On the same day, the price of silver futures foLure precious metalsr September delivery rose 4.9 cents to close at $27.812 per ounce, an increase of 0.18%. The platinum futures price for delivery in October fell 2.9 US dollars to close at 1396.2 US dollars per ounce, a decrease of 0.2%.
In addition, the US Moody's Investors Service also downgraded Greece's sovereign debt rating on Thursday, and said it may further downgrade because the cost of borrowing in Greece may eventually far exceed its previous expectations.
In addition to the shutdown of the government due to natural disasters, another important event in the fundamentals is: the White House issued a statement on the 15th announcing that US President Barack Obama has formally signed the debt ceiling increase bill, extending the Treasury Department’s authority to issue bonds until March 15, 2015. , The US government’s alert for breach of contract was lifted in stages.
Regarding the gold price trend in 2009, Gu Haipeng, a senior gold investment analyst at Jingyi Jinye, said that three factors supported the rise and difficulty of gold prices: First, as the global monetary system adjusts, gold will become a bargaining chip for governments to compete for currency dominance. ; Second, the low interest rate policies adopted by major economies to stimulate economic recovery will further boost the demand for safe-haven gold; third, the gap between supply and demand in the gold market still exists.
Have your paper and silver sold? It has fallen so hard. Hearing a friend’s prompt, Changsha Paper Silver Investor Ms. Liang, who looked at the silver trading software after the weekend, was sweating: Not long ago, the paper silver held at the price of 6.3 yuan/gram and 5.7 yuan/gram fell to 5.1 yuan/gram. Loss of 4806 yuan, more than 10%. Affected by the black swan incident, Cyprus officially agreed to sell about 400 million euros of gold reserves to aid the country’s economic crisis. The international gold price hit a new low on the 13th, and even fell below the $1,500 mark, as low as $1,498 per ounce, down 4% per day, and fell to The lowest position since July 2011. Well-known investors, Niu Dao, etc. even wrote an article that gold fell below 1,500 US dollars, indicating that all the BRIC countries are in economic recession.
The price of US$1,000 per ounce in the past seemed to be a ceiling for international gold prices, but now it is more like a floor for gold prices. Recently, several international investment gurus have expressed their optimism about gold. They not only use their mouths, but also use their hands. Public information shows that big figures in the financial sector such asLure precious metals Soros and Paulson have already heavily involved in gold investment.
Avilad believes that the weakening of the U.S. dollar is related to the rise in the price of gold. The European crisis has allowed the U.S. dollar to appreciate slightly, so gold will be negatively affected in the short term. The Swiss franc temporarily weakened after being pegged to the euro, which also pushed the dollar to appreciate, but if the Swiss franc ceases to be a safe haven, the price of gold will rise. Developed countries seem to want to print money, and the economic development of developed economies seems to have stagnated. In this environment, gold is far from over-holding.
In terms of the degree of impact, the silver market is relatively small, only 1/4 of gold, so the impact will be relatively large. Even so, the closure of the OTC market cannot be the main factor leading the silver trend. The relative weakness of silver is mainly due to the stronger commodity attributes of silver. During the downward process of bulk commodities, it will behave weaker than gold.