Friday May 25, 2018
    Home > News > CNS wire
    Text:| Print|

    Analysts say gold price plunge to continue   

    黃金大跌“中國大媽”被套 專家預測金價仍將下行

    曾因瘋狂購買黃金而一戰成名的“中國大媽”如今風光不再,慘被套牢,最慘者被套高達28%。專家分析指出,金價下跌主要是受“美聯儲可能提前退出量化寬松”消息的打壓,預測未來黃金仍將延續震蕩下行的走勢,再度下跌的可能性較大。

    2013-05-17 17:00 Ecns.cn     Web Editor: Mo Hong'e comment

    ECNS — Analysts predict that the gold price plunge in China caused by a possible early Fed QE exit may continue, as gold prices took another nosedive on Thursday.

    Following a temporary and slight rebound, international gold prices again tumbled to $1,400 per ounce on April 16 and even as low as $1,368 per ounce. As a result, many Chinese housewife-investors got hurt by the plunge.

    Zhang Lei, a chief analyst at the Beijing Gold Exchange Co, said the ongoing gold plunge is caused by a possible QE exit of the Fed. Also, as stock markets in the US and Europe soar, gold investors chose to exit the gold market and enter the stock markets, further pushing down gold prices.

    On May 10, the Federal Reserve hinted that it had already mapped out a possible QE exit plan for winding down its bond-buying program, which was meant to spur the economy. However, the timing for starting measures is still being debated.

    Meanwhile, the US dollar index has become stronger. The once-bullish gold market may come to an end as stronger dollar curbs demand the metal as an alternative.

    Gold investors should refrain from going into massive buying mode when prices tumble to avoid possible losses in the future, Zhang suggested, adding that the price fluctuation is not likely to have a big impact on the purchase of gold jewelry, especially for medium and long-term investors.

    But for short-term investors, it is advisable to do risk management and avoid too frequent transactions, Zhang said.

    Market analysts suggested that investors should follow closely the QE exit plan by the Fed: "When the dollar gets strong, gold appears to go down, and vice versa."

     

    Comments (0)

    黃金大跌“中國大媽”被套 專家預測金價仍將下行

    曾因瘋狂購買黃金而一戰成名的“中國大媽”如今風光不再,慘被套牢,最慘者被套高達28%。專家分析指出,金價下跌主要是受“美聯儲可能提前退出量化寬松”消息的打壓,預測未來黃金仍將延續震蕩下行的走勢,再度下跌的可能性較大。

    >>詳細

    Copyright ©1999-2011 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 乐亭县| 弥渡县| 赤水市| 定陶县| 婺源县| 道真| 响水县| 辰溪县| 纳雍县| 若羌县| 侯马市| 建阳市| 富裕县| 河南省| 永顺县| 益阳市| 高唐县| 泉州市| 九台市| 乌恰县| 红原县| 常州市| 元江| 江安县| 绩溪县| 大连市| 焉耆| 普格县| 上犹县| 农安县| 灵山县| 烟台市| 仁怀市| 内丘县| 杨浦区| 聂荣县| 喀什市| 报价| 柯坪县| 米泉市| 瑞丽市|