US gold futures predict world economic recovery

-Freelance left Hongjiang recent data from major economies such as the United States and China have made people feel more "optimistic", showing signs of a slowdown in the global economy, a bottoming out, and a rebound in the world's major stock markets, market economies, especially global prices for agricultural, mineral and energy sources,　　The reaction to a warmer world economy is expected to be more pronounced. Gold prices will continue to rise in the United States Comex gold prices have been rising for two weeks, the opening price of Monday to 917.0 U.S. dollars/ounces, Friday intraday highs of 934.8 U.S. Dollars/oz (high since April 3), the end of the report received 931.9 USD/oz, week cumulative increase of 17 USD/oz. It is expected that in the short term, the United States Comex gold will be in the 930±30 dollar/ounce interval amplitude shocks, if the effective breakthrough 940-950 USD/oz resistance range, will continue to flush 1000 USD/oz mark;　　ounce below, 880-870 USD/ounce interval should be strongly supported. And the United States Comex period gold trend compared to the domestic Shanghai gold Company is relatively weak. Shanghai Jin Lien Monday Opening price of 201.05 yuan/grams, the high point of 204.09 yuan/grams (high since April 3), Friday tail plate received 203.23 yuan/grams, week accumulated up 1.88 yuan/grams, light trading.　　Shanghai Gold will be expected in the near future in the 200±10 yuan/grams range of narrow shocks; if can effectively break through 210 yuan/gram interval, will likely continue to flush 220 yuan/gram (February 23 high 217.84 yuan/gram), otherwise will fall back to 200 yuan/gram, 188 yuan/gram nearby will have the strong support. The relationship between Shanghai Gold and Comex period gold, dollar index and international crude oil is very high and the linkage is also strong.　　It is suggested that investors involved in the Shanghai gold trading should pay more attention to the U.S. Comex period gold, the dollar index and the international crude oil price trend in addition to the fundamentals. The possibility of a breakthrough in gold prices the author believes that the rapid spread of swine flu on a global scale will be a major blow to the current fragile world economy. While the test results of US banks and the stimulus package taken by the ECB have made people wonder if the bottom of the economy is around the corner, there is still great uncertainty about whether the real global economy is bottoming out or warmer. It is believed that the need to "buy gold" will increase. Of course, the gold price surge is bound to be curbed before the European Central Bank's action to sell gold is halted. But as the dollar index continues to weaken and the price of international Crude (black gold) rises, it is not surprising that the Comex gold price is likely to break through the 930-940 dollar/ounce range, rushing up to $960/ounce highs and even up to the 1000 dollar/ounce mark.