Negotiate the purchase of gold-term defeat in three days to recover
It was also announced strong growth, while silver-term opportunities for investors to buy gold term coined by the largest three-day decline since the 2008 financial crisis, that on Tuesday, recovered quickly.
New York Mercantile Exchange Comex division, October delivery, gold for the duration of their biggest daily gain since March 2009 on the road to a maximum of 3.91%, USD1, 654.95 one troy ounce late Asian trade transactions.
USD1 657.95 an ounce before trading at 4.15% of the daily maximum was increased to.
Some investors sold the precious metal to raise money to cover losses in other markets, gold prices, the last three trading sessions, fell almost 14%.
However, some of the sharp drop in prices in the euro zone and concerns about the global economic outlook and concerns about the debt crisis of the fall would be more reluctant to bet the traders led to the purchase of negotiation.
Monday, senior politicians EUR440 million from the European financial stability, the European Central Bank ECB funds can be used as collateral for the debt, he said.
Greater role in EFSF are, however, the German parliament Thursday approved an important vote.
There is a good result would allow gold traders "are positioned before the vote on EFSF precious metals, on Monday, reported the global financial services company Commerzbank selloff of dollars and risk appetite up ".
Golden wedding and festival season starts in September and October ahead of the consumers buying gold purchases in India, increased physical demand increases, prices supported.
USD3.365 per pound of copper for December delivery increased by 2:51% for trade in other places in the Comex, silver for December delivery, rose% to trade at 6:07 USD31.79 oz.
Silver Morgan Stanley, "a growing concern for industrial use" and the recent decline attributed to "a small piece of high investor base."
No comments:
Post a Comment