男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

World Business

Gold snaps three-day drop as haven allure strengthens on Europe

(Agencies)
Updated: 2010-05-24 14:38
Large Medium Small

Gold climbed, snapping a three-day retreat, as renewed weakness in the euro revived demand for a haven and last week's decline to the lowest level in more than two weeks boosted the metal's allure.

Gold for immediate delivery, which slid to a two-week low of $1,166.30 an ounce on May 21, climbed 0.9 percent to $1,187.40 at 1:11 pm in Singapore. The June-delivery contract in New York jumped 1 percent to $1,187.40.

After the "selloff there's some revived appetite for precious metals, including gold, as a decline in the euro reminds the market of risks linked to the region," said Hwang Il Doo, a Seoul-based trader with KEB Futures Co. "The price declines are no more than a mere correction."

Gold slid 4.6 percent last week, the most since February 2009, as some investors reduced their positions as the euro advanced. The metal has strengthened 8 percent this year and is heading for a 10th annual gain.

The euro weakened against the dollar, ending a three-day gain, after European Union finance ministers pledged to stiffen sanctions imposed on high-deficit countries and ruled out setting up a mechanism to manage state defaults. The region's debt crisis helped drive gold to a record $1,249.40 on May 14.

The Dollar Index strengthened as much as 0.6 percent today.

Hedge Funds

Related readings:
Gold snaps three-day drop as haven allure strengthens on Europe Gold flies to record as investors seek safety
Gold snaps three-day drop as haven allure strengthens on Europe Gold surges to a fresh all time high
Gold snaps three-day drop as haven allure strengthens on Europe Gold may surpass record

Hedge-fund managers and other large speculators cut their net-long positions in New York gold futures in the week to May 18, according to US Commodity Futures Trading Commission data.

Speculative long positions, or bets prices will rise, outnumbered short positions by 231,670 contracts on the Comex division of the New York Mercantile Exchange, the commission said in its Commitments of Traders report. Net-long positions fell by 4,155 contracts, or 2 percent, from a week earlier.

Platinum, palladium and silver recovered from last week's tumble. Palladium slumped 17 percent last week, platinum 12 percent and silver fell 8.7 percent on concern that Europe's debt crisis and slowing growth in China may erode consumption.

The declines in platinum and palladium "are overdone," Allidina Hussein, head of commodity research at Morgan Stanley & Co, wrote in a report yesterday. "Current levels seem an attractive entry point into what we consider a fundamentally supported market outlook."

Silver for immediate delivery jumped 1.6 percent to $17.9425 an ounce, while platinum gained 0.5 percent to $1,514.75 an ounce and palladium gained 1.1 percent to $441.75 an ounce.

主站蜘蛛池模板: 博爱县| 嘉义县| 揭东县| 宁德市| 潜江市| 会同县| 富蕴县| 新巴尔虎左旗| 凌海市| 民乐县| 平顶山市| 兴仁县| 永平县| 镶黄旗| 萝北县| 余干县| 平潭县| 托里县| 扶风县| 鱼台县| 宿州市| 揭东县| 滨海县| 福贡县| 长泰县| 韩城市| 通渭县| 顺平县| 克山县| 明光市| 古田县| 稷山县| 定陶县| 鹤山市| 临安市| 柏乡县| 都江堰市| 嫩江县| 吴忠市| 车致| 铁岭市| 甘南县| 潜山县| 会同县| 三穗县| 陇西县| 涞水县| 万全县| 绥化市| 镶黄旗| 湄潭县| 通山县| 平遥县| 凌海市| 仪陇县| 二连浩特市| 临夏县| 宝丰县| 宁强县| 太原市| 邵阳县| 泾阳县| 黎城县| 溧阳市| 阿尔山市| 福鼎市| 开鲁县| 余干县| 都兰县| 遂溪县| 平山县| 富裕县| 德庆县| 嘉荫县| 衡东县| 兴城市| 贞丰县| 溧阳市| 龙游县| 容城县| 青浦区| 梅河口市|