Over the past 40 years, the price of gold has risen from US$42 per ounce to US$1600 per ounce. We not only understand the reasons why gold has soared over the past few decades, but alsPrecious Metals Sales Littleton Coloradoo understand the evolution of currency history and the important role that gold plays. However, the international economic events that have occurred in the last three years seem to have interrupted the historical evolution of currency, which cannot be compensated by paper money, gold, or more paper money.
In New York trading on the 24th, April gold futures rushed higher and fell back. At the close, they fell slightly by 0.2% to US$1434.9. Earlier in the day, the contract reached US$1448.60, setting a new all-time high. The previous high occurred on March 7 at US$1445.7. Spot gold also rose to a record high of $1447.82 on the 24th.
The main gold futures contract price in December 2011 closed down 3.42 yuan on Friday (May 6) to 309.38 yuan/g, a decrease of 1.09%. The trading volume was 30,998 lots, compared with 31,644 lots on the previous trading day, and a decrease of 646 on this trading day. The transaction amount was 9.59 billion yuan, compared with 9.90 billion yuan on the previous trading day, and a decrease of 310 million yuan on this trading day; as of the closing position, the position was 50,956 lots, compared with 54534 lots on the previous trading day, and this trading day decreased by 3578 lots.
International gold prices have been in a state of shocks and corrections after going out of the big price increase in June. However, due to optimistic prediction of the future market, many gold-linked products have appeared again in the wealth management product market recently. Bank of Communications Ward's wealth management manager Chen Ci told reporters that investors need to pay attention to many factors when choosing structured wealth management products, including the linking target, the income design method and other related conditions. International gold prices have been in a state of shocks and corrections after going out of the big price increase in June. However, due to optimistic prediction of the future market, many gold-linked products have appeared again in the wealth management product market recently. After the release of the macro data in July the day before yesterday, financial experts even suggested that citizens can prepare for the necessary gold investment in addition to the stock market and the property market to prevent deflation and inflation.
The EU summit held this weekend is now the focus of the market. According to the "Wall Street Journal", EU lawyers opposed the European Financial Stability Fund's plan to provide guarantees for bonds. EU officials have turned their attention to the European Financial Stability Fund's plan to provide funds to troubled countries.
The New York Mercantile Exchange (COMEX) gold futures closed moderately higher on Monday (18th), marking the 11th consecutive day of gains. The still disturbing debt situation in Europe and America has fully demonstrated the safe-haven demanPrecious Metals Sales Littleton Coloradod for gold, and the price of gold has once again set a new historical record. However, the strong performance of the US dollar index this trading day restricted more upside room for gold prices.
There are more customers like him during the March 8th Festival. Most of the gifts for girlfriends, wives, and mothers buy gold jewelry. The salesperson at the counter interjected humorously: If you want to talk about hot, it is the Spring Festival this year. She introduced that a variety of New Year products such as the New Year of the Ox ornaments, gold bars and three-dimensional ox pendants are welcomed by customers. The company’s exclusive New Year series of Fortune Bull Gold Ornaments is a necklace that combines Fortune Money and transfer gold beads. Jewelry in different shapes, such as, bracelets, and mobile phone pendants, have become popular products during the Spring Festival. The daily sales volume reaches thousands of pieces, ranking first among Caibai’s best-selling products.