The global financial market is turbulent, accompanied by currency wars in various countries, and driven by risk aversion, there are signs that central banks in many countries have increased their gold holdings. The bullish gold price has repeatedly broken recorkitco precious metals futures pricesd highs, triggering market commentators to call some countries again. Should return to the gold standard so that its currency can be linked to the value of gold.
Since the European and American economies are still a long way from recovery, investors are walking on thin ice, and funds are diverted from the stock market, real estate, and bond markets. Safe-haven products such as gold, Canadian dollars, Swiss francs and Australian dollars are therefore sought after by the market. The author believes that the following major factors have suppressed European, American and global investment markets, causing the stock and foreign exchange markets to be filled with haze.
From the continuous rise in silver prices in March to the sharp drop in silver prices since May, the silver T+D transaction made the speculation syndicated lose everything. Despite the ups and downs in silver prices this year, this has not affected investors' enthusiasm for investing in precious metals. The latest statistics of Shanghai Pudong Development Bank show that the bank's precious metal trading volume has reached a new high, and the gold trading volume in the first six months of this year has reached 11 times that of the entire year of last year.
The silver futures price for delivery in December rose 1.408 US dollars to close at 33.052 US dollars per ounce, an increase of 4.45%. The price of platinum futures for January delivery rose 26.8 US dollars an ounce to close at 1568.8 US dollars, an increase of 1.7%.
WGC quoted the conclusion of Dr. Kannan, chief adviser to the Bank of India, saying that India's gold demand is not only influenced by the price of gold, but also by macroeconomics, monetary policy, income, interest rates, exchange rates, taxes, government spending and public wealth. Even if the price of gold in Indian rupees has risen by 400% in the past 10 years, the country's gold demand shows no signs of decline. With the increase of personal wealth, Indians will also buy gold at the same time as the price of gold rises.
But two months later, he discovered that the company actually consisted of several computers and phones, rented in an office in the Phoenix Building in Futian. Like him, the other three staff members are all college students who have just graduakitco precious metals futures pricested. And his job content is to purchase customer phone information through various methods, and then distribute it to other salespersons, who will contact customers through QQ and MSN to promote the content of foreign exchange gold margin trading.
Nichols added that this is just the beginning of a further rise in gold. This round of gains will most likely help the price of gold rise to $2,000 per ounce in 2012. After that, gold still has the potential to rise, possibly from 2015 to 2020. Between the rise to 3000 US dollars, 4000 US dollars, or even 5000 US dollars per ounce level.