"Suddenly up and down, soaring and plunging," these two words can be used to describe the recent international gold market. After breaking through the $ 1,900 mark per ounce for the first time, the price of gold suddenly plummeted by $ 200, the largest drop in three years, also hit many investors in the gold price "crazy". After a brief detour, the international gold price has risen again. Under the influence of unfavorable economic data, the price of gold has risen again, hitting the “thousand-nine-point†mark. Why is gold price volatility increasingly elusive? In the “roller coaster†market, how hard is it for investors to “gold rush� According to Xinhua News Agency, Shanghai, September 4th, the international gold price of special power rose "up", and the important economic data highly concerned by the global market was released on the basis of non-agricultural employment data. The "zero growth" of US jobs in August hit a record in September 2010. The worst performance since. The bad economic "report card" quickly hit market confidence, and the major stock markets in Europe and America fell.
In the renewed fear of panic, gold as a turbulent asset "windfall" charm reappears, the New York Mercantile Exchange Gold ** rose 47.8 US dollars that day, or more than 2.6%, to close at 1876 US dollars an ounce, gradually approaching "thousand" The mark is expected to hit the record high once again.
The recent gold market can be described as "thrilling." In the past week or so, gold prices have historically broken through 1,900 U.S. dollars per ounce since August 23, and have experienced the largest one-day decline in three years without warning on the 24th. They have dropped by 200 U.S. dollars in two days, and have tested 1700 U.S. dollars per ounce. The recent low of the dollar. However, it is dramatic that the price of gold has rapidly rebounded. It has quickly reached the "thousand-eighth" mark and hovered around $1825 per ounce. When the bad non-agricultural data came out, the price of gold was in a disappointment. Flying into the sky.
Why does Gold suffer a "roller coaster"?
When the financial market was in turmoil, gold was thriving. However, the bullish gold prices have continued to show ups and downs in the “roller coaster†market, making gold the most attractive yet scary investment. Why did such a change occur?
Jiang Shu, an analyst at Gold and Industrial Bank, pointed out that investors are uneasy because they observe that while the price of gold has risen sharply, the dollar has been relatively stable, indicating that the current price of gold is mainly dependent on the spread of panic. However, irrational panic cannot be viewed as a reliable investment basis, resulting in gold's "roller coaster" market.
Heng Sheng Chase gold analysis teacher Zu Sheng believes that the recent international gold price surge, it can be said that market sentiment is dominant, because the fundamentals of the international economy has not changed, but the market sentiment to guide the direction of capital, determines the price of gold rose drop. If unfavorable economic data emerges, safe-haven demand will quickly gather and drastically push up the price of gold. However, the normal technical correction after the surge in gold price will also be caused by the decline in panic, resulting in a plunge. “The price of gold rose blindly and chased it high. When gold prices fell, they feared leaving the market. The uneasy attitude of investors has exacerbated recent fluctuations in gold prices from a certain perspective.â€
The main point of speculation in the big ups and downs is to avoid the inherent mentality of “buying up and not buying downâ€. In the investment market, the trading habit of “buying up or not buying down†is relatively common. Especially in the domestic gold investment market, after the international gold price broke the historical high level in the early period, the market has not only declined due to the high gold price, but has appeared the hot market in the off-season. In some areas, many small-spec investment gold bars have even appeared out of stock.
Second, it is necessary to abandon the idea of ​​“making a fortune overnight†through speculation. In the recent gold soaring slump, there have been stories of speculators getting rich through speculation, but for ordinary investors, do not be lured by the soaring price of gold and engage in derivatives transactions that they are not familiar with. You may be exposed to excess risk.
Third, we must pay attention to the direction of the gold physical demand market. Gao Huijie, chairman of Shanghai Huatong Platinum and Silver Market, said that the actual increase in the price of gold is in line with physical demand. There is a risk of bubbles in the price rise caused by speculation in the derivatives market. There are great risks. Investors should pay attention to the current actual demand for precious metals. Don't blindly follow the trend, so the stability of investment will be greatly enhanced.
The voice of the current global gold market is still very solid support. In addition to the increasingly uncertain global economic recovery situation, the inflationary pressures of various economies are still increasing. The real factor driving the higher gold price is the current international currency system is exposed. The problem is getting more and more serious. The rapid decline in the purchasing power caused by the oversupply of credit money has led to a stronger gold "hard currency".
Mainland China analyst Shi Liang said non-agricultural employment data are the core data of the U.S. economy. Employment levels directly affect economic policies and the macro environment. The lower-than-expected employment data this month means that the U.S. economy is facing further weakness. It also reinforced the expectation of the third round of quantitative easing policies that were widely speculated in the market. The “print printing†effect is very direct to gold, and gold prices may still soar.
In the renewed fear of panic, gold as a turbulent asset "windfall" charm reappears, the New York Mercantile Exchange Gold ** rose 47.8 US dollars that day, or more than 2.6%, to close at 1876 US dollars an ounce, gradually approaching "thousand" The mark is expected to hit the record high once again.
The recent gold market can be described as "thrilling." In the past week or so, gold prices have historically broken through 1,900 U.S. dollars per ounce since August 23, and have experienced the largest one-day decline in three years without warning on the 24th. They have dropped by 200 U.S. dollars in two days, and have tested 1700 U.S. dollars per ounce. The recent low of the dollar. However, it is dramatic that the price of gold has rapidly rebounded. It has quickly reached the "thousand-eighth" mark and hovered around $1825 per ounce. When the bad non-agricultural data came out, the price of gold was in a disappointment. Flying into the sky.
Why does Gold suffer a "roller coaster"?
When the financial market was in turmoil, gold was thriving. However, the bullish gold prices have continued to show ups and downs in the “roller coaster†market, making gold the most attractive yet scary investment. Why did such a change occur?
Jiang Shu, an analyst at Gold and Industrial Bank, pointed out that investors are uneasy because they observe that while the price of gold has risen sharply, the dollar has been relatively stable, indicating that the current price of gold is mainly dependent on the spread of panic. However, irrational panic cannot be viewed as a reliable investment basis, resulting in gold's "roller coaster" market.
Heng Sheng Chase gold analysis teacher Zu Sheng believes that the recent international gold price surge, it can be said that market sentiment is dominant, because the fundamentals of the international economy has not changed, but the market sentiment to guide the direction of capital, determines the price of gold rose drop. If unfavorable economic data emerges, safe-haven demand will quickly gather and drastically push up the price of gold. However, the normal technical correction after the surge in gold price will also be caused by the decline in panic, resulting in a plunge. “The price of gold rose blindly and chased it high. When gold prices fell, they feared leaving the market. The uneasy attitude of investors has exacerbated recent fluctuations in gold prices from a certain perspective.â€
The main point of speculation in the big ups and downs is to avoid the inherent mentality of “buying up and not buying downâ€. In the investment market, the trading habit of “buying up or not buying down†is relatively common. Especially in the domestic gold investment market, after the international gold price broke the historical high level in the early period, the market has not only declined due to the high gold price, but has appeared the hot market in the off-season. In some areas, many small-spec investment gold bars have even appeared out of stock.
Second, it is necessary to abandon the idea of ​​“making a fortune overnight†through speculation. In the recent gold soaring slump, there have been stories of speculators getting rich through speculation, but for ordinary investors, do not be lured by the soaring price of gold and engage in derivatives transactions that they are not familiar with. You may be exposed to excess risk.
Third, we must pay attention to the direction of the gold physical demand market. Gao Huijie, chairman of Shanghai Huatong Platinum and Silver Market, said that the actual increase in the price of gold is in line with physical demand. There is a risk of bubbles in the price rise caused by speculation in the derivatives market. There are great risks. Investors should pay attention to the current actual demand for precious metals. Don't blindly follow the trend, so the stability of investment will be greatly enhanced.
The voice of the current global gold market is still very solid support. In addition to the increasingly uncertain global economic recovery situation, the inflationary pressures of various economies are still increasing. The real factor driving the higher gold price is the current international currency system is exposed. The problem is getting more and more serious. The rapid decline in the purchasing power caused by the oversupply of credit money has led to a stronger gold "hard currency".
Mainland China analyst Shi Liang said non-agricultural employment data are the core data of the U.S. economy. Employment levels directly affect economic policies and the macro environment. The lower-than-expected employment data this month means that the U.S. economy is facing further weakness. It also reinforced the expectation of the third round of quantitative easing policies that were widely speculated in the market. The “print printing†effect is very direct to gold, and gold prices may still soar.
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