11 April 2014 - Gold price up on Fed minutes, Ukraine worries and tanking stocks

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11 April 2014 - Gold price up on Fed minutes, Ukraine worries and tanking stocks Posted: 11 Apr 2014 09:40 PM PDT From:http://www.mining.com/gold-price-up-on-fed-minutes-ukraine-worries-and-tanking-stocks-25916/ Frik Els | April 10, 2014 The price of gold built on recent gains on Thursday reaching a two-week high after soothing words on US interest rates, stocks suffered major declines and worries the situation in Ukraine could deteriorate into chaos led to safe-haven buying. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery in late afternoon trade exchanged hands for $1,320.50 an ounce, up more than $14 from yesterday's close. The metal touched a two-week high of $1,224 earlier in the day. Russia on Thursday warned Ukraine that it could cut of its gas supplies over more than $2 billion of unpaid bills. Pipelines crossing Ukraine supply 15% of Europe's natural gas. At the same time Nato warned that a Russian force of 40,000 troops on the Ukrainian border was "at high readiness". Gold's status as a hedge against inflation was also burnished after minutes from the US Federal Reserve released overnight showed the bank would continue scaling back its stimulus measures at a steady pace, with an early rise in interest rates unlikely. US stocks – particularly the tech sector – were slammed on Thursday with the Nasdaq Composite posting its worst session in more than two years. The blue-chip Dow Jones losts 267 points while the broader S&P 500 gave up just over 2%. More investors believe a correction in frothy US stock markets are long overdue and are rotating back into gold thanks to its perceived status as a storer of wealth. Marc Faber, editor and publisher of the Gloom, Boom & Doom Report, told CNBC a 1987-type of crash in the S&P of 30% is coming in the next 12 months. Source:http://www.mining.com/gold-price-up-on-fed-minutes-ukraine-worries-and-tanking-stocks-25916/

11 April 2014 - 英媒：中国黄金的实际储量比官方数字多 Posted: 11 Apr 2014 09:38 PM PDT From:http://gold.hexun.com/2014-04-11/163828555.html 2014年04月11日08:38 来源：东北网 英国《每日电讯报》4月9日文章，原题：中国黄金储备比官方数字多 网络贵金属交易商——美国金汇投资集团研究员麦克劳埃德说，中国黄金的实际储量可能超过外界此前预期。 来自中国黄金协会的官方数据显示，2013年中国消费1176吨黄金，比2012年高出41%。然而，中国黄金协会并未把约500吨产自本国金矿及从废料中提取的黄金计算在内。 麦克劳埃德认为，中国实际黄金储量超过官方数字，且2013年的实际黄金消费量达4843吨。对中国黄金报告进行研究后，他提高了对于中国黄金消费量的预期。他说，中国存入金库的黄金数量在稳定增加。 麦克劳埃德表示，中国黄金储量的增长与中国政治息息相关。"这符合中国地缘政治战略。通过控制大量黄金，中国就在与西方的金融关系中占据优势，让中国在面对美国时更有力量。" EFT证券公司研究主管马丁·阿诺德说，外界对于中国黄金储量的评估可能过低。"中国是世界最大的黄金出产国。它是一个黄金净进口国。2013年达到创纪录水平，进口量约为3500万盎司。" 阿诺德表示，中国拥有大量黄金储备，使自身投资多样化，意味中国不用再受制于美国的政治决策或货币政策。(作者奥莉维亚·古德西尔，伊文译) Source:http://gold.hexun.com/2014-04-11/163828555.html

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