11 February 2014 - 黄金需求正快速恢复 价格稳步上行

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• 11 February 2014 - 黄金需求正快速恢复 价格稳步上行
• 11 February 2014 - Gold demand turns east
• 11 February 2014 - Public Gold To Hold Seminar On Importance Of Physical Gold
• 10 February 2014 - Gold price rises as Chinese demand returns

11 February 2014 - 黄金需求正快速恢复 价格稳步上行 Posted: 11 Feb 2014 02:19 AM PST From:http://gold.jrj.com.cn/2014/02/11170216644978.shtml 自进入2014年后，黄金在质疑声中维持强势反弹格局，去年全年美国经济都保持了较好的复苏态势，这使得包括美联储官员在内的市场人士对于美国经济复苏持乐观态度。但短期美国经济的波动出人意料，就业市场的连续走弱令经济复苏的前景再次黯淡，在此背景之下，黄金对于资金的吸引力逐步增强，价格稳步上行。 美联储的货币政策目标为稳定物价以及充分就业，在失业率降至7%以下且通胀率不高于2%的情况下，美联储似乎正在出色地完成其货币政策目标。从新凯恩斯主义学派观点来看，对于短期经济波动来说，就业与通胀是不可兼顾的，这是由菲利普斯曲线的特性所决定的。但目前，美国的通胀以及通胀预期并没有走高迹象，失业率则出现了较为明显的下滑。通胀预期过低势必导致消费不振，且由于较低的通胀担忧，现金的持有比例也将较大，这必将导致总产出的减少，进而压低实际就业率。目前，官方失业率的下降只可能是由于劳动力人数减低所致，反映劳动力人口对经济现状失去信心，从而退出劳动力市场。 此外，预期通胀率低迷也使名义工资得不到有效增长，进一步抑制了劳动力的需求和供给，这就造成了结构性失业而非摩擦性失业。美国1月非农就业人数增长11.3万人，远低于预期的增长18.5万人，美国1月份失业率6.6%，预期为6.7%。从上述的观点出发可以推断，美国近期的就业市场恶化并非是单纯由于天气原因造成，而是由于经济整体结构尚未恢复所导致，在未来较长的一段时间内美国零售、制造业以及就业市场的数据可能出现再次集体走差的局面。美联储退出量化宽松货币政策的步伐将受到严峻考验，而美国股市以及全球股市的走低将进一步促进资金流入黄金市场。 除了宏观经济运行情况支持强势金价意外，基本面的供求情况也显示出黄金的需求正在快速恢复，COMEX期金的主力合约以及远期合约价格均低于2月合约价格，这一强烈的现货溢价现象表明黄金市场的资金净流出现象正在改善，而且短期内现货的需求十分强烈。黄金的需求曲线向右移动，主要得益于中国在争夺黄金定价权方面的积极战略，也得益于全球权益类市场的阶段性头部来临而导致的资金回归效应。同时，对于黄金的供给来说，由于金价的长期下行导致了全球黄金生产企业的生产能力低迷。供给减少与需求短期迅速增加，是价格上行的基本驱动力，在此种驱动因素作用下黄金的上行空间打开且上行的基础稳固，若无意外情况出现，2014年黄金的价格中枢将上移至1400美元附近。 短期来看，金价在1300美元下方仍将经历波折，价格波动对于经济数据的敏感性会逐步增强，尤其是对于利空信息的反应在短期内可能出现过度从而导致价格波动风险，但价格的短期波动不会改变金价的中期运行方向，一旦突破1300美元的压制后金价或将出现快速上行的走势。 Source:http://gold.jrj.com.cn/2014/02/11170216644978.shtml

11 February 2014 - Gold demand turns east Posted: 11 Feb 2014 02:18 AM PST From:http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=142392&sid=41538837&con_type=1&d_str=20140211&fc=2 Gold consumption and production in China hit records as prices that slumped in a bear market spurred sales of jewelry and bars, underlining a shift in global demand from west to east. Usage surged 41 percent to 1,176.4 tonnes in 2013 from the previous year, according to data issued by the China Gold Association yesterday. Output rose 6.2 percent to 428.16 tonnes, making China the largest producer for a seventh year, the Beijing-based association said. China probably overtook India as the largest user last year, according to the World Gold Council, which highlighted the eastward shift in global demand as holdings in exchange-traded products contracted by a record amount. Gold posted the biggest annual price drop since 1981 last year as the US Federal Reserve prepared to scale back monetary stimulus measures that boosted asset prices while failing to stoke inflation. "The surge in Chinese gold consumption has helped to limit price declines," said Duan Shihua, a partner at Shanghai Leading Investment Management. "If Chinese demand is sustained, it will be a long-term bullish factor." Liu Xu, an analyst at Capital Futures in Beijing, estimates that China's demand topped 1,400 tonnes in 2013 as the association's data probably does not include government purchases and buying by financial institutions. Usage by China's jewelry industry climbed 43 percent to 716.5 tonnes in 2013. BLOOMBERG Source:http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=142392&sid=41538837&con_type=1&d_str=20140211&fc=2

11 February 2014 - Public Gold To Hold Seminar On Importance Of Physical Gold Posted: 11 Feb 2014 02:15 AM PST From:http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=1013335 GEORGE TOWN, Feb 10 (Bernama) -- Public Gold Group, will be organising a wealth protection seminar titled "Preservation of Wealth with Physical Gold" on March 1 at TH Hotel in Kelana Jaya. The one-day seminar is aimed at emphasising on the importance of physical gold and how the Muslim community could benefit from it. Public Gold executive chairman Datuk Louis Ng said the compny believed that nothing else could replace precious metals as a form of wealth protection. "Public Gold aims to educate more people on the importance of physical gold and silver so they could benefit from it, leading them to a brighter future," he said in a statement here Monday. He added that precious metals have played an important role in the Islamic community. "History showed that owning precious metals, particularly physical gold, was seen as an honour as enlightened by the Prophet Muhammad (SAW). Precious metals not only are good for wealth protection but can also be used to pay zakat, the Islamic annual tithe, which are being passed on to help the poor and less fortunate ones," he said. The seminar will feature four speakers who are experts in the industry as well as analysts and practitioners with years of experience to share their insights on the importance of physical gold and how it could preserve one's wealth in accordance with Islamic teachings. -- BERNAMA Source:http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=1013335

10 February 2014 - Gold price rises as Chinese demand returns Posted: 11 Feb 2014 02:10 AM PST From:http://www.financialexpress.com/news/gold-price-rises-as-chinese-demand-returns/1223958 Gold edged higher on Friday as Chinese buyers came back into the market after a week-long holiday and was set to rise for a sixth week out of seven as global equities remained on edge over economic growth concerns. Traders, however, were holding off on big bets until after the release of the U.S. nonfarm payrolls report later in the day, which could provide clues about the strength of the recovery. Spot gold rose 0.4 percent to $1,261.65 an ounce by 0714 GMT. It has gained about 1.5 percent this week. U.S. hiring likely snapped back from a three-year low in January and kept the unemployment rate steady at 6.7 percent, according to a Reuters poll of economists, but some warned that extremely cold weather could have had an impact. "Like every other market, gold is waiting for the nonfarm payrolls for cues," said Victor Thianpiriya, an analyst with ANZ. "If it is a bad report, the market will likely discount it as being a weather related issue like we saw in December. The initial reaction would be a spike in gold prices but that would be wound back in the ensuing days," he said. After a mixed bag of economic data in recent days, markets are looking towards the jobs report on Friday to provide some clarity on the state of the economy. The number of Americans filing new claims for unemployment benefits fell more than expected last week, data showed on Thursday, but other data showed a slump in U.S. exports in December. Silver, tracking gold, is up 4 percent this week - its biggest weekly gain since mid-August. CHINA DEMAND Markets in China, the world's biggest gold consumer, opened on Friday after a week-long holiday for the Lunar New Year, boosting volumes that had thinned during Asian hours in the past few days. Premiums for 99.99 percent purity gold, the most-active spot contract on the Shanghai Gold Exchange, climbed to nearly $11 an ounce over London prices on Friday. They were about $4 last Thursday just before China before went on the holiday. Trading volumes had reached 22.438 tonnes by 0713 GMT - the highest since January 6. Source:http://www.financialexpress.com/news/gold-price-rises-as-chinese-demand-returns/1223958

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