Gold Price Once Again Created a New High Where Reason
By the weaker dollar and other factors, international oil prices continue to rise 6, New York crude oil futures prices closed at $ 83.23 a barrel. Market analysis generally agreed that the main factor promoting the rebound in oil prices is not the market supply and demand changes, but the rapid decline in the dollar, bad weather and the recent series of upbeat economic data caused the market for crude oil demand growth forecast.
Job market further exacerbated the market for the United States will launch a quantitative easing of monetary policy expectations, leading to 6, the day the dollar index fell 0.48% to 77.43, to rewrite the lowest since January. By the weaker dollar and other factors, on the 6th international oil prices continue to rise, New York crude oil futures prices closed at $ 83.23 a barrel. Decline in the dollar means that gold futures for traders holding other currencies is becoming cheaper, thus increasing the global demand for gold to buy, so as to promote the New York Mercantile Exchange, gold futures and pushed a new high. New York gold futures contract closed the main $ 1,347.7 an ounce, or 0.55%. The day of the price of silver and platinum also continue to rise.
Recently the dollar continued to decline. In this regard, LaSalle Futures Group in Chicago, chief market analyst Matt Zeman that because of crude oil, including the dollar international commodity prices continue to the next period of time, if not some other major international events, the U.S. dollar exchange rate was impact of oil price movements will be the dominant factor, and if the dollar continues to weaken, crude oil futures prices also will continue to increase.
Major stock markets rise
From all the major stock market point of view, all within a week increase is not small. U.S. Dow Jones index closed at 10,788.05 on September 30 points to close at 10,967.65 on October 6 points, or 1.66%. Japan’s Nikkei index closed 9,369.35 on September 30 points, 7 October to close at 9684.81 points, an increase of 3.37%. Hong Kong’s Hang Seng Index on September 30 to close at 22,358.17 points, 7 October to close at 22,884.32 points, up 2.35%.
ADP, 6, according to a report released in September in the U.S. private sector employment fell 39,000, the biggest drop since January. Since employment data disappointed the market, the New York stock market rallied after losing the previous day on the red momentum to continue, as at the close, the Dow Jones 30 Industrial Average index over the previous trading day up 22.93 points, to close at 10,967. 65 points, or 0.21%. Markets that the U.S. Federal Reserve to take further measures to stimulate the economy, the possibility is increasing.
6 major Asia-Pacific stock markets rose. Tokyo stock market Nikkei 225 stock average rose 172.67 points to close at 9691.43 points, or 1.81%. Hong Kong’s Hang Seng Index rose 241.27 points to close at 22,880.41 points, or 1.07%.
7, the U.S. dollar higher against the yen and the Bank of Japan’s loose monetary policy had to promote the launch of such factors, the Tokyo stock market Nikkei stock index volatility running throughout the day. Hong Kong’s Hang Seng Index opened 116 points higher 7 days after the smaller increase in Yao City, and eventually closed at 22,884.32 points, or 0.02%.
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