Kanakura Club Zhang Yunkui
San Francisco market observation Myra P.Saefong&Polya Lesova-June gold futures on the New York Mercantile Exchange rose modestly following Friday after two consecutive trading days rose Monday at 874.acid reflux symptoms 1 dollars/ounce, $ 16.1 per cent. Meanwhile, due to the reduction in supply of crude oil in Nigeria, NYSE, June crude oil futures above $ 120/barrel mark for the first time.
In the currency market, the dollar did not stronger because of the non-manufacturing index rose. United States Institute for supply acid reflux disease management non-manufacturing index rebounded for the first time after a contraction of 3 consecutive months, rose from per cent in March acid reflux diet to 52%, 2.6% higher than economists had forecast, greatly surprised the market expected indicates the United States not short-term recovery in acid reflux symptoms in women the manufacturing sector. Surprise is, the dollar index fell but after publication of the data to 73.19, by 0.4%.
Zachary Oxman Wisdom Financial s senior traders believe that the current dollar and crude oil is still the gold price trend of the main forces. But Jon Nadler Kitco Bullion Dealers think that apart from Nigeria and Iran other than political factors contribute to rising oil and thus drive the price of gold, coming May 7 India Akshaya Tritiya Festival also had a role on gold s gains to the elevating, as Akshaya Tritiya every year South India biggest holiday gold consumption. Around 870 dollars/ounce price now, and certainly more than US $ 1000/oz Gold demand is quite different. Gold fell sharply in the past three weeks have been a serious blow to the confidence of investors, market participants expect full recovery of relative low prices can now market demand for gold.
Analyst comments:
Gold began to acid reflux treatment gradually rebound after failed last week acid reflux remedies to test $ 850, decreased temporarily stopped swoon. And crude oil once again chonggao also provide enough fuel for gold rebounded, gold also homeopathic rushed over support of $ 872. Gold anti-inflation climbed to enhance the attractiveness of oil, but May 7 for gold investors are more concerned about India Akshaya Tritiya Festival. GFMS limited data suggest that research institutions in London, jewellery is the biggest buyers of gold, occupy a total consumption of 61% last year.
Gold in this year, the rapid increases have affected the market demand for gold, symptoms of acid reflux and recently the gold dropped just in time India Akshaya Tritiya. The section is India s most desirable wedding day, in that day will be thousands of weddings are held throughout the country. Investors expect this festival to try for gold demand, so as to take advantage of the gold out of its recent swoon.
Today s focus:
And once again a record high crude oil is the motive force for gold rebounded recently, investors should continue to observe the trend of crude oil. Although most analysts see Gold s decline has slowly been stopped, optimistic about the medium and long term trend of gold. Fundamental today, but there are no cases of primary information, short line operators should beware acid reflux diet the profits of the oil thereby driving the gold s decline.
Stop: $ 880, 885
Supporting: $ 850
