by the continuous decline in international oil prices affect the international and domestic gold fell to yesterday. Among them, following the international gold fell below 800 U.S. dollars last Friday, yesterday once again fell below 800 U.S. dollars, a day or even the minimum 784 U.S. dollars fell near the domestic Shanghai Gold Exchange, the main varieties are all down, Au99.95 gold was at At 174.15 yuan / g, fell 3.44 yuan, Au99.99 gold closed at 174.16 yuan / g, fell 3.90 yuan. Experts said that the second half of the gold (Information, Quotes) demand season, the end of gold will rise.
Gold fell mainly by the drop in oil prices Lianlei. The industry, in the international market, oil and gold is often Qi Zhang Qi fall. The Organization of Petroleum Exporting Countries announced Monday the data shows that last week, OPEC market monitoring crude oil average price package of 109.73 U.S. dollars a barrel, compared to the previous week down 6.16 U.S. dollars, OPEC average oil price for the sixth consecutive weekly decline. Data showed last week, OPEC average oil prices than the first week of July of this year hit 138.31 U.S. dollars per barrel of OPEC oil prices fell a record high of 28.58 U.S. dollars, or up to 20 percent.
Sharon?s foreign exchange at night and open the afternoon edition, more exciting oil prices hit the stock market fell below 112
Blackstone chopped waist of iron have been breaking the Russian central bank will consider allowing the ruble delinked from the Chinese real estate is hot money Chaodi ulterior speculation dollars to buy the political arena to be ultra-serious repair the worst financial crisis in the real estate led moment Shen Wei Zhi pie actually traps on underground margin is understood that gold from March 17 this year, the highest point of 1030.80 U.S. dollars an ounce, down The recent low of 773 U.S. dollars, has accumulated a 25 percent drop, this downward trend will continue this ? Beijing Gold Economic Development Research Center Fellow Tan Wei-hwan believes that the current gold?s rapid decline, the market is selling the large number of speculators and does not represent the real gold market supply and demand relations, the international gold market, the total annual trading volume to remain broadly in about 4,000 tons , And from the demand perspective, each of the second half of the international gold demand season.
Tan Wei-hwan said that India ranked as the Festival of Lights, the Western Christmas and the Chinese Lunar New Year coming, gold demand will be increasingly robust. Therefore, from the fundamentals of gold, gold will inevitably end up
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By: Federink
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