According to Xinhua News Agency, analysts believe that the strength of the US dollar that day and some traders taking profit-taking actions and selling gold futures are the main reasons for the decline in gold futures prices.
On the 27th, for other precious metals, the price of silver futures for March delivery rose by 28.6 cents to close at 17. 136 USD per ounce, with an increase of1.7%; Platinum futures for April delivery rose 1.6 USD to close at 983.3 USD per ounce, with an increase of 0. 16%.
The price of gold is calculated by weight. There are several weighing methods in precious metals and gemstones market. The most commonly used system is the troy system, and one troy ounce is about 31.10g; An ounce is about 28.35 grams. The price of gold is calculated by weight. This price is the dollar price per ounce of gold. The rise in the price of gold will affect the currency prices of some countries.
There are many factors that affect the price of gold, such as: international politics, economic exchange market, interest rates and monetary policies of major European and American countries, the increase or decrease of gold reserves of central banks, the increase or decrease of gold mining costs, the increase or decrease of jewelry gold, etc. According to these factors, investors can make a relatively basic judgment and grasp of the trend of gold prices.
Das Kapital: "Money is gold and silver, and gold and silver are not money", which explains the investment attribute of gold. Gold has long concentrated all its resources in the gold and stock index CFD trading industry of FXCM global gold trading platform. The monthly turnover of gold investment is as high as $30 billion, which shows that it is an independent resource. Gold investment is the most commonly used product for investment preservation and two-way trading in the world, and speculative gold can also simulate trading, so there are many different types of investment gold in the investment market.
Investment and financial management are not guaranteed, and of course gold is the same, similar to stocks. Therefore, foreign exchange and gold trading are financial management after all, and basic knowledge is still needed. Moreover, not all foreign exchange and gold trading companies can choose, and not all investments can be profitable. So the preparation of basic knowledge is very important. The GOLD code is generally XAUUSD or gold. Introduction to gold investment is an investment behavior, and the price of gold is an auxiliary indicator to judge the trend of gold.
The world is still in a relaxed environment. Although QE appears frequently in various countries, its role in promoting the price of gold is declining. The accumulation of multi-atmosphere needs an accumulation process. 20 1 1 In the third quarter, the price of gold rose by about 30% after only two months, forming a huge staged bubble, which ushered in the overall rest process from then to 20 12. With the technical break of 20 12 gold price and the further release of central bank currencies, the bubble of gold and silver prices has been fully digested technically, and it has also been digested by the injection of credit money by central banks. The credit currency bubble is increasing, and even if there is a bubble, the price of gold is digesting or getting smaller.
In 20 13, the global central bank represented by the Federal Reserve will release more money than in 20 12 to stimulate the economy to get out of the downturn as soon as possible. That is to say, the expansion of credit money in 20 13 years is still a process of substantial fermentation of credit money bubble compared with the growth or recovery of the real economy. We are at the center of a new round of currency war, not on the edge. Japan releases 13 trillion yen every month, nearly twice as much as the Federal Reserve, which is a further catalyst for the currency war. In this context, there is no reason not to be optimistic about the gold and silver market after the 20 13 break.
The minutes of the meeting of the Federal Reserve on June 4th, 65438 showed that the Federal Reserve was not confident in QE3. It is only the short-term reaction of the market to the minutes of the Federal Reserve in June 5438+February. Compared with the minutes, we should believe the direct statement made by the Federal Reserve after the interest rate meeting in February and June. The minutes of the meeting show that the differences within the Fed on the quantitative easing target are increasing. The minutes only describe the existence of this difference, but the result is still that the power to maintain ultra-loose quantification is dominant. At least 20 13, even before 20 14, there is no need to worry about the Fed's contraction easing. If "Minute" is described as a narrative recording the Federal Reserve's interest rate meeting in June+February, 5438, then the "statement" after the interest rate meeting in June+February, 5438 undoubtedly represents the "soul" or central idea of this article.
The irrational reaction to the "minutes" of June 5438+February only reflects the negative part relative to the gold market. 20 13 The Federal Reserve's June meeting on interest rates 5438+ 10 almost completely reiterated the views of the February meeting of 13, and once again strengthened the target threshold of the Fed's monetary policy regulation, that is, easing will continue at least until the unemployment rate in the United States drops to 6.5% and the inflation index is lower than 2.5%. Special emphasis is placed on the unemployment rate threshold of 6.5%. Regarding the inflation index, the Fed has indicated that it can tolerate it moderately, which is believed to be true. It is impossible for them to show an irresponsible attitude of ignoring inflation.
According to the data of the Gold Association in the third quarter, the physical demand for gold is not very good. The data of the Gold Association on the physical demand mainly comes from the consumption and production demand in the jewelry and industrial fields, especially the jewelry consumption demand. This kind of physical demand, like the supply of mineral gold in a golden year, is a relatively rigid indicator. But there is also a flexible physical demand, that is, physical investment demand. Once investors find that investing in gold can produce obvious money-making effect, it will stimulate investors to buy gold bars, gold coins and other products for investment, and even jewelry consumption will further intensify. Therefore, the sluggish demand for physical consumption from the Gold Association is not terrible, because 20 13 investors have not discovered the investment value of gold, and once they find it, it will inevitably blow out.
Since 2009, the trend of gold price has been dominated by investment demand, rather than physical consumption demand such as jewelry and industrial gold. Looking at the fundamentals of the gold market, we can keep a close eye on whether the global credit currency bubble is expanding or shrinking relative to the real economy, and we also need to pay attention to whether gold itself has produced an obvious staged bubble, which is the "avenue" for investing in gold.
In 20 13 years, the physical demand and investment demand of gold will change greatly compared with this year. Once the money-making effect of gold is discovered, the investment demand will far exceed the physical consumption demand, which will happen in 20 13 years, although this situation has not been clearly reflected in 20 12 years.