金價升破一千美元

無法笑

投機者憂慮美國銀行的狀況，金融股連日受遏，累美股連續兩天顯著下挫，道指昨晚早段曾再大跌138點，低見7327點，再創六年新低，歐洲股市在中段顯著下跌，德國股市跌逾4%，法國股市跌逾3%，英國股市亦跌近3%。資金緊急尋找避難所，令紐約期金一度升破1000美元，最高見1000.3美元，為過去11個月以來首見。
亞洲方面，跌勢最喘急的是韓國，收市時跌近4%，收報1065.95，其餘台灣、印度、新加坡、印尼等股市均跌逾2%，日本亦跌近2%。
紐約期金昨晚在紐約時段升至11個月以來的新高位，一度升破1000美元，高見1000.3美元，現貨金昨日在紐約曾升至每盎司999美元，主要因為資金蜂擁流入金市作避難所。分析師預測未來金價還將進一步攀升，可能升至每盎司1030.8美元。 I earlier anticipated would see 1032.0.

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Gold surpassed $1,000 an ounce in New York for the first time in almost a year as investors, hurt by plunging stocks and a deepening recession, sought to protect their wealth.

Gold futures for April delivery rose $25.70, or 2.6 percent, to $1,002.20 an ounce on the New York Mercantile Exchange’s xoxoex division. Earlier the price touched $1,007.70, the highest since March 18. Gold, the only metal to advance in 2008, has rallied annually since 2000 and is up 13 percent this year.

Global stocks extended an eight-session slide, erasing 54 percent of their market value since the start of last year on concern that the economic slump may worsen and wipe out corporate earnings. Governments are lowering interest rates and spending trillions of dollars to xoxobat the recession, spurring investors to buy bullion as a hedge against inflation. Demand has pushed gold holdings in exchange-traded funds to records.

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Gold last topped $1,000 in March as interest-rate cuts by the Federal Reserve propelled the dollar to an all-time low against the euro in July. The metal reached a record $1,033.90 on March 17 before retreating to as low as $681 by October 2008.

Analysts say the rally may continue as investors lose confidence in financial assets.

Stocks and bonds have trailed gold this year. The Standard & Poor’s 500 Index of equities has declined 15 percent and the benchmark 10-year U.S. Treasury has returned 0.23 percent.

The U.S. government has xoxomitted more than $9.7 trillion to resolve the economic crisis.

Benchmark interest rates in Japan and the U.S. are near zero while the Bank of England has slashed its main lending rate to 1 percent, the lowest ever.

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Gold above $1,000 may attract more investors seeking to take advantage of the longest streak of annual advances in the metal’s price in 60 years. Assets in some of the industry’s largest exchange-traded funds are at all-time highs.

Holdings in ETF Securities Ltd.’s gold exchange-traded xoxomodities rose to a record 7 million ounces as of Feb. 13. The SPDR Gold Trust, the biggest ETF backed by the metal, expanded to 1,029 metric tons yesterday.

Investment demand for bullion, including coins and bars, almost tripled to 399 tons in the fourth quarter, as total demand climbed 26 percent to 1,036.5 tons, the London-based World Gold Council said on Feb. 18. Retail and professional investors will continue to seek gold’s stability, said Aram Shishmanian, the council’s chief executive officer.

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Silver futures for March delivery climbed 55.5 cents, or 4 percent, to $14.49 an ounce in New York. The metal has surged 28 percent this year, the best performance among the 26 contracts on the UBS Bloomberg Constant Maturity xoxomodity Index. The metal fell 24 percent in 2008.

Investment in Barclays Plc’s IShares Silver Trust, the biggest ETF backed by silver, also rose to a record yesterday, topping 7,892.2 metric tons.

The highest prices in a year may encourage some investors to sell for profit, analysts said. Still, investors are boosting bets that gold may not fall below $800, options trading shows.

The most-active options on gold futures were contracts that give the right to sell the metal at $805 an ounce by April. Those contracts rose 10 percent to $2.20. They accounted for two-thirds of today’s 3,983 put trades, with about 84 percent of the contracts trading at the bid price, indicating that sellers initiated the transactions.

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“Investors selling out-of-the-money puts expiring in April think there’s a slim chance gold will decline back to $800 an ounce,” said by a  senior market analyst at Greenwich, Connecticut-based Interactive Brokers Group Inc.

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Gold’s all-time inflation adjusted record is $2,224 an ounce on Jan. 21, 1980, according to a calculator on the Web site of the Federal Reserve Bank of Minneapolis.

“From an inflation-weighted basis, gold is still pretty cheap,” A senior member of Logic Advisors said.

cyl338

原帖由 無法笑 於 2009-2-21 08:34 發表
投機者憂慮美國銀行的狀況，金融股連日受遏，累美股連續兩天顯著下挫，道指昨晚早段曾再大跌138點，低見7327點，再創六年新低，歐洲股市在中段顯著下跌，德國股市跌逾4%，法國股市跌逾3%，英國股市亦跌近3%。資 ...

昨晚最高是1006.2/6.8