【 Shen Mengyi antecedents prompt 】

 

Gold prices this week change, mainly by the slump, after the jump. Yesterday is still near $1153 an ounce location. The United States on Thursday released initial jobless claims rose last week, and the fed's Dudley moderate comments, the dollar limit upside, bring the gold prices must support. Shen Mengyi domestic spot price of gold was observed in 225 ~ 230 yuan/grams of a line.

 

 Shen Mengyi fundamental analysis.

 

Prospects remain pessimistic, the world gold council, according to the latest report China's gold consumption in the third quarter fell 37% year-on-year to 183 tons, is the lowest level in five years. Institutions generally expect: India will overtake China as the first big gold consumer. In addition, the world's largest gold ETF fund, Wednesday holdings fell by 0.25%, to 722.67 tons, refresh again 6 years minimum levels of position, and its gold outflow in October a year to its highest level, show the attitude of the air line in foshan. After the fed announced his retirement from QE, footsteps approaching, higher interest rates negative for gold.

 

【 Shen Mengyi personal advice 】

 

Gold longer-term still bearish market outlook, suggestion is given priority to with every high short. Their short-term fluctuations face uncertainty, is likely to remain low, also could rally further; For now, has become more difficult to break through resistance at $1180. The end of this week to U.S. economic data next week will guide short-term fluctuations.