Xinhua Chicago June 12 call (reporter Yan Leung) as investors dumped the Spanish and Italian government bonds and other factors, New York gold futures contract price on the 12th renewal of the previous trading day The rising trend.
the same day, the New York Mercantile Exchange, gold futures market most actively traded August gold futures closed at $ 1,613.8 an ounce, up $ 17 more than the previous day, or 1 .06%.
the some market analysts think that is a key factor leading the day of gold rising, although the euro zone finance ministers agreed to provide relief funds to the Spanish banking sector, but the Spanish banking sector still variable. Spain’s 10-year bond yields climbed that day to 6.74 percent, setting a new high, coupled with the euro zone debt crisis is not yet eased, many bond holders in Spain and Italy have to sell. Hedging properties of gold as a precious metal, to stimulate a lot of investors have bought gold contracts, gold for three consecutive trading days uplink.
In addition, market rumors that the European debt crisis may stimulate the European Central Bank, the introduction of quantitative easing monetary policy, also constitutes a good day’s gold trading.
the day, Silver futures for July delivery rose 33.3 cents to close at $ 28.949 an ounce, or 1.16 percent. Platinum futures for July delivery rose $ 5.1 an ounce to close at $ 1,454.4, or 0.35 percent.
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