China and India has decided to tone gold – car wash wax – Sewage Treating Equipm
For gold, this is not a perfect week, Thursday until the fall, after a slight rebound, but it is worth noting that the current gold price trend model: Each gold fell slightly, would encounter strong resistance, because Investors buying auction. Of course, in the current environment, the price of gold will rebound in 1120 U.S. dollars / ounce mark encountered resistance. In fact, the gold from 1120 U.S. dollars / ounce level began to decline and the euro zone currency and U.S. dollar weakness is not without a rebound relationship. Note that this is not the fundamentals of supply and demand, nor is it concerned about the gold market fundamentals.
Currently the price of gold is leading Asian markets, especially China and India, of course, other oriental and Middle Eastern countries also have a store of gold, attach importance to the history of gold, to a certain extent, also affected the price of gold. Taking into account the demand dropped sharply last year, is currently in India is the most important factors affecting the price of gold is currently 1,000 U.S. dollars / ounce mark struggling. Obviously, in a temporary stagnation, India's gold imports began to rise again, despite over three years ago, the high point of retreat, but do not over last year's monthly data has been improved significantly.
Speaking to India's buying power, which is a necessary process: In India, gold has been a price-sensitive goods, prices rise sharply if buying is out of the market, but once the price of gold was steady at high transaction volume began to pick up This is the process. India is the world's largest gold consuming country, though most of the buying in the form of jewelry, which is different from the West, buying jewelry, Indian jewelry is not only decorative, but also can be used to store wealth.
China is the elephant in the gold market, has an unprecedented influence. May be expected sooner rather than later, China will overtake India as the world's largest gold consumer. Because gold has a measure of wealth and preservation of the role of Chinese flock to a substantial surge in the gold market is being middle class. Of course, the Chinese government also encourages them to do so. Have some government support, if there is downward pressure on gold, the Chinese government will not allow the sharp decline in gold, the Chinese would be very sensitive to minor fluctuations in the price of gold. For example, if the Chinese government to buy the International Monetary Fund (IMF) for sale the remaining gold, gold will be a lot higher. No matter how Western observers said, so far, China has no need to buy IMF gold. China has the ability in any way increase their gold reserves, China is now the world's largest gold producing countries can buy gold from domestic mines.
With China and India, two economic powers, the more and more people will buy gold, which to some extent, support the formation of the current or short-term price of gold. The current market state that this is happening. Therefore, the current downward pressure on gold is relatively small, upside potential for gold is uncertain, when the price of gold rose to a certain level of time (for example, in 1120 U.S. dollars / ounce above) of buying will be substantially reduced. Despite the decline in demand could lead to the gold standard is gradually increased, but the need to stimulate the factors pushing up gold prices. The current instability in the global economy and the dollar, this stimulus will eventually appear. This point of view, summer, gold will remain stable. Push up gold's positive factors, negative factors are more likely than possibilities.
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