Market analysis: yesterday
On Wednesday, the European debt crisis and dollars by the dual new-home sales atrophy stimulation, gold, and again the way high above the tops of test 1,440. As we expected, gold yesterday at 13.2clear mbts to more good - after 13.3 interval concussion finally choose upward, one is concealed in the European debt crisis by the influence of the continuing Libya, another is armed intervention pushed higher gold prices are expected to rise one reason that epicycle pace will still continue.
Peripheral market news:
Yesterday, the European market need attention event for Portuguese parliament rejected cut fiscal expenditure resolution, and which has led to a series of risk events. Considering the Portuguese financial income is still not appear, the country's sovereignty debt may better in June this year, the most difficult period in through reduced financial support to the government to tide over the difficulties; But because of a parliamentary opposition, eventually the bill will be difficult to achieve. We expect the Portuguese will probably is the Greece, Ireland third applying for aid after the countries, and will face tougher with the aid requests for. Country's prime minister Socrates says, because the budget cuts, he has no through submitted to resign. Affected, "the European debt crisis is ablaze, because reburning the important position in the euro zone of Portugal, if Portugal for the whole euro zone for aid this confidence will cause a huge blow. This weekend the forthcoming eu summit therefore have a shadow. Taken together, because the Portuguese ramshackle fiscal situation, market confidence to euro by obvious silenced, euro trading session yesterday evening dish, pushing up quickly fell $for gold also provides because a little uplink momentum.
Gold fund & futures report:
Until March 24, the world's largest Gold SPDR Gold ETF Trust latest position quantity 1214.87 tons, a report last trading day unchanged; COMEX gold April main contract period of last trading day 119990 hand, volume quote volume have rebounded. Contract 10.90 dollars/day receive up to $1438.50, closing at newspaper ounces per ounce, days 1426.20-1440.30 mainly interval.
Today's guidelines:
Judging from the current gold still maintain good uplink rhythm, expected if gold and silver prices near record highs in early may occur, but for the possibility of multilateral dominant larger, then still expected to move up the price.
International spot gold fluctuating range 1,450 】 【 1430 -
Domestic Shanghai gold fluctuation space 305.5 】 【 303.0 -
Domestic Shanghai silver fluctuation space 【 】 78-335,840
Gold nets statement: gold nets reproduced the above contents, don't show proved had its description, only for investors reference, does not constitute investment advice. Investors accordingly operation, own risk.
