日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 国产特级黄色片 | 亚洲视频一区二区 | 色网在线看 | 亚洲天堂成人 | 精品国产乱码久久久久久108 | 美女国产精品 | 一级片aa| 91色视频在线 | www.欧美激情 | 免费午夜视频 | 福利一二区 | 成人国产精品视频 | 久久99久久99精品免费看小说 | www.男人的天堂 | 日韩欧美一区二区三区在线 | 天堂va| 国产欧美激情 | 日本一区久久 | 国产精品一区二区三区免费视频 | 亚洲激情影院 | aaa一区二区 | 天天草天天射 | 日本美女激情 | 成人av观看 | 欧美成人免费在线 | 久久男人天堂 | 国产美女永久免费无遮挡 | 自拍视频一区二区 | 丰满白嫩尤物一区二区 | 免费的av片| a毛片大片 | 国产一级片免费看 | 中文字幕在线2018 | 日韩视频a | 亚洲天堂精品在线观看 | 国产精品视频网址 | 欧美三级视频在线观看 | 日韩中文字幕在线免费观看 | 午夜在线免费视频 | 天堂成人网 | 岛国成人在线 |