Although the two parties in the United States reached a debt ceiling agreement before the deadline, which prevented the United States from defaulting on its national debt, the financial market is still turbulent. Investors worry that the US AAA rating may be downgraded, and the European debt crisis shows no signs of easing. In addition, the weak economic data released by the US recently strengthened the Fed’s expectations for the third round of quantitative easing. Driven by many faPrecious metals futuresvorable factors, international gold prices have risen sharply in the past two days, once breaking through the $1,670 mark, and their performance is very eye-catching.
Leonard Kaplan, president of Prospector Asset Management, said that the current overall sentiment in the gold market is still bullish, and most investors believe that gold prices will continue to rise. The sale of gold by some investors today may be related to concerns about the unpredictable market situation next Tuesday.
The financial event that had the greatest impact on the global economy in 2011 was the European debt crisis. At present, this crisis is far from over. Although European countries have adopted assistance measures, the situation in Greece has not improved. After receiving two rescue loans, Greece was downgraded to CC by Standard & Poor's in July 2011, with a negative outlook. Standard & Poor's believes that the European Union's Greek debt restructuring plan is a cheap exchange, Greek debt swap and rollover options are not good for investors, and Greek debt restructuring is equivalent to a selective default. In addition, although the newly completed Greek private sector debt swap temporarily boosted market confidence, the market performance this week reflected that most investors are still skeptical about the market outlook. Most of the newly issued bonds are at a 30% discount, which is close to junk. It is still a long way for Greece to get out of the quagmire. Generally speaking, Greece is like a huge weight. Although the member states have introduced measures to assist Greece, the effect is not satisfactory. Instead, it has plunged itself into crisis. At present, the entire European financial landscape is full of mists. If Europe wants to change its debt situation, it does not rule out the possibility of selling gold. By then, gold prices will be under pressure.
Throughout the 1990s, Russia and other countries experienced major economic changes. They had to sell gold to buy food and production materials and repay national debts. After a large amount of gold flooded into the international market, the price of gold plummeted. An employee of a Japanese gold company told this reporter.
German Chancellor Angela Merkel said on Friday that Germany hopes to break the deadlock and quickly come up with a solution to Greece’s new aid plan. At the same time, it will ensure that the private sector is involved in aid after coordination with the European Central Bank. Decided.
ClalFinance Ltd. analyst Arie Goren said in his research report recently that the price of gold had failed to escape a round of commodity price plummets that began in February. But the price of gold has fallen less than other assets. The Reuters/Jefferies CRBIndex has fallen by 17.7% since the high of the year sPrecious metals futureset on February 24, but the price of gold has fallen only by 9.8% since the high of $1,797.70 per ounce set on February 28. .
Xinhuanet, Chicago, April 9th (Reporter Zhu Zhu) As the US employment data in March was less than expected, the market speculated that the Fed might adopt a new monetary easing policy to stimulate the economy. Therefore, the price of gold futures in New York continued to rise on the 9th, marking the first consecutive increase. Rise on the second trading day.
Fortunately, the U.S. dollar index fell later, and some investors expected future inflation, which slightly pushed up the price of gold in recent months. According to Duan Shihua's analysis, the decline in the U.S. dollar index also indicates that safe-haven funds are leaving the U.S. dollar, and the market's risk appetite is rising.