Deutsche Bank (DeutscheBank) analyst DanBrebner said: a strong dollar is bad for gold, but at the same time gold priced in euros may perform better. Brebner said that gold performs better than base metals in a deflationary environment. GolMonex precious metals pricesd is a deflationary hedging tool and is often used as a currency. Currency usually performs well under deflation.
How much can you invest in platinum? The person in charge stated that the investment threshold for platinum is low. The starting point for ICBC’s RMB account platinum is 1 gram, and the US dollar account’s platinum starting point is 0.01 ounces. According to the current market price, the minimum investment in platinum in RMB is only 380 yuan, and the minimum investment in US dollars is only 18 dollars.
Another point of concern in the report is the continued enthusiasm for gold demand by global central banks. Data show that in the second quarter of this year, central banks' net purchases of gold were 69.4 tons, a year-on-year increase of more than four times. WGC said that although the central bank's net buying growth in the second quarter was lower than that in the first quarter of this year, it still set the second highest buying volume since 2009.
On the 14th, the US Federal Reserve announced the third round of quantitative easing monetary policy (QE3) to further support economic recovery and the labor market. QE3's bond purchases are mortgage-backed bonds, which will directly release liquidity in the real estate market, further boost the US real estate market, and inject a booster into the US economy. Looking at the trend, the US launch of QE3 has released liquidity, caused the depreciation of the US dollar, suppressed the US dollar index, and promoted the rise of gold prices. However, in the long run, with the uncertain factors contained in many economies, the bull market in gold prices is still premature.
With an inquiry transaction, there must be a market maker. An industry insider told a reporter from the Morning Post yesterday that only after market makers have accumulated a certain amount of risk, will they hedge their risks through inquiry transactions between market makers. It is basically certain that the market maker model is already in trial operation.
On May 20 and 23, the price of gold and the US dollar rose side by side. The US dollar index rose to 76.36 points on the 23rd, setting a new high for this round of rebound. Nanhua Futures analyst He Wei believes that the U.S. dollar and gold are the two best safeMonex precious metals prices-haven products on the market. Out of concerns about the risk of European debt, investors dumped the euro and bought gold and the U.S. dollar. Therefore, the two are the same. The phenomenon of rising.
The Prime Minister of Greece has announced his resignation this week, and the Prime Minister of Italy may follow in his footsteps. The departure of the two prime ministers shows that the European debt problem is continuing to spread across the European continent, adding to the market's worries about the global economic outlook. Insufficient investor confidence has prompted the withdrawal of funds, putting huge pressure on the investment market. The hedging function of gold has been highlighted in the crisis, and international spot gold has oscillated and hit the $1,800 per ounce mark. Domestic spot gold also climbed to around 365 yuan/g and oscillated.