Position:Market dynamics

Bao Xin Ying precious metals: gold bullish factors continue to push

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Open 1352.95 on Friday, the highest 1363.02, the lowest 1,341.45, closing 1353.43. Closing out a long shadow down the crosshairs. First look at the news of the situation last week, on Friday reported the World Gold Council, India Degree of demand for 645.05 tons of gold the first three quarters, up 79%, China 12.0 billion in Q3 to buy gold bullion, while the World Gold Council has said that gold is expected to join a basket of currencies, boosted by the trend in Asian trade; night's Bank of China announced Again raised the bank deposit reserve ratio of gold short-term pressure, ground to a near steady rise of the intraday low of 1341. As Ireland's rejection of the EU assistance from the previous to the EU for help to ease market concerns about the euro, with the When Bernanke said at the weekend promise to be loose in the end, so the gold on Monday, the euro, the pound and so there upward gap. News of today's market is relatively calm, personally think that will continue to dominate the market will do more. Gold Head Blocked at the line before 1362, think short-term more likely to cover the gap, if we can do more than cover the gap may be bargain-hunting.
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