International gold prices have risen steadily.
Due to the large inflow of funds into the gold market, the trend of gold prices has strengthened during the long holiday. Last Friday, the international gold price in the London market rose to a three-month high, and spot gold once rose 18. 13 USD to 926.78 USD/oz. In April last year, the price of gold futures rose by 16.8 USD to 923.30 USD per ounce, with an increase of 1.9%. Meanwhile, the settlement price of the New York Mercantile Exchange gold futures rose by $265,438+$0.90 to $928.40 per ounce in April last year.
Analysts said that investors are worried about the global banking system, the stock market is weak, and the market is worried that the global economic stimulus measures will eventually lead to inflation or even currency depreciation. Gold, as the most common choice of hedging tools, has triggered a continuous inflow of hedging buying.
The price of gold is expected to break through 1000 again this year.
Since 200 1, the price of gold has risen for seven consecutive years. Last year, the price of gold fluctuated greatly with the international financial market, from more than $0/000 per ounce to $750, but it began to rise to a high of $900 at the end of last year.
During the annual meeting of the World Economic Forum in Davos, the chairman of barrick Company, the world's largest gold producer, said that investors' "anxiety" would push the price of gold to more than $0/1,000 per ounce, which would undoubtedly increase the confidence of gold bulls.
Wang, chief analyst of Gaosaier Gold and Silver Co., Ltd., believes that the average price of spot gold in 2009 may be around 1 1,000 USD/oz, with a high point around 1 1,350 USD/oz and a low point around 750 USD/oz.