Chinese & Russians are heavy purchases of gold, Create a Strategy for the investment


Posted May 19, 2016 by EasyLiveTrade

Many reasons are increasingly in Gold live prices. Heavy purchases of gold, Create a Strategy for the investment.
 
In 2016 have been included in the gold commodity that most returns. In 2016, 14 % of gold in the domestic commodity market, and has been given a 20 % return in the international market. In the domestic market, gold is trading around the highest level since March 2014, also in the spot market has remained steady at around Rs 30000. There are several international prices due to the increase in the gold and are showing clear signs of a fast forward. According to US $ 1,350 in the international market in the domestic market in the near term gold 31.500 and can go up to an ounce.

Many reasons are increasingly in Gold live prices
1.China's heavy buying in Gold
Gold import in China since 2010 has been recorded more than 700 % faster. However, China has never officially announced its gold reserves. In 2015, China had purchased 992 tonnes of gold. Gold Reserve has more than 3,500 tons, according to the report by the Bloomberg China, but China has only 1,700 tons of Gold Reserve says. According to the World Gold Council, China is the country with the highest number of gold mining. China does not export the gold, so gold is produced in China, even as it remains in China.
2.Share in US Treasury debt is by selling gold to buy Russia
After Russia, China is also a large purchase of gold. In January, Russia had bought 22 tons of gold. According to the latest data from the Central Bank of Russia added a record 208 tons of its gold reserves in 2015, while in 2014 China had bought 172 tonnes of gold. Note here that this is a matter that has been selling its stake in Russia's central bank gold buying US Treasury debt. In December 2015, the share of Russia in the US Treasury bond dropped to 9,200 million dollars has been reduced, while in January 2014 it was $ 13.200 million.
3.SPDR Gold Fund's holdings at record level
The world's largest gold ETF holdings of the fund SPDR the highest level since May 2013 has been reached. Gold stocks have reached SPDR the current 851 tonnes. From January 2016 to April 2016 in SPDR gold to $ 450 million (about Rs 30 crore) has been invested. Given the positive signals in the Gold, SPDR is also increasing holdings in gold. Gold holdings in the past month increased by 6 % SPDR.
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Issued By Easylivetrade
Website Gold live updates by commodity market.
Country India
Categories Business , Finance
Tags commodity market , gold live , mcx , stock market , technical analysis
Last Updated May 19, 2016