日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

chinadaily.com.cn
left corner left corner
China Daily Website

Gold buyers still buying, despite price falls

Updated: 2013-06-29 07:41
By Wang Ying in Shanghai ( China Daily)

Gold buyers still buying, despite price falls

Gold ornaments are arranged for display at a store in Huaibei, Anhui province, on Friday. With gold prices continuing to slump, a steady number of investors are still increasing their gold holdings in the hope of a price rise. Xie Zhengyi / For China Daily

Chinese investors have continued their buying frenzy for gold as the price of the precious metal headed for $1,200 per ounce.

But analysts have warned that gold's price volatility is expected to remain, reminding over-eager buyers that the metal's immediate outlook remains bleak.

Buyers such as Madame Chen in Lao Fengxiang Jewelry store on Shanghai's famous East Nanjing Road on Friday have been out in force, in the hope of making a profit as prices remain low.

She said she had bought five 30-gram specially designed gold bars at the city's largest and oldest jeweler, for 291 yuan ($46.37) per gram.

"They are gifts for my five grandchildren. I have waited for quite a long time to buy these gold bars at a low price, and the time is right," said the grandmother in her 60s.

Dozens of customers have been swarming the store, with some paying in cash, often within minutes of coming in the door.

Gold has been hot since mid-April, when Chinese buyers started rushing to buy physical gold in jewelry stores as prices slumped.

A technical rebound in the price at one stage made profits for some, but the overall persistent retreat of the metal has resulted in hefty paper losses for many Chinese buyers.

COMEX gold futures have dived to nearly a three-year low of $1,200 per ounce, and the index has slipped 28.6 percent from $1,680 per ounce at the start of the year.

Domestic gold futures have also dropped by 29.4 percent to 240 yuan ($39) per gram, according to Pan Pinlin, an analyst with Jintai Futures Co Ltd.

Analysts are warning that the gold price is still under downward pressure since the US Federal Reserve announced that quantitative easing measures are likely to be pared back next year, after signs of a general recovery in the US economy.

"Nobody can predict where the bottom is, but based on the current situation, the gold price could be as low as $1,000 an ounce," said Pan.

As the US economy shows bullish signs, investors have started to reduce their gold investment weighing, said Zhao Jingjing, an analyst with Essence Futures Co Ltd.

But there are still silver linings for gold investment, she suggested.

"When the gold price is falling, investors can also open a short position to make bearish bets on the metal."

According to Pan, gold is traditionally used as a tool to combat inflation in a bad economy, so if many economies face a wave of inflation in the second half of this year, gold investment could still have its chance to shine once again.

Xu Yuyue in Shanghai contributed to this story.

 

 

 
8.03K
 
...
主站蜘蛛池模板: 2019中文字幕在线播放 | 天天在线欧美精品免费看 | 2021成人国产精品 | 欧美一区二区在线免费观看 | 亚洲欧美日韩一级特黄在线 | 看黄网站在线 | 国产自产拍精品视频免费看 | 91精品久久久久久久久网影视 | 日韩天天操 | 欧美成人网在线综合视频 | 色哟哟在线观看精品入口 | 国产精品婷婷久久久久 | 国产 欧美 日韩 一区 | 欧美操片| 天天视频在线播放观看视频 | 美女91| 欧美一区二区三区免费观看视频 | 色在线视频网站 | 日韩欧美三级在线 | 欧美日韩国产精品自在自线 | 欧美性生交zzzzzxxxxx | 国产一区二区三区国产精品 | 久久天天 | 日本加勒比视频在线观看 | 亚欧视频在线观看 | 日本一本免费一二区 | 在线观看国产 | 精品96久久久久久中文字幕无 | 中文字幕在线一区二区三区 | 蜜桃视频一区二区三区 | 无遮挡一级毛片私人影院 | 国产精品亚洲第一区二区三区 | 欧美亚洲一区二区三区在线 | 午夜性啪啪A片免费播放 | 在线免费国产 | 欧美久 | 亚洲欧美在线视频免费 | 亚洲第一区精品观看 | 成人av免费在线观看 | 四虎影视在线影院在线观看观看 | 良妾很能生 |