A record high of RMB -denominated gold precious me

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Through February silver futures last week, its biggest weekly gain since, gained 7.9%, and on Monday (May 30) continue to rise. due to the debt crisis and accelerating inflation in Europe driven by investors sought a safe haven for wealth, gold, or continuation of the rally since 2 weeks. RMB-denominated gold prices hit a record high Monday.
New York Mercantile Exchange (COMEX) Silver July Monday, the highest intraday futures rose 1.4% to $ 38.395. Spot gold was steady at $ 1,534.90 / oz. Shanghai Futures Exchange (SHFE) on Monday, gold hit 319.90 yuan / g high.
Greek Prime Minister Andreas Papandreou (George Papandreou) said, although he did not receive opposition support,cloth headbands, he will continue to the new austerity measures. Group of Eight (G leaders said the global economy is gradually strengthened, contains the 24 S & P Goldman Sachs Commodity Index commodities (Standard & Poors GSCI Index) higher last week, 3 weeks straight.
Korea Exchange Bank Futures Co. (KEB Futures) Chae Un Soo trader said: subjected to intense selling pressure due to rapid increases.
Greece because of fears 110 billion euros last year after the breach of financial assistance, European government officials are looking for way to rebuild investor confidence. Gold has been rising for 10 consecutive years,promotional clothing, reaching a record high on May 2 $ 1,577.57 / oz.
A certain foreign media on 19 traders, investors and analysts in the survey, 17 said that gold will rise this week, a bearish, a flat. The media data show that as of May 27, ETF product (ETP) the total amount of gold held by 2,057.679 tons, lower than the historical record in December last year, highest 2114.6011 tons.
U.S. precious metals consultancy (American Precious Metals Advisors) Jeffrey Nichols,personalized caps, general manager, said:
China National Gold Group (CNGC) that the next three years the price of gold will remain at historically high levels, and expressed the hope that investment to Africa. China National Gold Group has the largest gold reserves.
SUN Zhao, general manager of China National Gold Group School, said: / P>
At 20:44 GMT, spot silver edged down 0.18%, to $ 37.86 / ounce. Spot palladium fell 0.15%, to $ 757.40 / ounce, spot gold was quoted at $ 1,795.24 Platinum / oz.

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