The gold price is propped up short line to face to adjust in USD 870 neighborhood
The IMF sell a gold plan to the benefit of market empty function gradually dilution digest, gold price at USD 870 neighborhood is prop up.Analysis recently the much empty factor of gold City, the writer think gold price short date to still face adjustment pressure.
The government in the United States proceed from dumping national debt to raise a funds of demand, maintenance pre-eminent USD of will mightiness.
The economy in the United States appear recovery evidence, the hobby rally of the investor risk, gold and USD be heavy to return negative related trend.Because gold price Gao Qi4, the gold of tradition consume country golds such as country India, Turkey and Middle East etc. consumption need to be subjected to obvious repress, under the situation that native currency depreciation, personal investor in succession dump gold, this year, the Turkey have already become gold clean export country.
Finance crisis, the gold avoid insurance the function get biggest a body now, but because of investor to macro view economy foreground of pessimism expectation, other big religion merchandise price significant lower.With gold crude oil comparative price for example, their comparative price once was up to 28, significant deviate 2000 in the last yearses 10 or so of average level.Compare finance price for crisis to beginning, now all big religion merchandise and precious metal price and gold compare to all be placed in equal low position.Recently, Central America economy emergence recovery evidence, March China purchase agent index number the PMI attain 52.4%, the United States manufacturing industry index number ISM and second-hand building sale the data turn warm, first time receive an unemployment benefit number to start descend.Way rebound range more than 22%, AN index number continuous the 6th month continue rebound trend, world market of investment risk hobby rally, in China instauration aluminum import of the news arouse bottom, big religion merchandise price certanly will further walk strong, gold with other big religion merchandise of strong or weak position just at quietly occurrence change.
Currently, the world gold ETF hold a camalig quantity to still be up to 1308.5 tons, beginning of year up to now, the gold investment of the gold ETF increment 440 ton, however recently investment increase soon already obvious put slow.But the CFTC announce of the hold of futures of the COMEX gold camalig circumstance also indicate the gold price still will face adjust in the short run, latest of hold a camalig data manifestation, non- business several clean ready cash continue to fall power, from 3 the end of the month of 18,930,000 ounces fall to latest of 16,920,000 ounce, not report several clean ready cash also from 5,800,000 ounce slump go to 5,660,000 ounce, at the same time, clean short seller ready cash keep on rally, particularly the clean short seller ready cash of the fund latest the data be significant increment 1,070,000-3,170,000 ounces.(East sail finance
Zhang Jun4 Yu3)
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