The New High International Gold Price Record
World Bank Senior Fellow Yuan Jin Xiao Lei: once again rising gold market that ends: As of 8 18:05, COMEX gold futures contract has a continuous record 1254.5 U.S. dollars / ounce of all-time high, and there is continued upward trend. Since last Friday 4 (Reuters) gold has gained more than 30 U.S. dollars. But worth noting is that the world’s largest gold fund SPDR ETF nearly two months to lighten up, if the continuation of this phenomenon, it will greatly increase the possibility of gold callback.
Although the broken high pressure still exists.
Recently, the euro zone has 500 billion euros to finalize details of the program of emergency loans, but has some flaws credibility of the euro zone sovereign issues, global investors is difficult to reverse in a short time against the euro and euro-zone economic point of view. Market sentiment, at present, or emphasis on the search for safe haven. So at the current price of gold, the continued strength of the more likely.
But there is also a recent phenomenon, the world’s largest gold ETF SPDR Fund has begun to lighten up, this is a continuous nearly two months to lighten up the fund, so this ascribed to these funds and large investment institutions to create opportunities for profit taking If the Fund and a number of long positions held by large institutional investors in the current round of continuous lighten them up, gold will cause some pressure late middle movements.
According to several large gold deposits of domestic enterprises to disclose the information, the current cost of gold they produce (from circulation) remained at about 140 yuan / g, while the last five years the sales of investment-oriented basic price of gold has maintained at 200 yuan / g above, gold jewelry and crafts products are premium higher.
World Gold Council report that over the past five years, demand for gold in China, the average growth rate of 13%, while China’s current per capita consumption of gold jewelry is only 0.26 grams, the highest in the world’s lowest list. So from this aspect, China’s gold market does not bear the basic foundation, but foundation is very strong bull market. The judge from a single Chinese market, is an objective. However, enterprises and international gold market, gold prices remain high operational risks.
Taking into account the dual property investment gold.
Currently, a wide range of gold investment products, financial services as banks in the gold strong investment projects, investors can easily operate the computer next to the business, such as paper gold and other investment types have one-click there. This business not only allow investors to share the benefits of rising gold prices, asset allocation can be as routine a part of a planned family financial management.
The gold spot deferred settlement of futures trading such as margin expansion of long and short of China’s gold market audience, corporate, investment banking, private equity funds, professional investors have already become the market mainstream.
However, in terms of financial property is not stable enough, and the product attributes of the cost of a long deviation, which will result in the price of gold by investors in the value of a larger psychological effects, is not stable enough. On the other hand, the domestic gold market price in line with international standards, the field of industrial and financial channels are isolated in the international market situation, investors are difficult to market prospects and self-adjustment of investment strategies to make effective judgments.
In view of the gold property in goods and financial attributes of the special nature of the financial sector and investors need from economic entities interspersed considerations, such as international financial market turmoil or crisis, they can buy gold hedge, and when the financial crisis deepens, a certain impact on the real economy, the gold demand in the actual product will decrease. So investors should refer to the financial markets, “central line” investment profit.
In the long-term asset allocation, you need to cater to the consumer market entities.
As the gold investors, concerned not only the domestic market but also to focus attention to international markets in the Chinese market influence Haiwei before a certain level, we participate in the price of gold investment products Jiben Du Shoudao London price of gold and New York Mercantile Exchange gold futures prices around, domestic factors is almost negligible.
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