Gold Prices Remain High After Market Attention

Kevin Logan, the chief American economist at HSBC Holdings, expects that the Federal Open Market Committee (FOMC) is likely to increase interest rates in September 2015. It is worth mentioning that, Federal Reserve The minutes of the March monetary policy conference will be released on Wednesday (April 8th).

In the near future, gold market It seems to be testing the support of the 50 hour average line position (currently cut in at 1214.92 US dollars / ounce). The short-term support position of gold price is 1207.07 US dollars / ounce (100 hour average cut in position), 1200.45 US dollars / ounce (200 hour average line cut in position), 1200 US dollars / ounce. Gateway And $1199.10 / ounce (from November 2014 to January 2015 the 38.1% rise of the rally); gold prices were hampered by 1219.80 US dollars / ounce (50% Fibonacci callbacks) and 1232.98 US dollars / ounce (200 day average cut in position).

The HSBC Holdings analyst team believes that in the United States March non farm employment report released last Friday (April 3rd) to support the gold market, and New York Fed chairman Dudley (William Dudley) released Monday (April 6th) dove speech (to ease monetary policy), the gold market has further potential.

In a research report released on Monday afternoon, the analyst team pointed out that gold prices cut from the 50 day moving average of the technology to break the 1209 day US dollar / ounce and the 1212 US / ounce 100 day moving average, which may attract more interest and kinetic energy for the gold market. Besides, the weakening of the US dollar is basically good for the gold market, and the gold market is expected to rebound further. The analysts say the gold market is very sensitive to the expected changes in monetary policy. Many observers in the US are talking about when the US Federal Reserve (FED) will start raising interest rates when the US non farm employment report is worse than expected in March.

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China's economy is showing four unprecedented new developments ever seen:

First, China participated in the third industrial revolution in the first time as a country of origin and dominance, namely the Internet economy. China also began to lead the US in high-tech fields such as high-speed rail, supercomputers and new energy vehicles. 15% of Companies in Shenzhen's GEM listed in the prospectus that a technology and product had reached the highest level in the world.

Second, China's capital market will become the most active 10 years in the next 10 years, with the largest number of IPO and the fastest growth of vc/pe.

Along the third, first roads and the implementation of the Silk Road Economic Strategy, China has participated in the reconstruction of the international economic order for the first time, especially the Asian investment bank.

Fourth, China is showing an unprecedented 1 billion 300 million business start-up and innovation.

In today's Guoxin Securities strategy and private placement summit held in 2015, Chen Hong Qiao, President of Guoxin Securities, made the above remarks in the keynote speech "welcome to the new era of new wealth and investment banking".