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Cutting to the “Buy” Market: Gold Price Created a New High

Date:2016-07-27

Last Friday, the fiscal policy differences of the U.S., the debt problems of the euro zone, and the concern about the rising global inflation and other factors stimulated the demand for gold as a hedge, which again promoted the gold price to refresh the record high. The most active COMEX gold rose to 1,476.4 $/ounce in the June contract, hitting a record high. The interest rates rise of European Central Bank intensified the restoring to imbalance conflict in the euro zone. The Portuguese financial crisis also intensified the worries about the sovereign debt crisis in the euro zone; the soaring crude oil prices again led to the market’s worries about inflation. The gold price continues to head towards 1,500$/ounce. In terms of operation, we suggest that investors do not put all eggs in one basket.

TypeInfo: Company news

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