Quantitative easing of the Federal Reserve Board of the United States, the market weakened, coupled with a stronger dollar bearish gold (1569.10, -8.90, -0.56%) transactions, the New York Mercantile Exchange, gold futures prices on the 20th continued to drop, closing price fell below $ 1600 an ounce mark.
The same day, the New York Mercantile Exchange, gold futures market is the most actively traded gold futures price for April delivery closed at $ 1,578 an ounce, higher than the previous trading day down $ 26.2, a decrease of 1.63%.
Market analysts said many traders estimated that the Fed may be slowing down before the end of 2013 or the end of the third round of quantitative easing monetary policy, the Fed will announce later on the 20th January monetary policy meeting minutes, so gold intraday The pressure drop, the closing price hit the lowest level since the end of July last year.
Recently, gold continued to fall, many analysts assert that the gold market has ushered in a "death cross", means that the long-term gold bull market will end, may be faced with a wave of the next bear market. However, some analysts do not agree with this view. In addition, the U.S. dollar the day strong bearish gold trading. Measure of the U.S. dollar against a basket of currency exchange rates, changes in the dollar index rose to 80.76 from the previous trading day's 80.45 near.
The same day, the price of silver futures for March delivery fell 80 cents to $ 28.622 per ounce, down 2.72%. Platinum futures prices for April delivery fell $ 50.4 to $ 1,647.1 per ounce, down 2.97%.
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