Gold Prices Are High, European Gold Bars And Gold Coins Are Sold Out Of &Nbsp, All Central Banks Stop Selling.

According to Xinhua news agency, the US and European economic recovery is weak, and the US dollar and the euro are weakening.

Against this background, it has soared all the way.

In September of this year, gold futures prices on the New York Mercantile Exchange hit a record high of about 5%.

At present, gold futures prices have exceeded the $1300 mark per ounce.

Mike Daly, a trader who has traded in gold for more than thirty years, told Xinhua in an interview: "when I first entered the gold trading, the gold price was around 100 dollars. The industry generally believed that 500 dollars per ounce was the gold price insurmountable barrier, but now it is far more than 1000 dollars.

Some people say that gold prices will break through the $1500 mark this year, and some say that the price of US $2500 will become history next year.

I initially predict that gold prices will not face any significant pressure of callback before breaking through the US $1500 mark.

The US Federal Reserve issued a statement shortly ago that, in view of the slowdown in the US economic recovery in recent months, it will continue to maintain ultra-low interest rates and, if necessary, take further measures to stimulate economic recovery.

The statement is interpreted by the market as the possibility of a resumption of quantitative easing by the Fed.

In addition, a series of bad economic data in the US continued to suppress the US dollar exchange rate.

Market worries about excess liquidity stimulate investors to return to tangible assets such as gold and silver to hedge risks.

As the long and popular reserve currencies such as the US dollar and the euro have been snubbed, gold has risen again as a "hard currency" of natural money.

At the same time, the depreciation of the US dollar makes the gold denominated in US dollars cheaper for foreign investors.

It can be said that the increase in the price of gold is related to investors' worries about the huge inflation that may be caused by the huge amounts of money that countries have to cope with in the financial crisis.

In addition, natural disasters frequently occurred in the world's main grain producing areas this year, resulting in massive reduction in grain prices and soaring inflation expectations.

As the best tool to hedge inflation risk, gold is naturally sought after by investors.

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Gold price rises to

355 yuan per gram history high

During the National Day golden week, as expected before the investment version of this newspaper, international gold prices rose further, and the price of Guangzhou thousand gold reached a new high of 355 yuan per gram (excluding processing fees). The price of some downtown shopping malls was as high as 360 yuan per gram.

But unlike the previous years when prices were raised, no one was interested in the scene. During the national day, Guangzhou residents were used to high priced gold, and the gold intensity of shopping malls was not greatly affected.

The reporter himself visited the gold jewelry counter of Dongshan Department store and found that they sold 12 10 grams of gold bars and 4 50 grams of gold bars in the morning of October 3rd.

According to the counter, it was more hot in October 1st and 2.

Hollowed out gold bracelets and necklaces are in line with this year's fashion trend and are lightweight. They become the most popular gold ornaments during the national day.

There is a large number of citizens who buy gold for their own use and invest. They believe that although gold prices are at a high level, there is still room for appreciation from the long term, and the value preservation function is very strong.

European gold coins are sold out of stock.

All countries

On the eve of national day, the international gold price has been refreshed for three consecutive days, and 2 to 1314 dollars / ounce.

In the gold bull market of 2010, the number of investors pursuing gold surged. Almost all European central banks stopped selling gold, gold bars and gold coins were sold out of stock.

In the United States, buffalo gold coins made of pure gold have been sold out many times, and sales of Eagle gold coins have been climbing steadily. This year, the sales record for 11 years has been refreshed three times.