2010, the international price of gold rose 29.7% year to break through $ 1,400 an ounce mark, and in the last trading day of the year hit a record high closing price. However, the first trading day in 2011 gold rose slightly after four consecutive trading days, plunged 3.8%. Of these, only 4 January day, the New York Mercantile Exchange gold futures to a record $ 44.1's largest single-day drop in the past six months.
bad start for 2011 will usher in gold turning point? Gold price trend in recent days whether the appropriate callback, or the beginning of the bubble burst?
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
Gold rose in 2010 because, credit risk, led by the notes.
some market participants believe that the U.S. economy to show New year, new weather, going through several rounds of the European economy after the debt crisis can still achieve an overall growth in advanced economies is expected to usher in a sustainable recovery in 2011. With the uncertain economy picking up, investors will gradually return to the stock market, real estate, high-risk, high-yield alternative investment channels.
But some analysts believe that the trend of global economic recovery is not in contradiction with the gold trend, from 1999 to 2008, the global economy grew steadily, while gold prices rose from around 250 U.S. dollars an ounce to above $ 1,000.
the Meadows that further in 2011 as the U.S. economy pick up, inflation is expected to heat up, and there has been inflation in emerging markets. Thus, inflation in 2011 will take over the baton of hedging demand, boosting the price of gold as the main driver of a new high.
Second, the imbalance between supply and demand situation is still difficult to change. Exploitation of mineral resources and is subject to the scarcity of technical limitations, the world's gold production over the past decade has been stagnant or even decline slightly. According to data released by the World Gold Council shows that since 2001 the world's gold production reached its peak of 2,600 tons, and have been 2200-2600 t between the two. From 2001 to 2009, world gold output fell 9.6%, but the international price of gold increased by 321%.
At the same time, demand for gold have been continuously expanding. Year from 2009 to 2010, European Central Bank is almost entirely stop the sale of gold reserves, gold sales fell 96% year on year. While China, Russia, India and other countries are a large number of holdings of central bank gold reserves.
In addition, investment demand in the proportion of the total demand on the rise. Released by the World Gold Council data show that the first half of 2010, global gold demand, investment demand from 40% of total demand.
Review 2010, the international price of gold rose two blowout were the dollar, the euro currency devaluation expectations the two are inseparable. 4 to 6 months, in the euro zone sovereign debt crisis, the euro kept falling, gold is taking advantage of the record for consecutive. The September-October, the Federal Reserve continue to release liquidity to continue to expand the signal and set off a new round of dollar selling frenzy, the other end of the seesaw in the international price of gold in just one month to rewrite the closing price of 12 times in history.
analysts believe that despite the U.S. economic momentum in 2011, becoming good, but the Fed's low interest rate policy is still difficult to change the short term. With the flood of liquidity intensified, the dollar and the euro continued to depreciate, notes, gold as a
PTI Securities and Futures in Chicago, President Daniel Hoven said, low interest rates is to ensure that 2011 gold price continue to rise the key factors.
While the U.S. economy, Following Ireland, Portugal, Spain and other countries of the sovereign credit problems once again be in focus.
In addition, the geopolitical situation in 2011, the instability of the gold rally will also be a potential driving force. Doss said the Iranian nuclear issue and the prospect of the Korean Peninsula is full of variables, once the intensification of contradictions will stimulate a lot of hedge funds into the gold market.
summary, intertwined in a variety of factors, under the influence, 2011, gold prices may still continue to refresh the record.
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