Shi Liang, a mainland futures analyst, believesWhat do you need to report capital gains on precious metal sales that the spread of the US sovereign debt crisis will increase the possibility of the third round of quantitative easing, and the effect of money printing on gold is very direct, whether it is the current financial turmoil or foreseeable The inflationary pressures in China are all driving the gold price to rise again.
However, some analysts cautioned that the impact of this demand may not be as great as in the past, because investment demand continues to rise, and physical demand such as jewelry purchases currently accounts for only a small part of market demand. Moreover, even if the long-term trend of gold prices will go higher, this does not mean that prices will rise in a straight line. As the price of gold rises, substantial shocks will become the norm for market operations.
In addition, Wang Ruilei, chief analyst of Gosell, said that summer is the adjustment season for the entire commodity, gold, and industrial products in the energy sector, so short-term opportunities in summer are stronger than those in bands. I think the balance of bulk commodities is expected to take place in the summer. After this round of balance adjustment is gradually over, the balance pattern of bulk commodities will be broken, and the relationship between product price comparisons in weak economic cycles is expected to be reorganized. Therefore, I think it is difficult for the precious metals market to generate high points in the summer, and it is more likely to be a dormant trend. Short-term arbitrage opportunities are worthy of investors' attention and grasp.
DaveMeger believes that the current gold market is affected by multiple factors. The higher gold price on Wednesday in Europe and America is also related to some options. Thursday is the expiration date of the gold August option. As the expiry date approaches, it is common for gold prices to fluctuate sharply. The price of gold fell to the short-term support of $1560-1570 per ounce on Tuesday, and rose to the upper track of the recent trading range on Wednesday. This trend pattern is a more typical market approaching expiration date.
However, Long Ling, a researcher at Industrial Futures, said that in the past one or two months, the correlation between gold and crude oil prices has dropped sharply, which means that gold and black gold are no longer closely related. Generally speaking, rising oil prices may bring inflationary pressures, causing assets to enter the inflation-resistant gold market, thereby pushing up the price of gold; at the same time, tensions in the political situation in oil-producing regions may also promote the prices of both. But in today's era when inflationary pressure is not great and the geopolitical situation is relatively easing, there is a certain disconnect between the two prices.
International gold prices fell below US$1,600 per ounce for the first time in two months, a decline of more than 10% in a week; oil prices hit the biggest one-day drop since August, and Chicago soybeans hit a 14-month low... With the strengthening of the US dollar as an inducement, commodities fell again One scene. Analysts believe that the internal cause of the market crash is the expected increase in the return on related assets driven by the change in the phased pattern of the US economy, thereby reducing the attractiveness of gold and commodities. As far as the market outlook is concerned, the performance of precious metals suchWhat do you need to report capital gains on precious metal sales as gold and bulk commodities represented by crude oil may diverge. The former will continue to be weak for a period of time, and the decline of the latter, especially agricultural products, will be more limited.