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 hiPrecious metal detectorgh 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.
On the same day, the most active April delivery gold futures price on the New York Mercantile Exchange gold futures market closed at 1578.6 US dollars per ounce, an increase of 0.6 US dollars from the previous trading day, an increase of 0.04%. However, the gold price once dropped to 1554.3 in intraday trading. Dollar.
Yesterday, the precious metals market continued to rise slightly, and once broke through the important resistance above, but then affected by factors such as the pressure of profitable selling and the rise of the US dollar, there was a slight retracement in the late trading. As of the close, London Gold reported $1,26.50, an increase of $0.3, an increase of 0.02%; spot silver reported $21.14, an increase of $0.14, an increase of 0.67%. During the US session, the U.S. dollar index rose from around 79.8 to 79.9, with a quote of $1.37 against the euro.
Silver, originally an alternative investment product for gold, has its main advantages in lower investment thresholds and certain financial attributes. However, since the second half of last year, silver has become the dominant player in the precious metal investment market. In just one year, the price of silver has skyrocketed by nearly 170%. Especially since the end of January this year, silver seems to be on the rocket, and the surge has continued.
German Quantitative Commodity Research (QuantitativeCommodityResearch) consultant Peter Fertig said that gold may restart its upward trend and stabilize, but it may also face more downward pressure, which depends entirely on the response strategy of the Fukushima nuclear issue.
But what is interesting is that compared to the steadily upward gold maPrecious metal detectorrket, the silver market has experienced rare surges and falls. The surge of international silver in the first half of the year started at US$26.35 per ounce on January 28, and reached a maximum of US$49.83 per ounce on April 25, an increase of 89.11%. Just as the market believed that silver prices would usher in a new round of historical breakthroughs, in the week of early May, silver experienced a 30-year rare continuous plunge, with a total drop of 25% within a week.
On that day, the price of silver futures for delivery in March 2013 rose by 15.7 cents to close at $33.114 per ounce, an increase of 0.48%. The price of platinum futures for delivery in January 2013 rose by 16.5 US dollars to close at 1600.7 US dollars per ounce, an increase of 1.04%.
3. The Portuguese National Statistics Agency (National Statistics Agency) recently stated that the construction of three highways has increased government expenditures and has substantially revised Portugal’s 2010 budget deficit as a percentage of GDP to 9.1%, compared to 8.6% before. Level.