日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Shanghai gold futures sparkle
Adjust font size:

The Chinese gold market?Wednesday joined the global buying spree, as jittery investors rushed to the yellow metal in droves to seek refuge from the weakening greenback and the bleak outlook for the US economy.

Gold futures on Shanghai Futures Exchange rose sharply with the most actively traded gold contract for June delivery rising 0.64 percent to 184.2 yuan per gram. The contract has climbed an aggregate 6.4 percent in the past week.

The spot price of Au9995, the most actively traded physical gold product on the exchange, rose 1.2 percent to 186 yuan per gram, with the turnover surging 53.7 percent from the previous trading day to 1.16 billion yuan.

Traders and analysts attributed the latest gold price rally in both the spot and futures markets to the rapidly depreciating US dollar against most major world currencies. The decline was also exacerbated by the recent interest rate cuts.

The US Federal Reserve on Tuesday lowered the target range for the benchmark federal funds rate to zero to 0.25 percent.

The continuous fall in the US dollar has further dented market sentiment, driving larger and larger amounts of international funds to gold.

StreetTracks, one of the world's largest gold funds, yesterday increased its gold positions in the spot market by 3.98 tons to 769.2 tons.

On the New York Mercantile Exchange, the most actively traded gold futures for February delivery rose by 1.5 percent to US$855.7 per ounce, an increase for the third consecutive day.

The somber US economic figures released on Tuesday further deepened investors' pessimistic mood and heightened their need to take refuge in gold, analysts said.

(China Daily December 18, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Central bank warns of risks in illegal gold futures speculation
- Gold futures relaunched in Hong Kong
- Shining October: Gold futures on its way
- Gold futures edges up after hitting record low
- Gold futures move hailed

Dec. 12 Beijing Caijing Annual Conference 2009
Dec. 13-14 Guangzhou Enterprise Development Forum
Dec. 20-21 Beijing 7th China Import & Export Enterprises Conference(CIEEC)

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 高青县| 鄯善县| 奇台县| 恩平市| 余姚市| 瑞丽市| 丽水市| 三穗县| 吉林省| 岳阳市| 通海县| 白山市| 大冶市| 五河县| 洪泽县| 嵩明县| 岳池县| 平昌县| 连城县| 阳山县| 海口市| 郸城县| 黑水县| 秭归县| 称多县| 北京市| 自治县| 龙川县| 基隆市| 沁阳市| 西林县| 乌兰县| 白山市| 天台县| 四平市| 宽城| 祁连县| 子长县| 高陵县| 富民县| 临邑县|