Deutsche Bank analysts believe that the market fluctuations in the weeks leading up to the new year should not be interpreted too much. This does not represent the fundamental situation. The reason for the recent fluctuations in gold prices is more likely to be valuation kinetic energy. In the long run, various indicators are conducive to gold, and the diversification of investment by central banks of various countries is a factor in the large inflow of gold ETF buPrecious metal mapying, so the US dollar will also weaken.
On May 4, the World Gold Council released the "Gold Demand Trend Report" for the first quarter of 2017. The report shows that the global demand for gold in the first quarter of this year was 1,034 tons, down 18% year-on-year; the total inflow of gold ETFs was 109 tons. Although the data remained stable, it declined compared with the inflow that was close to historical records last year. However, investment in gold bars and gold coins remained stable, with a year-on-year increase of 9% to 290 tons. In addition, demand in the gold jewellery and technology industries has increased slightly.
Different from the traditional paper gold business, physical gold investors can apply for withdrawing the standard physical gold provided by the gold exchange at any time after successful purchase. Its quality meets the certification of the gold exchange and the London Gold Market Association, with high intrinsic value and liquidity Strong, very suitable for long-term storage and preservation. And the gold bought on the same day can be sold on the same day, so the investment is very flexible.
The latest data released by the World Gold Council show that as of June, global gold ETFs have seen net inflows for 7 consecutive months, setting a record. The total amount of global gold ETFs (Exchange Traded Funds) increased by 104 tons (approximately US$5.6 billion, equivalent to 2.7% of the total asset management scale) that month, which brought its total holdings to a record high of 3621 tons.
In the short term, the current gold price is already in a high range. As the US economy recovers, it may support the recovery of the US dollar index, and gold prices may face adjustments in the short term. Wang Delun, chief strategy analyst at Industrial Securities, said that, in the long run, the U.S. and global economies will continue to be under downward pressure, the monetary policy of various countries will remain unchanged, the long-term real interest rate will fall, global geopolitical and financial risks are frequent, and the demand for gold purchases from the central bank Under the continuing trend, gold still has support in this round of major cycles.
Except that gold jewelry is not an investment, gold bars, gold coins, paper gold, gold stocks, gold futures and gold funds are all gold investments. Generally speaking, gold coins have the most premium. Although the appreciation space may be relatively large, they are too professional and difficult to realize. Therefore, ordinary citizens generally should not choose gold Precious metal mapcoins as investment products; gold stocks are derivatives of gold investment, except for the price of gold itself In addition to the ups and downs, the performance of the business also plays a considerable role; gold futures are leveraged trading, which magnifies the rise and fall of the price of gold by 10 times. If you misunderstand, investors may suffer a tragedy of losing their money.
On the same day, the price of silver futures for July delivery fell 1.6 cents to close at $23.911 per ounce, a decrease of 0.07%. The price of platinum futures for July delivery rose by $11.6 to close at $1516.5 per ounce, an increase of 0.77%.
Gold broke the norm and rose for 11 consecutive days for the first time in 20 years. Once again, trading experts around the world, including those who are good at technical trading and those who are good at technical trading, opened their mouths and bit their tongues hard. With big eyes, check if the line in front of you really exists.