. The notice indicated that authorizes by the State Council, Ministry of Finance honest trust 32.35% state-owned stockholder's rights which has it, increases the national investment the form to transfer for China the life insurance. Next step, the Chinese life insurance and the honest trust will defer to the related laws and regulations request fulfillment related legal proceedings.

It is known that in view of the fact that the present trust already becomes the full competition profession, the country not to need to the sole Trust company direct investment holding actual situation, Ministry of Finance to propose that has the honest trust stockholder's rights it to transfer for China the life insurance. Thus, on the one hand is advantageous to the optimization state-owned financial capital disposition, increases to the state-owned key financial enterprise's capital support, implements the power-and-power union, forms the survival of the fittest; On the other hand is also advantageous in the promotion state-owned finance enterprise perfect company governs, raises the managerial and administrative expertise, realizes the state-owned financial capital inflation-proofing and appreciation. the professional believed that Ministry of Finance this action may realize “Shi Duoniao” goal. At the same time, this is also to improves the state-owned financial capital layout the beneficial exploration, to the present for the adaptation situation develop, will implement the essential state-owned finance business combination reorganization to have instructs certainly and profits from the significance.Manager Dongxing negotiable securities research institute the silver country great told the reporters, this indicated that although the life insurance group serves under somebody's banner does not have the Commercial bank organization, but the financial holding construction has established basically. This Ministry of Finance the honest trust state-owned stockholder's rights will transfer the Chinese life insurance, is helpful in the Chinese life insurance construction state-owned safe financial group, causes its comprehensive management to make the substantive breakthrough. present, the Chinese life insurance is being in increases the reform reorganization, conformity innovation dynamics, the whole reorganization remanufacture critical moment. The concerned expert analyzes, not only after the stockholder's rights transfer can enhance the Chinese life insurance the enterprise value and the reorganization remanufacture, state-owned stockholder's rights scale, moreover may foresee this part of stockholder's rights to will certainly to obtain the large increment in the future, this meets the state-owned capital inflation-proofing and appreciation requirement completely.

The international oil price breaks each barrel 70 US dollars

Receives the investor to worry that the world economics decline the serious influence crude oil expend, as well as the American crude oil stock increased range surpasses anticipated and so on factor influences, the international oil price on 16th suffers the sharp drop again, New York, the London two place oil prices receives under each barrel 70 US dollars. 　New York commodity exchange in November delivers the light crude forward price falls 4.69 US dollars, receives in each barrel 69.85 US dollars. London international petroleum exchange in November delivers the North Sea Brunt crude oil forward price falls 4.48 US dollars, receives in each barrel 66.32 US dollars. American Energy Material Association (EIA) announces, American one week crude oil stock increases 5,600,000 barrels to 308,200,000 barrels, the gasoline stock increases 7,000,000 barrels to 193,800,000 barrels, both are higher than the estimate. The American petroleum demand's drop had already continued for several months, but the past three week jiao shangnian tongqi decline rate obviously expanded. Slides to the scope the aggravating to make the people even more to worry that the credit becomes serious is limiting a more widespread economic domain the activity, then possible to initiate the global decline. the OPEC is which holds the emergency meeting timing advance one month to October 24, hoped that suppresses the oil price sudden sliding. The analyst indicated that this organization at most will possibly reduce the crude oil daily output 1,000,000 barrels, will deal with the petroleum demand possibly the question which will slide in the economical murky time. Niu business in November delivers gasoline forward price each gallon falls 16.02 cents, receives in 1.622 US dollars. Warms up oil forward price each gallon to fall 10.62 cents, receives in 2.1108 US dollars. Natural gas forward price every thousand cubic feet fall 7.9 cents, receives in 7.215 US dollars.

Gold, oil Bijiaxiaoying

Pan Sheng in a row in commodity prices, commodity-related boost the ratio of funds into or suppress prices. By analyzing the gold, silver and oil price changes in the relationship, we can see that gold and commodities related to the ratio of funds into changing the way the root causes. The relationship between prices pushed up the price of gold In the international market, gold and oil have similar strategic significance between the two prices is an important indicator of investment decision-making. At the same time, oil and gold as a hedge to inflation-related products and the existence of gold as a currency at one time the only form of oil in the 1970s for its strategic value is no alternative to winning the "black gold" reputation. In addition, fluctuations in oil and gold with the political, economic and financial interaction with clear: the international political, geopolitical, strategic country, the country's security and economic interests will affect the oil and gold price volatility; gold and oil and international economic trends The situation closely related to the recent oil price increases has States on the formation of the impact of economic growth can be reflected; investors expected flows of capital and gold and oil also have an impact on the trend. Please refer to reflect the gold since 1970 with the oil price relationship map is a horizontal line in the past 35 years, the average gold price of oil. From the past 35 years, gold and oil to maintain the general level of the ratio of relative stability in the 1 ounce of gold in exchange for the ratio of 15.7 barrels of oil. Since 1999, as oil prices continue to rise in a row and set the historical record, gold appears to be outshone by the increase. According to the rate of comparable basis, from early 1999 to mid-2005, crude oil reached 358 percent increase over the same period of gold rose only 52%, indicating that gold and oil prices have been seriously distorted, but also for the Fund for the purchase of crude oil to sell gold to provide A good opportunity. In fact, this hedge fund arbitrage trading model is the main way. 2005 mid-term, arbitrage funds begin to sell oil to buy gold operation, during which gold and oil below the 8:1 ratio for the fund positions to create a good opportunity. To enter in August 2005, the Fund's net gold in the multi-warehouse has been reaching record highs, while the fund's position in oil also turned into net short position. August 29, "Katrina" hurricane has become a turning point in gold and oil prices. Since then, increasing funds to buy gold and sell oil, and oil is made from 70.80 U.S. dollars / barrel fell to 55.40 U.S. dollars a minimum / barrel, while gold prices broke through the 510 U.S. dollars / ounce of 25-year high. At present, to April 24, 2006 NYMEX crude oil 73.33 U.S. dollars / barrel and gold spot 619.3 U.S. dollars / ounce basis, gold and oil prices at the 8.45 level, this ratio remains well below the 35-year average of 15.7. If the current oil price multiplied by the 35-year average, the price of gold for 1151 U.S. dollars / oz. It can be said that even in the next few months, oil prices must come down, gold still has considerable room for prices. Dollar investment to suppress the warm relations With gold and precious metals for the silver, gold and the trend has more similarity, the price of gold and silver are often the relationship between investors as a reference to the decision-making. Fund in the near future is the use of gold and silver prices caused by the difference in a suppress the completion of the gold investor enthusiasm for the final blow. February 2, 2006, the price of gold peaked 575 U.S. dollars / ounce after adjustment of prices. Gold adjustment not only with the purpose of the new Federal Reserve Chairman Ben Bernanke came to power by forming a policy vacuum, the most important is the opportunity to fund cleansing to follow the trend of rise in the firm not long in order to reduce the resistance to try for gold again. However, due to lower gold prices relatively limited space, which resulted in the Fund Xipan difficult. March 10, with capital funds to double the false impression of a breakthrough top-down, completed a three-wave adjustment. Then, turn to good fundamentals in the circumstances, the Fund began to re-boost the gold price. March 22, about to Baiyin ETFs have been approved to stimulate the news of silver hit a new high of 22 years and started a fast rising market. At this point, not only failed to follow gold and silver prices, the opposite trend appears down. At the same time, the market also use words "gold standard" during the formation of 1 ounce of gold exchange ratio of 16 ounces of silver to promote relations between the silver easier to invest in the fund out in a timely manner and to "throw gold to buy silver". This has shaken the confidence of some of the gold bull. Two days after a shock decline in the market before the completion of a try for the last cleaning, the Fund launched a rapid attack at this time market, gold in a short span of five on the Japan-China trade hit a new high.

Shanghai, the main force in December gold futures contract on October 15 slightly lower

Shanghai, the main force in December gold futures contract price on October 15 a small weakness, closing down 0.41 yuan and 186.62 yuan newspaper / g, or 0.22 percent. Volume 52,806 hand in hand in the previous session to 49,180, the 3626 increase in the trading day hand; 9,844,000,000 yuan turnover, as in the previous session 9,198,000,000 yuan, an increase of the trading day 646,000,000 yuan; As of the close to 29,084 positions in hand And 27,754 for the previous hand, the increase in the 1330 deal in hand.

Gold usher in a "golden age" test?

Crisis comes, there will be something sparkling. Against the risk of medicine known as the gold, in the Wall Street crisis, more and more investors to enter the field of vision. This month, the international gold exploration to a minimum 830 U.S. dollars / ounce below the maximum more than 910 U.S. dollars / oz. But contrast this, "Nan Yu century," the financial crisis, a wide range of contrast on the "golden highlights the value of the hedge," comments, the actual performance of gold can only "low profile" to describe. Gold is light enough to attract the capital to find safe haven? Or other factors, some of the stall in the footsteps of gold? "Low profile" why not? Financial crisis, gold watch When the Dow Jones index fell below 10,000 for the first time in four years, the global stock market; when the market as Washington 900,000,000,000 U.S. dollars capital injection to save the city's news release had never been the same; the world when the central bank to cut interest rates in order to jointly confront the financial crisis ... ... This , Appears on the currency are bad, good news for gold. Bank of China senior trader Xu said that as global stock markets fell last week, first of all a large number of capital flows to the United States government bonds, but the beginning of this week, the bond market has not expanded to meet the demand for hedge funds, combined with pressure to cut interest rates make bond , The gold market into a new flow of funds. September 29 700,000,000,000 U.S. dollars rescue package blocked, the same day the international gold break 900 U.S. dollars / oz. Oct. 2 new rescue package passed, the price was dropped to 830 U.S. dollars / oz at the bottom. However, as the crisis continues to worsen after, even if the total capital injection to save the market size increased to 900,000,000,000 U.S. dollars, gold prices still climbed to 900 U.S. dollars / ounce mark. Xu believes that if the rescue package is indeed living in a stable economy, gold will be suppressed, but the status quo, 900,000,000,000 U.S. dollars of the plan have yet to have any substantial effect. In the long run, 900,000,000,000 U.S. dollars in most of the bonds will be issued in the form of, the market will increase demand for dollar-denominated assets; but the high deficit will continue to promote the depreciation of the dollar, the dollar loss in the value of precious metals such as gold will be in the market To make up for. Together the world's central banks to cut interest rates to ensure that such action against an economic downturn, perhaps gold is a bad. But in the short term, make money from the bank to cut interest rates, bond market withdrawal, given the current strong sentiment hedge funds even more biased in favor of the safe flow of investment channels; together at the same time not to cut interest rates immediately to calm down the market panic, leading to 10 8 gold was close to 920 U.S. dollars / oz. Can escape "Good News", but only recently the international gold "looks pretty good." Washed every 900 U.S. dollars / ounce mark, there will always be an invisible force in the back. In mid-March of this year compared to the second loan crisis has not caused the financial turmoil, the economic crisis is still in the "psychological stage", the international gold price has exceeded 1000 U.S. dollars / oz. Now the crisis into a reality, more strong demand for hedge, gold by the apparent resistance, what is the truth? Under normal circumstances, to judge the trend of the international gold price, there will always talking about the two major factors --- the dollar and crude oil. Gold and U.S. dollars, "the shift in the" strong dollar, U.S. dollar investment opportunity, people will chase dollars; on the contrary when the dollar on the foreign exchange market weaker, the gold price will be higher. In addition, gold is a hedge against inflation below the inflation rate of goods, the rise in oil prices means that inflation will necessarily follow, and gold prices will also rise. In the last two months, the dollar changed prior to the weak trend, showing a strong rebound. Financial crisis originating in the United States, the United States Government to take the first series of the rescue package, so that the U.S. dollar will continue to be, as of yesterday, the dollar index is still at a high of 80.67, slightly by 0.3 percent, analysts believe that the current high for the U.S. dollar was slightly down . Since the financial crisis spreading to the U.S. real economy, decline in demand for crude oil, since crude oil prices in October fell for a few days to a current level of 89 U.S. dollars / barrel. The strong dollar and weak oil prices, rising gold prices were to stop. At the same time last week, global commodity prices in general fell 10 percent as a commodity, gold is also affected. On one side is under the crisis of rising demand for hedge, is the U.S. side, crude oil, other commodities such as gold on the bad, analysts called this "a wrestling gold", how to get gold in the future, it is necessary to see While an even more advantageous position. A more severe concussion from the Oct. 8, the day before the U.S. and basically the same as that of crude oil was down 3.15 percent, while gold prices rose 3.5 percent. Gold in gold (now 600,489 shares, market, information, the main trading), traders said gold has been out of the fetters of the dollar and crude oil in a variety of commodities out completely independent. Golden Bear City, cattle flash From August to date, the international price shocks did not exceed 790 U.S. dollars / ounce to 920 U.S. dollars / oz. In the process, but market sentiment turning point occurred. 8 At the end of the week, the international emerging gold over the past 25 years the largest decline, down 8.4 percent the week, fell below 800 U.S. dollars / oz. Some market participants are of the view that since the beginning of 2006 the gold bull market has come to an end. At that time the main conclusions derived from technical analysis: the international gold from the early 2006's 600 U.S. dollars / ounce in March this year, rose all the way 1000 U.S. dollars / ounce its highest point, and then to the end of 8 below 800 U.S. dollars / ounce, or Taking in just about 50%, while the price adjustment going on for nearly two quarters, whether the adjustment or duration, have entered a bear market. At that time, coincides with the introduction of the first half of the countries of the European economic data, the major countries in the euro zone GDP data worrying that the euro coupled with the country's relatively high interest rate environment, capital began returning to the U.S. dollar has shown a strong start. Therefore, the international gold prospects in the industry predict Qudan. Change has come so fast, when people will be attention to a collapse of the investment banking house, "collapse" in the Dow Jones index, the gold market quietly turn in the right direction. "Golden Bear" factors as the crisis seems to fall apart, just less than a month time, the bull market has become increasingly clear signal. By the end of September, the world's exchange-traded index funds (ETFs) in the gold trade reached a record high of 1092 tons. Some commentators said, it seems that investors in the global equity markets are on the brink of panic, they have to sell low-priced shares and gold as a safe haven. At the same time, the countries of central bank gold sales have slowed, as 357 tons. This is because the central bank gold agreement signed by the country's obligation to the annual gold sales at less than 500 tons. In view of the rising enthusiasm for the market, some said the central bank gold sales are controlled. Analysts believe that the gold ETF trading rose to a new high of 1092 tons, as well as the current international price shocks of the intense performance of the gold market showed that hot money in and out frequently, although the obvious characteristics of the bull market, short-term gold still exists a lot of speculation risks. However, the International Committee of gold experts have pointed out that investment than to invest in gold and other precious metals assets to more stable market, gold market is still the core assets with long-term. Data show that the average silver more than 22 days for the volatility of 36.9 percent, 34.2 percent for crude oil, platinum for 27.8 percent, the Nikkei index to 25.5 percent, the FTSE 100 index was 23.2 percent, while only 19.8 percent gold.

Out the effectiveness of the world to save the market fluctuation could reduce the price of gold

As of 16:36 GMT, the highest price of gold on the same day in the vicinity of 851.3, the lowest price in the vicinity of 831.7, 845.2 at the close of the current near the surface today, the gold still exists the risk of further decline. Today, the focus of interpretation: Today, the market started to calm global stock markets began to rebound relatively strong, the European Union and the United States and major economies of the financial program to save the city more and more clear that financial markets in the short term will be to restore stability. In the next period of time, regardless of whether there is a new program to save the city announced that the market may significantly reduce the impact of investor risk appetite may be increased. "Shing Mun fire, the fish in the moat suffer," the recent financial market volatility so, the real economy can not be completely independent from the open, global investment, consumption, trade in this financial crisis, suffered a major blow, which will affect the real economy Production and sales, real economy is likely in the next period of time to face the dual pressures of investment and consumption, the global credit crunch and the slowdown in consumer environment, it is possible in the real economy between the formation of an adverse knock-on effect, the real economy caused by the severe recession . If countries do not prepare ahead of time to deal with this situation, is likely to be the next round of financial market turbulence, and as a result of a serious recession in the real economy caused by the financial turmoil may be more volatile than the long and intense. U.S. auto industry's recent problems may be exposed to the real economy problems in the beginning of the next period of time, it is possible that more large-scale industries and enterprises facing difficulties, a large number of employees will lose their jobs, reduce consumption and lead to a new A further deterioration of the global economy. Tonight market forecasts: Gold this evening there might be second bottom, if the price of gold in the 818 in the vicinity of good support, gold in the short term there may be some increase. If investors in the transaction, may be appropriate to buy 818 nearby, but the stop-loss can be set up 815.99 at the current price level, in principle, the proposed short selling of gold.

Gold prices fell following the liquidity crunch aggravated

Before the financial crisis in the brightest spot in the gold now passed their prime: With oil prices fell below 78 U.S. dollars a barrel over the past year and hit a new low, as well as the dollar index hit a 16-month high, gold also met with the fate of the sell-off. In the following gold stocks and commodity prices as a whole fell behind, also shows that market liquidity crunch situation is further aggravated. The sale of all assets Last Friday, various types of assets in the global market price is going down. In the tight liquidity situation remains unchanged, all types of investors to sell assets in order to obtain sufficient liquidity. Morgan Stanley World Index (MSCI World Index) in the last week has fallen by 19%. The representative of the overall commodity price movements when the CRB index-week decline to reach a total of 16.1 percent. And over the weekend, after a strong performance in the gold price, can not escape. Message to me Last weekend, COMEX gold futures December contract settled down price of 27.50 U.S. dollars, as much as 3.1 percent, to 859.00 U.S. dollars an ounce. In electronic trading after the close, December gold fell more than 6% to a low of 829 U.S. dollars on the 5th. In addition, NYMEX's WTI crude oil futures prices fell below 78 U.S. dollars over the weekend and hit a year low, which seems to be worried about inflation getting farther and farther away from the market, gold weakened as a tool to hedge inflation appeal. Last Friday, the dollar index was a record 83.191 16-month high. Despite the high in the United States and the rescue package of tax cuts to stimulate, the U.S. is faced with the risk of devaluation. However, the overall tightening in liquidity conditions, the market for the dollar is more preferred. For the same reason, investors sell the assets of all types of goods also continued. U.S. Commodity Futures Trading Commission (CFTC) last week announced the classification of goods report showed that as of Oct. 7 week, the fund in COMEX gold futures in 3354 to reduce the air alone; in the WTI crude oil futures in a reduction of 26,987 More than one, and were part of the holdings of gold and crude oil and air alone. The value of gold is worth looking forward to Gold in last weekend's sell-off to a great extent by the reaction of the market for fear of liquidity crunch. However, such a panic died down, gold's attractiveness for investors will likely be restored. Deutsche Bank over the weekend released the report, the dollar continued to be strong, the price of gold is difficult to significantly rise. Although the fund in the near future to reduce a lot of gold positions, but the speculative money in gold futures and options in the overall net position is still more impressive, which contribute to the continued deterioration of the market in the future hedge risks. In practice, the demand for investment, the world's largest gold ETF SPDR Gold Trust late last week held by the total amount of gold reached a record high of 765.7 tons. In the context of the credit crisis, the relative security of physical gold demand remained strong. Last weekend, the G-7 and G-20 have indicated that they will take all necessary measures to cope with the financial crisis. The most practical approach is to inject more market liquidity. For most investors, however, does not enhance the liquidity of financial markets means that the reduction of systemic risk, on the contrary, the fear of inflation is more likely to enhance the attractiveness of the gold market.

Dollar investment to increase gold charm, spot gold sharply stronger

Due to the weaker dollar increased gold's investment charm, combined with rising oil prices, the European market Monday afternoon trading, spot gold rose sharply. German commercial banks (Commerzbank) analyst Eugen Weinberg said that the current gold price is very attractive and therefore is expected to rise further. The euro / dollar up to give support for the gold. In Europe, said the Government will work together to the stability of the banking sector, multi-currency against the euro began to rebound. Standard Bank (Standard Bank) analyst Manqoba Madinane said that the amendments to the U.S. market, as well as the larger credit spreads may indicate a good trend of precious metals today. Dresdner Bank (Dresdner Kleinwort), said last week the stock market turbulence on the promotion of gold. Monday, the currency market will also be given to support the gold price, the market may be stable to lower investor demand for gold. The stock market was mainly due to stable governments and the central bank introduced the policy to stabilize financial markets. If the stock market stabilized, the factors that may affect the gold back to the U.S. dollar and the oil. Golden exchanges of open-end fund (ETF) investment dealers are also concerned about one aspect. The world's largest ETF trading institutions SPDR Gold Trust, said its gold holdings last Friday rose to a record high 770.64 tonnes. Analysts also said that financial market prospects continue to worsen and could stimulate demand for industrial metals. 18:53 GMT, spot gold was reported 855.80/856.50, spot silver has been reported 10.59/63, spot platinum was reported 977.00 / 1,00.07, spot palladium 194.00/206.00 reported.