Analysis from the bullion Vault and guest post – gold news
Dollar lows against euro new 3.3% may drop this week in London, gold prices Thursday lunchtime, 2012 slid low, stocks rose again to fall by half.
Euro area investors Wednesday worked the European Central Bank Greece Bank in some confirmation, believes that solvent – gold prices above last week’s rise is down – low 1.9% level of trade to close.
Portugal Diario Economico newspaper, ECB and IMF missions from the European Union that its € insisted on visiting the Lisbon to discuss the contigency evaluates 78 Yen bail must be to exit the Greece, a single currency plan.
Greece swore today and in 6/17 in the interim cabinet scholar, lawyer, diplomat, pending fresh elections.
New Finance Minister of France, Pierre Moscovici, Françoise hollande said today the Socialist Government in the fiscal pact of the European Union ratified the agreement and 25 will last December not to 27 Member States.
While buying the debt of the three years of the new auction Spain to yield for investors 4.37% 2.89 only last month from charging % requested.
“The gold price relative intensity of extreme oversold is approaching overbought territory” from Nova Scotia bullion Bank Mocatta said the latest technical notes “still no signs of a change in trend”
“Gold is definitely oversold overbought territory in December and not some good buying interest low must be” Bloomberg quotes-Dong Zhuying sea Dori futures stock
Peel the level after “say in 1525, Ed Meir Intl FC stone $ support near the loss” if not in the “short-covering a decent amount of bearishness of traders gold price Wednesday” is fresh buy “saw.
European stock markets fell again Thursday, as you may lose the value of 11 8 session of Madrid’s IBEX 35 so far, fresh 9-year-old low-to index.
US Treasury bonds, and of was reversing initial dip, Germany embankment, fine-tune the borrowing costs 10 years back to the bottom of both Governments.
Crude oil is six months, low, near the United States energy stockpiles more held the new data since 1990 supply a plethora of Wednesday after more time than.
“If you see fragmentation in the euro area, especially money, shelter’d” starts this morning, market development group’s latest gold demand trends report Marcus grabs Bloomberg TV in the World Gold Council said.
“For trying to get the depreciation of the currency, and get inflation in some countries, others… as deflation hedge by and. Kim attribute front coming refers. ?
Says reports 38% value 1-3 quarter dollar and 13% of the weight of the World Gold investment demand rise from last year to the first quarter of 2012. Interview with grabs says plays are gold India now underpined China to catch up in two large markets in the jewellery sector, as well as Reuters Thursday morning.
“Is on the rise in China per gram consumption rate is. “
Recognized as the foremost global demand and supply analysis, World Gold Council China Gold demand again Q1 of 2012 India say beat.
“The overall is China’s largest gold market, first time going to see at the end of this year,” believe that grab. “Growth is 7-8% range still in worth to remember that. So we strongly believe the money to buy them and have gotten wealthy people.
Beijing last month has halved the percentage of imports prices for gold jewelry. Up to now to 2012, quadruples import tax India gold bullion.
Using CNY36.3 yen Wednesday last weekend cut post-reform China International House Council – enabling commercial bank, lend cash deposit details to ease the credit – China’s Central Bank reserve ratio requirements ($ 5 United Kingdom) large household purchases of electrical items, vehicles and energy saving light bulbs-auxiliary next 12 months.
Despite the reduction in reserve requirements, but financing by China’s four largest banks “flat so far this month” and has been Shanghai Securities journal.
Both central and commercial banks sellers foreign currency in April, said people’s Bank of China this week, indicating a capital outflow.
12 Months, China’s trade surplus, the financial times according to the referenced data been halved from a peak of above $ 300 early 2009.
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BullionVault, 5/17/12
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