Monday, January 3, 2011

Gold oil to hit an all-time high

Affected by the US dollar against other major currencies then innovative low factors, as of the 13th Beijing time 22: 00, New York, gold and crude oil futures prices rose together then hit an all-time high, gold futures historic breakthrough 1000 dollar mark.

According to http://finance., as Beijing time 13, 22: 00, New York Mercantile Exchange gold futures contract rose in April, the main $ 14.8, at $ 998.4/ounces, $ 1000.1 previously touched. Other 6-12 month contracts are settled in above $ 1000. Moreover, the contract price is rendered almost weak yuanqiang arrange, show up after the city still has potential.

New York April crude oil futures contract small main drop $ 0.33, at 109.69 USD/barrel, the most high to 110.70 USD/barrel.

International non-ferrous metals and agricultural products (27.57,-1.13,-3.94%, cafes) futures also took the opportunity to send forces to rise. Us plate beans, corn, cotton and raw sugar futures rebound in line; London stage Tin touch 20000 USD/ton records high points, becoming the leader in non-ferrous metals bull market; CU March 6th highest 8817.5 USD/ton of record high after a decline, but yesterday on the attack again exerting force, åœ — äº¬æ — ¶é — ' 13, 22: 00, three months $ copper at 8440/tons, rising to $ 40. "100 oil qianjin million cu" is becoming a reality.

Weak dollar is still the driving force behind the push up. 13, the European currency markets early trading, the dollar index hit a new low of 71.82, euros, Swiss francs to a record high. US dollar against the yen also exceeded US $ 1 for 100 yen.

Market participants considered that, while the Fed injected liquidity measures play a positive role, but the United States housing market downturn, spread to the surface of the wider economic problems still unresolved, lead market hedging emotional warming, dollar re-victimization taoxi transactions back to suppress, which promoted the dollars commodity remains of rally, while also stimulating international funds to accelerate the influx of crude oil and gold and other commodities that a "aversion Harbour."

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