Gold s arrogant cupola yesterday, breaking the first target price of $ 980/Oz, rose to $ 984.65, and since then a nearly 7-month high, on March 17 last year hit a record high of us $ 1030.8, had insufficient distance 5%, record high close at hand! Saving the world economic recession and safe-haven demand remains the subject of market, sharp rise in demand was a key thrust of rising gold prices.
Negative bad credit car loans news still flooded the market. According to United States and the European round after saving the major banks, credit market is still not restored, serious losses of banking, stocks tumbled. Many analysts believe United Kingdom into a deeper recession, and by the year 2010 is difficult to bad credit repair reverse, this could make United Kingdom further lower interest auto loans for bad credit rates when the Central Bank s next rate resolution, and increase the money car loan application supply. Dollar index of index of industrial production, capacity utilization, housing starts decreased in indicators such as greater than expected. Under the many negative news,bad credit car loans markets for United States President Barack Obama announced the $ 275 billion housing rescue plan are lukewarm.
While the gold market is another scene.
The World Gold Council (WGC) reported 2008 Golden Globe of gold demand increased by 4% leasing a car with bad credit to 3,569 tons, investment beyond the jewellers and industry demand. Its quarterly report pointed out that the demand for car loans for people with bad credit dollar-denominated gold representing a growth of 29%, to $ 102 billion. Soaring demand for gold bullion and gold coins more than last year 87%, the global shortage of supply in many areas. Sharp growth in demand, creating a long-term bull market for gold.
Technically, gold opened at us $ 968.4 yesterday, closed at $ 984, by 1.6%. Closing price close to the day high of day on a line graph is a breakthrough on a long-term upward channel zhongyang line rail, but has been better than the day before yesterday declined. Long currently averages systems, technical indicators such as MACD signal is still in, but gold is near record highs, and almost reached the July 15 stages rally highs of $ last year, said that gold had entered a sensitive area, any negative car loans for bad credit message may cause significant volatility in the gold price. Gold s next resistance level for the psychological barrier of $ 1000 and 1030 dollars of record highs, removing support for $ 950 and $ 930.
