[2014-07-21]Many mixed fermentation unfinished gold and cloudy conversion geographical factors The banking crisis eased last week week, Portugal, together with the feds yellen hawkish rhetoric, gold prices fell. But the deterioration of the situation in gaza after Israel, and on Thursday, the horse boat airliner MH17 was shot down in Ukraine, higher safety requirements, gold prices surged. On Friday, gold prices fell back, eventually closed at $1310.20 an ounce, or 0.57%. The banking crisis eased last week week, Portugal, together with the feds yellen hawkish rhetoric, gold prices fell. But the deterioration of the situation in gaza after Israel, and on Thursday, the horse boat airliner MH17 was shot down in Ukraine, higher safety requirements, gold prices surged. On Friday (July 19), gold prices fell back, eventually closed at $1310.20 an ounce, or 0.57%. On Monday (July 21) the city opened, spot gold continued decline on Friday, down slightly, currently trading at $1308.00 an ounce. Last week on Tuesday, the fed chairman Yellen (Janet Louise Yellen), said at a congressional hearing if the U.S. job market to improve faster than the federal open market committee (FOMC) expected, the federal reserve may be more early, to raise interest rates faster. Bank of Americas Wealth Management (U.S. Bank Wealth Management), senior investment strategist Rob Hawthorn said: the gold market is the most positive emotions may have already seen. The overall direction of the gold is down, because the economy is improving. The fed to raise interest rates sooner than expected, may be in the second quarter of next year. Last week Israel said, have military action in gaza, in response to hamass attacks. Pakistan, said Israel is to air and ground plane and naval artillery attack on gaza. On Thursday (July 17), between hamas and Israel have reached the so-called humanitarian cease-fire, 5 hours, but the period after a cease-fire, immediate resumption of attack from each other. Last week on Thursday night, a flight from Amsterdam to Kuala Lumpur the horse boat MH17 plane crash in eastern Ukraine donetsk region, 280 passengers and 15 crew members were killed, including 173 people in Holland. The incident has heightened tensions between Ukraine and Russia. Quincy Krosby, market strategist at Newark said: at the time of rising risk aversion, gold prices will rise. Regional disputes will once again become the focus, Ukraine and the Middle East, so buying is more rational. Indias gold imports surge in June, Indias trade deficit widened to 11-month highs. In India, gold is the second largest imports, in addition to the crude oil is India towards the edge of the balance of payments crises last year a major factor. The strong rebound in gold imports may mean restrictions will remain for a period of time. The CFTC data show that in the end of the week on July 15,, the COMEX gold drastically reduce speculative net long positions 12302 contracts, to 131971 contracts. Comex gold net long positions was reduced by 8.5%. In addition, the holdings of SPDR gold ETF has increased 1.7 tons last Friday, total holdings into 805.14 tons. Citigroup (Citigroup) in commodity report for gold prospects are analyzed, the bank said, as retail investors strong spot market activity, gold exchange-traded fund (ETF) position, and the global central Banks the limitation on the downward trend in gold, gold for the rest of this year is expected to steady at $1290 - $1350 / ounce range. Gold this year, the bank said, to average at $1300 an ounce, 2015 $1365 an ounce, expected in 2016 at $1380 an ounce. Commerzbank comment on (at), according to the price of gold in July to $1345.30 an ounce of offset by gains on Monday, and after the fall. The bank said preliminary support in the $1286.40 - $1293.20 / oz gold range, further support at $1297.70 an ounce and $1268.40 an ounce. Key resistance at $1315.90 an ounce, followed by $1331.50 to $1332.60 an ounce. The bank also said, however, is expected to price of gold is unlikely to rebound to above $1345 an ounce, any significant bullish. While Canada gold bank Capital market (precious metals strategist at RBC Capital Markets) George Gero think gold prices are likely to rise this week, because the regional problem is still in dispute. Generally, on the impact of regional disputes on gold is relatively short, but Gero think consider many factors, the market now from Ukraine to Iran to Iraq to hamas. Global foreign exchange market, according to the center of Beijing time 09:45, spot gold at $1309.71 an ounce.
Posted on: Mon, 21 Jul 2014 04:21:09 +0000
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