In addition to the age difference, Park Nan said that which financial products to buy should also depend on his level of demand for funds. If it is a two- to three-year medium-term plaGulf Precious Metals Reviewn, it is recommended not to invest funds in higher-risk equity products. If funds remain unchanged for ten or twenty years, risky products can be added as appropriate.
As far as QE policy is concerned, withdrawal is almost a certainty, it is just a matter of time. The economic recovery of the United States can be clearly seen from the economic data last month. Although the non-agricultural data in July did not perform well, the Dow still hit a new high, and the US dollar index also fluctuated upward. As the U.S. economy improves, QE exit expectations become stronger, and a strong dollar will fuel the decline in gold prices.
International spot gold on Wednesday (September 24) refreshed the daily low of US$1215.60/oz at the beginning of the New York session, and finally closed down 0.50% slightly. As the sales of new homes in the United States soared to a more than six-year high, the US dollar index rose above the 85 mark. , The US stock market closed sharply. The current market focus has shifted to Thursday's US durable goods orders and Friday's GDP data.
The gold we bought, after a few months, there is no need to wait for us to process it into gold wire, the price has already gone up, the company really does not have to worry about it. The sales staff of this company told our reporter. The company invested and built a factory 10 years ago, and several Japanese-funded companies in the same industry have withdrawn. The company is still fighting stubbornly. Unexpectedly, the boom in the gold market in recent years made them laugh last.
However, Junya Tanase, chief foreign exchange strategist at JPMorgan in Tokyo, said that if the increase in non-agricultural employment is within the expected range of 95,000-225,000, the data is unlikely to have a significant impact on the currency market. He said that unless the non-agricultural employment data is significantly weaker than expected, it is less likely that the dollar will rise under the influence of investors' willingness to hedge.
OZMinerals is the world's second largest zinc producer, with an annual output of about 500,000 tons of zinc mine in Queensland, Australia. The company produces zinc, copper, lead, gold, silver and a small amount of nickel. Gulf Precious Metals ReviewDue to financial difficulties in selling assets, international giants have launched a fierce battle over the minerals they have invested heavily in. China Minmetals Corporation previously proposed a $1.7 billion comprehensive acquisition plan for OZ.
One of the options proposed by the IMF is to further reduce the interest rate of Greek loans to the euro area. Other options include the European Central Bank and the central banks of the euro area to withstand a 30% write-down of Greek debt, or call on the euro area government to implement bilateral loans to Greece. Write down operation.
International gold prices fluctuated lower on Monday (May 7), as Hollande won the French election, which put the euro under heavy pressure. However, the weak performance of non-agricultural data released last Friday pushed up QE3 expectations, which still constituted partial support for gold. The price of gold once again fell into a shock pattern in the range of 1625-1650. At 08:36 Beijing time, spot gold was reported at $1,637.45 per ounce. The French Ministry of the Interior announced that 99% of the votes counted showed that Francois Hollande won 51.7% of the votes and defeated the conservative current President Nicolas Sarkozy with a support rate of 48.3%. Hollande became the first Socialist president in the past 20 years, and former President Nicolas Sarkozy became the 11th European leader to step down due to the European debt crisis. After the announcement, the euro/dollar quickly fell to the 1.2960 level, and the dollar index rose sharply to a high of 80.02. Gold prices were under pressure and fluctuated to below $1,640 per ounce. This result made France, the core European country, turned to the left to govern. Hollande promised to start delaying the implementation of the German-led austerity policy. Hollande advocates welfarism and is less determined to reduce deficits than Sarkozy; his coming to power may adversely affect German-French relations and the European debt situation. Out of such concerns, investors dumped the euro sharply, which in turn led to lower gold prices. However, from the perspective of trends, the price of gold has fallen far less than the euro. The main reason is that the weaker-than-expected US non-agricultural data released last Friday has pushed up the market's expectations for the Fed to implement the third round of quantitative easing (QE3). Data released by the US Department of Labor (DOL) on Friday showed that the number of non-agricultural employment in the United States increased by 115,000 after the seasonal adjustment in April, the lowest monthly increase since October 2011, and an expected increase of 170,000. Robin Bhar, an analyst at Societe Generale, said that the US non-agricultural employment data fell short of expectations, and the quantitative easing policy adopted by the Fed is a key support for the gold market. UBS Group (UBS) said in the latest report that the market has accelerated its focus on Europe, which may have a destructive effect on the market and once again suppress investor sentiment. The bank also said: Gold is still undecided in terms of risk assets and safe-haven asset properties, and the reaction to dollar-denominated gold is currently unclear. However, given the pressure in Europe, the euro may be under pressure, and euro-denominated gold may be profitable. Market data shows that, boosted by non-agricultural data boosting QE3 expectations, the international gold price rebounded sharply above US$1,645 per ounce during the European and American hours last Friday. However, the price of gold fell again from its high level after the subsequent weakness, and the result of the French general election also put the price of gold under pressure. Judging from the current market conditions, the price of gold is once again trapped in the range of 1625-1650 US dollars per ounce, waiting for new catalysts. In terms of holdings, the world's largest gold exchange fund (ETF)-SPDRGoldTrust's gold holdings as of May 3 remained at 1,274.09 tons. The world's largest silver ETF--iSharesSilverTrust's silver holdings as of May 3 remained at 9,537.53 tons.
The dollar rose sharply yesterday. But Arizona Governor Doug Ducey signed a bill to abolish capital gains taxes on gold and silver, allowing Arizona residents to use precious metals instead of Federal Reserve banknotes as currency.