Barclays believes that the Federal Reserve (Fed) will continue to maintain loose monPrecious metals market valueetary policy, but market prices have already reflected the Fed’s dovish stance. We believe the Fed may begin to reduce bond purchases in the second half of the year. The relatively good US economy and monetary policy is expected to support the US dollar, especially for low-yielding currencies.
In addition, since the beginning of this year, in order to stimulate the weak economy, all major economies in the world have adopted loose monetary policies at the same time, including QE3 and QE4 in the United States, QE8 and QE9 in Japan, and the Reserve Bank of Australia cut interest rates. Driven by the easing wave, gold anti-inflationary demand may be further improved.
The movie market usually sells word-of-mouth in the first episode, box office in the second episode, and can't sell in the third episode. The troubles of U.S. Federal Reserve Chairman Bernanke are as simple as that, if the third episode of loose monetary policy is launched, it will sell. What to do if you don't go out. Nevertheless, the current market believes that Bernanke will continue to "remain on a dog". If so, the price of gold is expected to challenge $1,800 in the second half of the year, and the price of silver is expected to reach $45. Hong Kong Commercial Daily reporter Huo Jia
The former leader of the Republican Party in Ireland and the prime minister of the current caretaker government Cowan said he accepts the results of the general election. The election was originally scheduled to be held in 2012, but starting in the second half of 2010, Ireland fell into a debt crisis, and the deterioration of the economic situation led to political turmoil. The election was held on the 25th of this month. Analysts predict that the Unity Party will unite with the Labor Party to form a coalition government, and Kenny will become the Prime Minister of Ireland.
However, the price of gold in Hong Kong, Singapore and Tokyo rose to highs in several months as the price of gold ignited a boom in the purchase of gold coins, bars and bullion. Strong physical demand provided obvious support to the price of gold, helped the price of gold to stabilize and eased panic in the market to a certain extent.
Jeffrey Sherman, manager of DoubleLineCapital's commodity asset portfolio, said that if the European Central Bank fails to come up with a method to provide liquidity, it will trigger concerns about dePrecious metals market valueflation. If deflation does occur, gold will not be an attractive asset.
2011 is coming to an end. Looking back at the financial market this year, only gold investment is still shining. Looking ahead to the price of gold in 2012, a report recently released by Hang Seng Bank pointed out that a number of factors will continue to support the rise in gold prices in the future. The price of gold is expected to exceed $2,000 per ounce in 2012, which is about 14% higher than the current price.