Understanding the precious metal market and coinage

Understanding the precious metal market and coinage

John Kilduff, partner of AgainCapital, said: The US debt situation has been tested by reality, and only precious metals will benefit from the Understanding the precious metal market and coinagedowngrade of the rating outlook. The overall economic outlook has become more confusing, and the stock market and energy commodities will be under pressure.

The factors affecting the gold market are complex. HSBC precious metals chief analyst James Steele said that from another perspective, gold is actually a barometer of confidence. At present, the population of Western countries is further aging, coupled with high debt, and economic growth continues to be sluggish. The body is still caught in the debt trap, etc. The problems shown in the financial crisis are still unresolved.

The international gold price continued to decline overnight. Yesterday, the domestic Shanghai gold price remained volatile, and the entire line closed down. Among them, the main 1112 contract opened at 319.99 yuan per gram, closed at 319.00 yuan per gram, and returned to below 320 yuan per gram, a decrease of 0.44%.

Paulson, a hedge fund manager who has always been bullish on gold, sharply reduced his holdings of the world’s largest gold ETF SPDR gold ETF last quarter and kept his current long positions unchanged. However, other well-known fund companies such as PIMCO continue to lighten their positions, freeing up institutional investors. Take the lead in withdrawing from the worrying signal of the gold market as in the first half of the year.

In addition to the stock market crash, the price of NYMEX crude oil also fell 3.5% to US$84 per barrel. In a report last Friday, Crédit Agricole lowered its one-month crude oil target price to $85. The reason given by the company was the uncertain global economic outlook.

Due to the extremely weak performance of the US August non-agricultural data released on Friday, investors have increased their expectations of the US economy in a secondary recession, and they have begun to infer that the FED will offer QE3 as soon as this month. International gold prices continued their upward trend during the Asia-Europe trading hours driven by continuous buying, and further expanded their gains during the intraday to close to the $1,000 marUnderstanding the precious metal market and coinagek again, reaching a peak of $1,884.50.

On Tuesday, the price of gold continued to show a moderate inertial decline, and the overall volatility was weakened, waiting for market news to further clarify in order to wait for a breakthrough. Gold prices reached a high of 924.7 US dollars per ounce during the intraday session, and a lowest of 912.8 yuan per ounce, to close at 915.2 US dollars per ounce, a slight drop of 8.4 US dollars from the previous trading day, a daily decrease of 0.91%, and the daily K line was extended by 5 The small Yinxian, where the daily moving average continues to decline slightly. Silver reached a high of 13.15 US dollars per ounce during the intraday trading session, and a minimum of 12.63 US dollars per ounce per ounce. It closed at 12.71 US dollars per ounce, a slight drop of 18 cents from the previous trading day, a daily drop of 1.40%, and the daily K line showed an extension. The 5-day moving average continues to fall and the long upward draw small Yinxian. The U.S. dollar index touched 87.35 at its highest on Tuesday, touched its lowest at 86.73, and closed at 86.83, a slight drop of 26 points from the previous trading day, with a daily decline of 0.30%. The daily K-line showed a slight decline around the 5-day moving average for the sixth day. Yinxian. Crude oil had a high of US$49.80/barrel and a lowest of US$46.53/barrel on Tuesday, and closed at US$49.16/barrel, a sharp increase of 181 cents or 3.82% from the previous trading day. The daily K-line showed a sustained and strong surge in a 5-day moving average. Zhongyang line pattern.

No matter how the debt crises of various countries develop, no politician will let his country produce a so-called sovereign debt crisis. Therefore, the result we see is that crises will occur from time to time but will always be controlled in the end. The only way to solve the crisis is to borrow new debts to repay old debts and continue to extend the debt repayment period. The debt crisis has led to a continuous decline in paper currency credit, and paper currency credit will be improved again as the country’s economic strength increases. Therefore, economic development is the key to solving all problems. Although the current world economic growth is weak and relying on monetary factors to stimulate economic growth, paper currency credit will still be constantly challenged, and gold's role as the last guard of paper currency credit will not disappear. In other words, gold still has a specific investment value, but the continuous stability and healthy development of the economic and financial markets should be expected, and the new high of gold prices will be affected. In particular, the current price of gold has included concerns about possible debt defaults. Therefore, once this round of debt crisis ends no matter what form it takes, the result of gold reaching new highs should return downward, and gold prices will not shine forever.

Although there is still a certain probability that QE3 will be launched, as the US economy gradually improves, QE3 expectations have gradually weakened. In addition, the European debt crisis has been suspended as Greece once again received aid, and market risk aversion has declined. These news suppressed the rise in gold prices. Li Ning, a mid-term futures analyst, said in an interview with a reporter from International Finance News.

However, even if the pace of recovery in industrial countries accelerates, there are still uncertainties in their economies. If investors are worried about the US and European economies again, they may reinvest in gold. And geopolitical risks and rising inflation will also cause gold prices to rise. In addition, India, the mainland, Russia, as well as the Philippines, Thailand and other countries are all actively buying gold, which has also stimulated gold prices. Although the price of gold has been rising for 10 years, its upward trend may continue in the long run.