Inflationary pressures turn gold prices up

Last week, the price of gold rose first and then rose. Before the Japanese earthquake and tsunami and nuclear leakage triggered a sharp fall in global stock markets, some investment funds ** took a certain percentage of gold assets to make profits and mobilize funds to make up for losses in the stock market. After sustained decline at the beginning of the week, it was supported in the vicinity of 1380 US dollars. Then European Central Bank President Jean-Claude Trichet reiterated that the anti-inflation attitude caused the market to raise interest rates on the euro. At the same time, the political situation in the Middle East and North Africa regions has become increasingly chaotic, and many factors have stimulated the hedging again. Buying emerged from the precious metals market, which pushed the price of gold back to a big rebound in the second half of last week and recovered most of the losses. The highest price of gold last week was $1431.3 per ounce, and the lowest was $1380.7 per ounce, which was close at $1418.6 per ounce, a slight rebound of $0.9 from the previous Friday's $1417.7 per ounce, and the week-on-year increase of 0.06%. The weekly K line graphic showed a At the ten-week moving average, we have to support the five-week moving average to return to the lower Yinxian. Last week, the price of hardware was as high as 1423.8 US dollars per ounce, the lowest 1401.9 US dollars per ounce, to close at 1418.6 US dollars per ounce, a sharp rebound from the previous trading day of 14.9 US dollars, an increase of 1.06%, the Japanese K line shows a dense area in the daily average The long-term rebounded upwards lead the Zhongyang line.

The magnitude 9 earthquake that hit Japan on March 11 was a shock to the world. The tsunami and the nuclear crisis triggered by the earthquake made the market “popular”. With the rapid increase in radiation around several units at the Fukushima nuclear power plant last week, the international The IAEA stated that although the current situation of Japan's “out of control” is not yet exact, the situation is very serious”. U.S. Secretary of Energy Zhu Yuwen warned that the explosion of Japan’s nuclear facilities had destroyed the protective layer of the facility and local melting had taken place. However, the Japanese nuclear facilities have a control system that can prevent leaks. Local melting does not mean that the control system has failed. Zhu Xiwen’s speech triggered a strong market concern, and the yen was boosted by the demand for hedging and hitting a record high. Due to the continuous development of Japan’s nuclear crisis, speculators have noted that there may be a large amount of funds that need to be remitted back to Japan, and that global commodities such as stocks and gold crude oil have suffered a certain degree of selling. However, at the end of last week, Tokyo Electric Power Co., Ltd. stated that the amount of radiation around the nuclear power plant “slightly declined”, but it is still uncertain whether a favorable trend can be formed. The staff is also stepping up the operation of the cooling power supply of the nuclear power station, which has somewhat eased the market’s Panic sentiment, coupled with the G7 joint intervention to intervene in the yen's upward trend, gold assets have encountered selling pressure.

The European Central Bank (ECB) said on Friday that the euro area’s current account deficit narrowed substantially in January and recorded its lowest deficit level since January 2010. The official data released by the Eurostat on Friday showed that the trade deficit in the euro area reached a record high in January 2011, which was mainly due to an increase in imports and a significant drop in exports. The seasonally adjusted trade deficit in the euro zone in January expanded to 14.8 billion euros, the highest level since January 1999. Last December was a deficit of 500 million euros.

The Federal Reserve (FED) announced the second interest rate resolution and policy statement of the current year on Tuesday. As expected, interest rates and quantitative easing policies remain unchanged, but the Fed's wording on the economy has further improved, and the inflation of energy and food prices may cause inflation. Risk warned.

Concerned about this week's important data and events, Monday's US NAR in February after the seasonally adjusted housing sales; Tuesday's US March Richmond Fed manufacturing index; Wednesday's euro zone January industrial orders, the United States in February new homes Annual sales total; Thursday's US durable goods orders in February, the United States last quarter adjusted for unemployment benefits last week; Friday's March German Ifo business climate index, the United States fourth quarter final real GDP, the United States in March University of Michigan consumer confidence index final value.

The People's Bank of China (PBOC) stated on March 18 that starting from March 25, 2011, the deposit reserve ratio for deposit-taking financial institutions will be raised by 50 basis points. This is the 9th time the central bank has raised the deposit reserve ratio since 2010, and the reserve ratio of large commercial banks has reached a historical high of 20%. The Fed’s interest rate statement last week also admitted that the economy has improved, and recognized that rising energy and commodity prices have brought inflationary pressures. The European Central Bank (ECB) President Trichet also said in recent days that it will maintain a high degree of vigilance on inflation, Trichet reiterated that the anti-inflation attitude further triggered the market's expectations of the euro to raise interest rates. Central bank organizations from major countries and regions around the world have revealed relevant remarks and measures on the rising inflationary pressures. The rising global inflationary pressure has brought continued strong buying support to gold prices. The increased political chaos in the Middle East and North Africa region inflicted another strong buying momentum on the price of gold, allowing the price of gold to emerge from the decadent impact of the Great Earthquake in Japan and return to an overall upward grid situation. From a technical point of view, the gold price was firmly supported in the vicinity of 1,380 US dollars, and stood back above the important integer mark of 1,400 US dollars. It has successfully declared that the previous wave of adjustment has temporarily come to an end. The pressure threshold for recovering the rebounding gold price extremely important challenge is in the vicinity of US$1430. Only after a successful breakthrough will the gold price have the opportunity to challenge once again the historical high of US$1444.6 that was refreshed in early March, once the historical record is refreshed again. After that, the price of gold is expected to enter a period of rapid upswing.

PP Seat Cover

Various designs of PP seat cover and plastic toilet seat for customers to choose. Have 20 years experience of sanitary wer production, can provide competitive price and control quality well.

Direct factory with professional R&D department, product range covers Smart Toilet, Bidet cover, toilet seat, tank fittings, flush tank, flush valves, and Intelligent Toilet.

Pp Seat Cover,Pp Toilet Seat,Plastic Toilet Cover,Toilet Lid Cover

XIAMEN JIEENTE IMPORT AND EXPORT CO.,LTD , https://www.xiamenjieente.com

Posted on