Gold price today (troy ounces)

Gold price today (troy ounces)

Futures prices closed up 0.5% on Friday to $1,292 per ounce. Yesterday was the weekend, but the silver building of the Shanghai gold shop disappeared, and the aunts who were buying gold disappeared. On the afternoon of the 21st, the base price of investment gold bars synchronized with the gold exchange market was 261 yuan per gram, and the base price was 255 yuan per gram at the lowest, which was about 20 yuan per gram lower than the highest price on the 20th. The retail price of thousands of pure gold jewelry has also been lowered. On weekends, Jiuzhou Gold on North Sichuan Road will sell for 338 yuan per gram of thousands of pure gold jewelry, Lao Fengxiang for 358 yuan per gram, and Laomiao gold for 355 yuan per gram. The salesperson kept introducing the products to the customers approaching the counter, but there were few buyers. The price of gold without seeing the bottom is difficult to attract aunts to enter the market. Several consumers who came to explore the market said that they would buy after falling to the bottom! However, the big black bar of the K-line on the display of Jindian can hardly tell where the bottom is. Some industry experts believe that the price of gold in Shanghai may cause a rebound after this Black Friday, but the international financial situation is complex and changeable, and it cannot be considered that gold prices have bottomed ouGold price today (troy ounces)t in the medium term. Author: Chen Wei Mouli Yi (Source: Wen Wei Po) media_span_url ( 'sh.eastday / m / 20130623 / u1a7471497')

How much money are citizens willing to invest in gold? More than 90% of the respondents said that the investment amount accounted for less than 30% of the total investment assets. Among them, 47.92% of the respondents said they would invest less than 10% in gold, and 46.33% of the respondents said they would 10%-30% investment in gold.

According to a senior Indian government official in an interview with foreign media on Wednesday (February 19), the government may lower the current 10% gold import tax to 6%-8% before the end of February. Since the beginning of 2012, the Indian government has gradually raised its gold import tax from 2% to a historical high of 10% in order to curb the country’s swelling current account deficit. At the same time, new gold import restrictions were issued in 2013, forcing gold importers to use 20% of imported gold for re-export. The official also said that India's current account deficit is expected to fall by half in the 2013-2014 fiscal year (ending March 31 this year) to around US$45 billion, compared with US$88 billion in the same period last year. Therefore, the government is also considering lowering the gold import tax. Indian Finance Minister P. Chidambaram also said on Monday (February 17) that the government may reconsider the current restrictions on gold imports. Due to excessively stringent gold import restrictions, the amount of gold smuggled by air and sea in India has soared in recent years, mostly from neighboring Nepal and Bangladesh. However, India's domestic people's gold consumption is almost entirely satisfied by external imports, resulting in a short supply of official banks. HarishSoni, chairman of the AllIndiaGemandJewelleryTradeFederation, said that we expect to see some of the gold import controls loosened in the interim budget submitted this time. From the government's recent remarks, the hope is still great. Soni believes that the government needs to relax gold import controls, at least before the national election in early March this year, to prevent possible changes in policy. Soni finally added that I have previously proposed to the government to lower the gold import tax by 2%-5%, and the 20:80 re-export rule should be abolished. Label: Golden India [Compilation: Ba Feite] media_span_url('news./global/20140220021542080.shtml')

The crowd at the scene told reporters that valuables such as jewellery and gold in the company had been transferred overnight. The company's major shareholder Chen Qingbao and legal representative Yu Weichen have lost contact. A notice on the Zhongyi Group’s fraudulent rights protection was posted on the glass of the door, calling on everyone to join forces to safeguard their rights.

Rating agency MoodysInvestorsService announced on Wednesday (January 8) that it would lower its estimate for the average price of gold in 2014 from US$1,200 per ounce to US$1100 per ounce, and at the same time reduce the average price of silver from US$20 per ounce. Lowered to 18 US dollars per ounce, due to the gradual improvement of the global economy, the Fed began to reduce the scale of economic stimulus and lower inflation risk. 0 The rating agency stated that the new price estimate will be used to evaluate the credit conditions of gold and silver producers. In addition, Moody's also predicts that the price of gold may fall to US$900/ounce in the future (down from US$1,000/ounce), while the price of silver may fall to US$15/ounce (down from US$17/ounce). Generally speaking, compared with any other asset, the volatility of gold prices depends largely on the confidence of investors, such as the buying and selling of gold bars, gold coins and gold ETF positions, which is also different from other commodities. The Moody's analyst team's explanation for this reduction in gold price estimates is as follows: As major mining companies pursue more production in the previous gold bull market, the operating costs of mining companies have continued to increase in the past few years. The increase in costs is partly due to the low grade of ore gold and other major costs such as manpower, electricity, consumables, exploration, environmental expenditure requirements and government royalties. In addition, Moody's believes that the current total average cost of gold for mining companies is at least US$1100 per ounce (US$850 cash cost + 250 capital maintenance cost). However, Moody's believes that some relatively positive fundamental factors cannot be ignored. It said that the ultimate impact of falling gold prices and rising costs is undoubtedly the decline in output, which will also lead to the decline in equipment and consumable prices. In addition, the appreciation of the U.S. dollar is not without harm to the major gold-producing countries, because gold mining companies in these countries will obtain more abundant liquidity while selling their non-core assets and other financing projects. Label: North American Moody's Gold and Silver [Compilation: Ba Feite] media_span_url('news./global/20140109021335080.shtml')

Secondly, the long-silent debt problem of Greece has resurfaced again. On the 9th, the 19 countries of the Eurozone held a meeting of finance ministers in Brussels. The meeting has not approved the granting of new bailout funds to Greece. Eurogroup Chairman Dessel Bloom said The press conference after the meeting expressed the hope that the Greek issue will make a breGold price today (troy ounces)akthrough in the next fiscal meeting on May 24.

The University of Michigan stated that it will invest $30 million in the fund, which will buy North American gold and copper mines from troubled companies. The University of Michigan holds a $10 billion pension fund and plans to invest in the Waterton Miningllel Fund. Kevin Hegarty, Chief Financial Officer of the University of Michigan, said: This is the opportunity for gold mining companies to encounter difficulties due to a large amount of debt and the previous drop in gold prices. Now these mining companies are seeking a balance sheet balance, so they are selling assets to raise cash to reduce debt. Source media_span_url('finance.ce.cn/rolling/201605/17/t20160517_11680527.shtml')

On Wednesday, the two major data of US PPI and retail sales performed poorly. The market's expectations of the Federal Reserve's interest rate hike fell. Gold climbed for the fourth consecutive day, breaking the 200-day moving average. December gold futures closed up 1.2%, closing at $1,179.80 per ounce, a three-and-a-half-month high. So far, gold has closed up year-to-date.

There are also organizations that hold different views on this. Domestic investors have huge demand for gold investment. As long as part of this investment demand is transferred to gold ETFs, gold ETFs can have a good scale increase. A person in charge of precious metals business at a foreign bank is optimistic about the future potential of gold ETFs.