Is The Gold Price Rising Strongly, Is It A Technical Rebound Or A "Strong" Standard?

< p > international gold price has risen for two weeks, which is rare in the past half a year, and the increase is quite surprising. Insiders said that although the Federal Reserve's quantitative easing QE has a lot of flexibility in reducing and exiting, with the US economic recovery, gold (1333.20, -2.80, -0.21%) will gradually increase in pressure. At present, gold price is a technical rebound, even though it has exceeded 1300 US dollars per ounce, its space is also very limited. < /p >
< p > gold price continued to rise for two weeks < /p >.
< p > last week (up to July 19th), Bernanke said it would not set a timetable for the contraction of the debt purchase plan. The benefits of gold showed a small rebound. From the US economic data, retail sales and new housing starts were not as good as expected, and the US dollar index remained weak. < /p >
< p > data show that the price of COMEX gold in New York has climbed more than 7% over the past two weeks (as of July 19th). In the 22 Asian market, the intraday price hit a new high of one month to 1323 dollars per ounce. As of yesterday's close, the Shanghai futures exchange gold futures contract 1312 also rose 2.38% to 264.25 yuan per gram. < /p >
< p > for the continuous strong rebound of gold, Jiang Xingchun, general manager of the national yuan futures research and development center, said that the first half of the year is the peak season for gold consumption, and the demand pull gold price has a technical rebound. Secondly, the market has effectively digested the bad factors of QE withdrawal, and the US dollar adjustment led to a comprehensive rebound. < /p >
< p > Jiang Xingchun believes that the Fed is more resolute in its attitude towards QE's withdrawal from the medium-term attitude. But considering the weakness of the economic recovery and the slow decline in the unemployment rate, it has great flexibility in the exit time and mode. This gives the market the expectation that the QE will not quit. The excess liquidity will still affect the rebound of the commodities. Therefore, the US dollar index will be technically adjusted, and the short term of the commodity market will gradually make up for the strong rebound of gold and crude oil. < /p >
< p > from the US dollar index, while the gold price rose for two weeks, the US dollar index also fell in the opposite direction, down from 84.753 to 82.640, a drop of more than 2%. Market participants said the latest US economic data were weaker than expected, making the US dollar index weaker. < /p >
< p > multi force "a gust of wind"? < /p >
< p > in the background of dollar callback, < a > Gold > /a > long rapid counterattack, but market analysts believe that momentum may be just a gust of wind, and its durability is not optimistic. < /p >
According to the P Commodity Futures Trading Commission (CFTC) data, from the opening position, in the week of July 16th, the COMEX total gold holdings increased by 8709 to 440283, and the net non commercial net increased by 6905 to 23642. < /p >
< p > but as of July 19th, the world's largest gold ETF SPDR once again shed 2.71 tons, a record low of four years, indicating that the market is still not optimistic about the future of gold. Shanghai futures analyst Lining believes that Bernanke's latest pigeon rhetoric has contrasted sharply with the QE exit that caused the sharp decline in precious metals prices. The US dollar index has been on the low side and the precious metals have benefited higher. But if the US employment data show a marked improvement in the post market period, the market's expectation or shift will cause greater pressure on the precious metal market. < /p >
< p > on the "precious metals futures forum" and the opening ceremony of the Guangzhou Business Department of Huatai the Great Wall futures held in Guangzhou last Saturday, vice president of easy gold industry and senior gold analyst Liu Yuning also indicated that there is no obvious sign of turning the gold market. He believes that the fall in September 2011 will continue until next March, while March 2014 may be a very important turning point. For the three quarter of this year, he believes that it is a rising trend, but it is possible to form a local high point in the middle of the four quarter and weaken in December. < /p >
< p > > Hua Tai Great Wall Futures Co < a href= "http://sjfzxm.com/news/index_cj.as > > precious metals futures > /a > senior researcher Huang Wei thinks that from January to June, it is good for short selling gold, but from July to November every year is the peak season for gold consumption. Especially in August and September each year, the world's main gold consuming countries are buying gold and selling them on important festivals, so the prices of the gold and gold are easy to rise and fall. < /p >