Gold prices inside and outside together strong fundamentals continue to support

Last week to undertake a strong rise in international gold momentum, the Shanghai yesterday all rose. Shanghai Futures Exchange main December gold contract closed at 212.22 yuan / gram. From the outside set, gold in the short-term or 950 U.S. dollars / oz about consolidation. The industry believes that the technical correction was a short-term needs, but the market atmosphere warmer, the third quarter of the Abundant trend will not change, gold is expected to challenge pre-high.

The domestic gold futures sharply higher yesterday, Tiaokong rate of 2 percent, one stroke broke the 209 to 212 yuan of the four integral juncture. Shanghai followed a day to maintain the high shocks, the major contracts stabilize in the top 212 yuan, to give great confidence in long, long afternoon buying increased noticeably. Shanghai to close at the end of 0812 was 212.22 yuan, rose last week to settle at 5 4.07 yuan / g, or 1.96 percent, hand positions by 1366.


Fundamentals to promote gold

Shanghai Gold up all its power from the US-gold in last Friday for 950 and 960 U.S. dollars breakthrough juncture. In this round of the gold rally, the market that there are two reasons: First, Iran test-fired missiles on the international gold market hedging demand triggered the second is Earlier reports said the U.S. government is considering to take over Fannie Mae and premises of the United States, the United States, Loan-to-recurrence of the haze crisis, gold as a "ultimate assets" will certainly sought after by investors. Fannie Mae on the premises and the United States experienced the crisis at the same time, the U.S. mortgage giant IndyMac Bank credit crunch because of state, such as multiple suppressing prices fell, on the 11th by the U.S. Office of Thrift Supervision to take over, this is also the second largest in U.S. history was closed Financial institutions. No doubt the news will have a stronger supporting gold.

"This week is the price indices for weeks, Europe and the United States and China's CPI would have been announced, which will also boost gold," gold-futures researcher at the way the rich and powerful that as oil prices soared earlier, the statistics on all fronts , This wave of price increase will be high, the gold like this is a big positive. "China's CPI up or lower, but Europe and the United States absolute value or more, so this data would be more effective stimulus."

Experts said that this round of the disc is expected to rise again to 1,000 U.S. dollars Mogao historical juncture, due to exchange rate reasons, or the disk will be smaller than the disk, but is expected into the 225 yuan / g above. Shanghai launched at the beginning of King Kong, in this juncture, a brief stay.

"In addition, Hong Kong will be launched in October this year, gold futures, the market will be formed with the previous period before the launch of a similar atmosphere." Rich and powerful way that the market has been uplifting atmosphere, the entire third quarter should be more oriented to look at .

Currently, gold investment demand is still strong. According to statistics, the world's largest publicly traded gold funds street Tracks of gold holdings have exceeded 700 tons mark, as at last Friday of the fund for 705.9 tons of gold. Last week, an increase of a total of 47 tons of gold holdings, as the biggest ever week of overweight.


Short-term or lower demand

The industry said that the recent price gains have been large, the risk of short-term pullback is being accumulated, set in gold in the 950 U.S. dollars / oz consolidation of the possibility of greater, so investors need to beware of this.

"The dollar index rebounded yesterday, the market for the U.S. government's initiatives to save the market has some positive reaction." Rich and powerful way that the previous gains due to fierce, so the United States-gold may be in the evening test of 950 U.S. dollars / ounce mark. "Judging from the current market performance, the gold holding 950 U.S. dollars, and the possibility of more consolidation."

There are market participants that because of the continuous Tiaokonggaokai yesterday's Shanghai, 210 yuan in straight Skip the important point, leaving a very large gap Tiaokong, may continue its upward pressure on a certain breakthrough, A short period of time ruled out the possibility of technical correction. "But the domestic gold Tiaokong gap reference value is not too much." Rich and powerful way that not too worried about the gap.

Experts said that the long-term view of the double bottom of the form can confirm that investors continue to remain the major trend upward. If there Huidang investors, investors should buy the dips strategy. At present the short term can be a single space.