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Gold Prices Rose 1.9% To $1797.30 On Friday.

2011/8/27 9:06:00 26

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On the morning of August 27th, Beijing, Bernanke, chairman of the Federal Reserve, made a public speech on Friday, though it did not give any new round.

Quantification

The implication of the easing measures is that it will discuss new economic stimulus measures at the end of next month's interest rate decision conference. Although investors are optimistic about the outlook for the US economy, gold prices will rise on that day and the main gold contract will be closed at $1797.30 an ounce.

The New York Mercantile Exchange's main gold contract in December rose 34.10 U.S. dollars to close at $1797.30 an ounce, or 1.9%.

The contract rose today for second consecutive trading days, but the price of gold fell by 3% in a week as the two trading days approached the price adjustment of 200 US dollars earlier.

The main contract is on Friday.

paction

The final period rose to $1809.70 an ounce and continued to rise by $12.50 in the intraday trading session.

Steve Evenson, chief executive of Asset Management Co, believes that "the lowest price of gold this week is less than 7% less than the price record. I don't think this is a big drop" in Steven Evanson.

In his client's report, he pointed out that the Dow Jones Industrial Average fell by more than 12% compared to its recent high position, which was more than 20% higher than that of the end of 2007. "If gold is a stock, the 7% gap this week will not be noticed by traders."

Bernanke, the chairman of the Federal Reserve, who has attracted much attention, released his speech on Friday at the world bank central bankers' economic seminar.

In his speech, Bernanke made it clear that any discussion on loose options for available currencies would be postponed until the next month's decision meeting of the Federal Open Market Committee.

Bernanke also said that the September meeting will be extended to 20 and 21 days, two days, in order to make a comprehensive assessment of the advantages and disadvantages of further easing measures.

Frank Lesh, an analyst at Chicago traders futures trading company, pointed out that the gold market showed that investors had "little disappointment" with Bernanke for not offering any stimulus measures, but the recent fall in gold prices provided some support for Frank Lesh.

He said gold could be adjusted in the next few trading days, "we have too many bets in it, too fast, and when it gets too fast, it usually can't last."

In a speech on Friday, Bernanke said it is difficult to judge the near future.

equity market

Turmoil, the US debt ceiling negotiations and the euro zone debt crisis will have an impact on the US economy, but the US economic outlook is relatively optimistic.

Bernanke said the Fed expects the "mild recovery" to continue and strengthen over time.

In terms of other metals, silver rose 21 cents in September, closing at $40.95 an ounce, or 0.5%, a drop of 3.5% in a week, and 2 cents in September, at 4.10 dollars per pound, up 0.5%, a 2.9% increase in the week.

Palladium rose $5.20 in September, closing at $756.35 an ounce, or 0.7%, up 1% in the week. Platinum rose 4.50 dollars in October, at $1826.90 an ounce, a 2.6% decline in a week.