国产一精品一AV一免费,亚洲成AV人片不卡无码,AV永久天堂一区二区三区,国产激情久久久久影院

立即打開
Gold's glitter wears off

Gold's glitter wears off

Colin Barr 2010年07月29日
Gold tumbled to a three-month low as traders crawled out of their bunkers to take on a bit more risk.

????Gold futures slipped nearly 2% Tuesday to $1162 an ounce. That means the gold price has dropped 7% off last month's nominal record, reached in the aftermath of the latest round of sovereign debt scares in the euro zone. The inflation-adjusted record price for gold is roughly double Tuesday's price.

Gold?market cooling down

????Since last month, European debt spreads have narrowed, reflecting increasing confidence that euro zone governments will find a way to deal with their financial problems. At the same time, policymakers in the United States have taken to warning that growth prospects in this country are weakening, reducing the already low odds of a near-term inflation spike.

????This is causing some investors to reassess how much gold they need right now.

????"Gold prices already include a large premium as a refuge from economic and financial uncertainty," Julian Jessop of Capital Economics wrote in a note to clients last week. "With inflation risks low, it would now take a major new shock to propel gold prices significantly higher."

????Jessop allows that it's not difficult to see where another shock might come from. Questions about the creditworthiness of euro zone or other major debtors, such as the United States and Japan, could qualify, as could a major trade dispute with China.

????But he says gold looks expensive next to other safe-haven plays, such as inflation-adjusted U.S. government bonds. As a result, he contends that investors may continue to shun gold for the rest of the year, taking its price down toward $1000 – a level last seen last fall.

????

掃碼打開財富Plus App
山东省| 牟定县| 阜康市| 芜湖市| 榕江县| 娱乐| 清水河县| 孟津县| 土默特左旗| 来宾市| 和硕县| 济源市| 苗栗县| 凤山市| 盐池县| 鲜城| 新化县| 榆社县| 海盐县| 台州市| 平山县| 宿迁市| 卢龙县| 美姑县| 壶关县| 信丰县| 富川| 阿城市| 紫云| 大竹县| 和硕县| 八宿县| 乌兰县| 磴口县| 莱阳市| 莒南县| 河西区| 深水埗区| 岳阳市| 绩溪县| 讷河市|