Affected By Geopolitical Crisis, Gold Returns To The Top 1300.

< p > here the world is < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes < < hat net "Xiaobian introduced to you is geopolitical crisis fueled, gold returns to the top 1300.

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< p > 4 to 8 weeks ago, there was a risk aversion in the precious metal market. Although the announcement of non-agricultural data once raised the market's expectations for the Fed's rate hike, the gold (1310.20, -0.80, -0.06%) market withstood pressure and returned to 1300 dollars / ounce on the back of the risk avoidance effect.

In the near future, we need to pay close attention to the latest developments in the situation of Ukraine and Russia and the war in Iraq, and it is not easy to stop in the near future. Gold is expected to be arranged at the top of 1300 US dollars / ounce. The breakthrough of resistance needs to see the 1320/30 dollar / ounce.

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< p > > strong > two big geopolitical crises diffuse, and gold returns to 1300 < /strong > < /p >.

This week, the US air strikes in Iraq and the tension in the Middle East continued to hold gold prices above $1300. P

Gold prices rose about 1% last week, rising for the first week in a four week period.

US President Obama (Barack Obama) confirmed in the evening of Thursday (August 8th) that he would air attack on the "Islamic state", which is entrenched in northern Iraq, to rescue civilians trapped by its minority religious factions.

Earlier, about 40 thousand Iraqi religious leaders were besieged by militants on a mountain top. Under hot weather, food and drinking water were in desperate danger.

To this end, in addition to air strikes on militants, the US military has begun dropping airing supplies to besieged people.

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White House spokesman Ernest (Josh Earnest) on Friday (August 8th) pointed out that, given that US President Obama has authorized a limited military operation against Iraq's anti government forces, the United States will be expected to provide more military assistance to Iraqi security forces to help them fight off attacks from militants of the Islamic state, but the premise is that the country should set up an effective new government as soon as possible.

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< p > the Russian Defense Ministry said on Friday that the "exercise" activities carried out by its troops near the Ukraine border area have ended. < /p >

< p > the soldiers, fighters and air-to-air missile systems that had previously participated in the maneuver have been withdrawn from positions near the Ukraine border and back to their previous bases.

Earlier this week, NATO officials pointed out that Russia has laid down about 20 thousand heavily armed forces on the border between Russia and Ukraine, making it feared that Russia may take a comprehensive military intervention in Ukraine.

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Prior to "P", Nicola Patrushev, Secretary of the Russian Security Council, said in an interview with Russian news agency on Friday (August 8th) that Russia is ready to become an intermediary between Kiev and the eastern part of Ukraine.

Russia is ready to assist in the negotiation process and will continue to make every effort to ease tensions as soon as possible.

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Under the influence of the above news, the trend of global financial market has reversed the previous pattern of avoiding risk as king. The price of spot gold has dropped from high, and the US stock market has risen strongly. At the same time, European monetary and risk currencies have also strengthened to varying degrees. P

But in general, investor sentiment has not been fully recovered before all kinds of panic factors. Investors still need to be vigilant at the end of the weekend and the uncertainty of geopolitical situation still exists.

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< p > < < a href= > http://www.91se91.com/news/index_s.asp > > investor < /a > Denis gartman said in real time communication on Friday (August 8th) that the fear of another round of military conflict supported the gold price.

Gartman said that the price of gold will go up as the war is about to break out and the war breaks out, because capital will escape from the danger to the gold market.

Gartman still favours Euro denominated gold and yen denominated gold, and the euro denominated gold rises to above 975 euro / ounce, which will further look at 1000 euros / ounce, if geopolitical events are like what the market worried before.

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< p > < strong > Gold upside is blocked, and more gains need to be "stimulated" to stimulate < /strong > /p >

< p > gold is now facing the challenge of short-term key resistance of 1320/1325 US dollars / ounce.

If the Bulls want to go further, they need more geopolitical factors.

On the technical side, gold has succeeded in breaking the high line of pregnancy by $1297 / ounce after being supported by risk aversion, and triggered a short stop.

Maintaining the 200 day moving average and returning to $1300 / oz suggest a short-term dominance.

After a long break through the 1310/1312 resistance zone, the price will turn to support, and the upward pressure 1320/1325 is still relatively obvious. Investors need more panic to buy gold.

TD index is currently in the third bullish signal, and TDMA support prototype is also emerging, so the aftermarket shock upward probability is larger.

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< p > spot silver (19.86, -0.08, -0.40%) has rebounded with gold, but its strength is obviously weaker.

The early support of $20.20 / ounce is a major drag, unless the head goes back to the price, otherwise the overall trend is weak.

It is worth noting that silver also has a pregnancy line combination, so if it breaks 20.20, there may be a small market.

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P TD TD Securities commented that silver has rebounded to geopolitical concerns on top of the 100 day moving average, but is still vulnerable to a sell-off, because if the Fed suggests tightening the loose environment, the price of gold will slide, and the geopolitical situation may also be alleviated to some extent.

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< p > the bank said that the drop in demand for physical silver investment, the technical factors and the recent reduction in the position of fund derivatives could easily force silver prices to fall to just over 18.50 US dollars / ounce level.

However, the bank also said that even if gold market sentiment was softened by the Fed's tightening of monetary policy expectations, silver prices would not likely fall to $17.50 / ounce this year.

The bank said that the US economy has recently seen better than expected figures. In July, a new round of silver bar sales remained weak in major markets. The market thought that the big correction of silver on Tuesday was believed to be possible in the near future.

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David Govett, head of the precious metals department of P Marex Spectron, said that the price of gold was rising as a result of the shooting down of a Ukraine fighter plane overnight. Meanwhile, US President Obama authorized air strikes in northern Iraq, and the ceasefire in Gaza Strip also ended.

In a word, all of this is almost a perfect storm for gold.

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< p > strong > global central bank [micro-blog] is still increasing gold holdings, and is still supporting gold demand < /strong > /p >

< p > International Monetary Fund [micro-blog] (IMF[micro-blog) pointed out in its recent international financial statistics report that Russia increased its holdings of 16.8 tons of gold to 1094.8 tons in June.

IMF data show that, in fact, most central banks are increasing gold reserves.

Russia, Mexico, Kazakhstan, Kyrgyzstan, Tajikistan and Serbia, Greece and Ecuador all increased their holdings of gold in June.

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< p > from the first quarter of 2009 to the first quarter of 2014, Russia's gold reserves almost doubled to 1040.71 tons, while the central bank's gold reserve increased by 56% to 557 tons in India.

China's gold reserves increased by 75% to 1054 tons, which is still the level of 2009. It is said that China's gold reserves are much higher than official data.

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< p > 2013, the price of gold fell sharply, and the central bank bought gold to the highest level in the half century.

By the end of 2013, gold held by central banks was estimated at 30500 tons, accounting for 1/5 of the total gold mining in the world.

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In addition to Russia, the Central Bank of Turkey and Mexico, Philippines and Kazakhstan bought a lot of gold in 2013, and South Korea and Indonesia were also big buyers. < p >

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< p > in the first half of 2014, the world central bank bought 113 tons of gold, and Russia, Iraq and Kazakhstan bought more.

Even if the US economy is improving, the Central Bank of the world looks at news from the perspective of scrutiny.

While the Fed talks about raising interest rates to curb inflation, the ECB is cutting interest rates and there is a risk of instability in the financial markets.

Analysts pointed out that the opposite trend appeared in the financial market. There were other drastic changes in the world, and uncertainty in the gold market increased.

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"P > the tense relationship between Russia and Ukraine, the insurgency, the conflict between Israel and Palestine, the Iraqi crisis and other uncertain events continue to develop. The central bank will not consider stopping buying gold at present.

Hedging is still supporting the demand of < a href= "http://www.91se91.com/news/index_cj.asp > > Gold < /a >.

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