Recently, the dollar's rapid decline triggered sharp rise in market demand for hedging, capital inflows increased significantly Gold City. This drive for higher international price of gold, close to 1000 U.S. dollars mark again.
As of 15:00 Beijing time yesterday, the New York Mercantile Exchange (COMEX) gold rose to above 980 U.S. dollars an ounce, offers 985.9 U.S. dollars, up 7.1 U.S. dollars. Shanghai Futures Exchange, gold closed at 215.02 yuan / gram, up 7.30 yuan, or 3.51 percent.
Statistics show that gold has been since the end of the year 2008 performance, which is far more than other international commodities. Crude oil prices remains in the doldrums after the bubble burst, and the gold was in February this year more than 1000 U.S. dollars an ounce.
The industry have pointed out that after the disintegration of the Bretton Woods system, gold in addition to being used to hedge inflation hedge as the U.S. dollar has also been the main tool. The latest data show that slowing global economic recession, prompted investors to buy gold and high-risk assets, the dollar was also pushed down significantly.
As of 15:00 Beijing time yesterday, the New York Mercantile Exchange (COMEX) gold rose to above 980 U.S. dollars an ounce, offers 985.9 U.S. dollars, up 7.1 U.S. dollars. Shanghai Futures Exchange, gold closed at 215.02 yuan / gram, up 7.30 yuan, or 3.51 percent.
Statistics show that gold has been since the end of the year 2008 performance, which is far more than other international commodities. Crude oil prices remains in the doldrums after the bubble burst, and the gold was in February this year more than 1000 U.S. dollars an ounce.
The industry have pointed out that after the disintegration of the Bretton Woods system, gold in addition to being used to hedge inflation hedge as the U.S. dollar has also been the main tool. The latest data show that slowing global economic recession, prompted investors to buy gold and high-risk assets, the dollar was also pushed down significantly.
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