International price of gold has experienced some time ago after the downturn, the recent rebound once again usher. Nevertheless, the market is not optimistic about the height of this rebound, especially in the United States withdraws from QE (quantitative easing) is a foregone conclusion in the case of gold will continue to show the long-term downward trend in the future. Investors are advised to attach importance to the gold price downside risks, the recent operation strategy with the main band operation, to buy or sell in batches, do not heavily loaded, not full warehouse.

According to the   Throttle Body  Kero noted, continued weakness in the dollar in the context of recent international price of gold rebounded significantly. The reason for this rebound, the market generally believed to be primarily due to continued weakness in the dollar index. Although the United States early last week, jobless claims 333,000, not only better than expected, and the mean of four weeks fell to the lowest since November 2007, suggesting that the U.S. labor market recovery is normally unchanged, plus Fed Governor Fisher said 9 FOMC decided to start a month is a good time to cut QE, but the dollar exchange rate set this expense, but the dollar index fell 0.3%, highlighting the intrinsic extremely weak dollar, given a golden opportunity to do more long term.

Gold analyst Zhao Bin relative to the reporter analyze the reasons gold rally. First, the international gold price from last October reached $ 1,798 / ounce, the gold began to enter the long process of decline, down duration, magnitude of the market the last decade are rare. In the course of this decline, there have been buying intervention, including international agencies, funds and even central banks are bargain hunters, and thus a staged rally; Second, with the price of gold continued to fall, has become increasingly close to the golden production costs, $ 1,200 / oz is that the parties agree that the average cost of production of gold at this price near a strong support; Third, the dollar index rebounded since July signs of slowing down, especially in July 10 dollars index fell after the slump, the gold price support enhanced; fourth, the euro zone economic data continues to improve, signs of stabilization of monetary policy, the exchange rate of the euro and the pound strong rebound against the dollar constitute greater pressure; fifth gold ETF holdings after July this year, the amplitude decreases, making gold selling pressure relief, improved market fundamentals.

Despite the emergence of the international gold price rally, but the market is not optimistic about the duration and rally round the height, analysts generally believe that the long trend, the future is still showing a downward trend of gold. Indeed, the international price of gold going through April fell after the cliff-style slump, and in June fell sharply again experienced the second time that the future trend of the market for gold serious differences, not strong willingness to do more.

Gold prices in June fell sharply in the second there are four main reasons: First, Fed Chairman Ben Bernanke made in May to exit QE, until 6,7 month after the U.S. Federal Reserve meeting on interest rates the attitude, you can clearly determine QE exit schedule determined by comparison, this is the most important reason gold prices; Second, the U.S. economic data was generally good, June employment data is relatively high this year, the second figure, a firm commitment of the United States withdraw QE, the dollar expansion The second rally, constitute greater pressure on gold; three gold ETF holdings in the second quarter of unwavering determination to enter July is still underweight; fourth is relatively strong bearish market sentiment, April first second crash as well as "aunt who" buy the dips, but the second decline, the market was very cautious, hunters strength weakened, losing buying support.

According to the   Throttle Body  Kero noted, although long-term trend of gold is still facing greater downward pressure, but experts believe that the likelihood of future crash is not large. ZHAO Bin believes that in the case of relatively weak market outlook, there is still a seasonal factors will support gold rebounded. From the history of the past few decades the gold price trend, 8,9,10 Gold usually seasonal rebound in the market buying stronger, so does the price of gold fell sharply, but even bounce, and the momentum will be relatively weak. He said that the future price of gold is likely to continue to decline, but will support the price of gold around $ 1100 and will not fall into the three-digit era.