Although 23 late gold no fluctuation before one day price fluctuation $50 so big, but the $876 to $895 is also a big range. Nyse instant gold prices fell $7 to $883, previously dip to low of $876.15. Crude oil futures for the second consecutive day fell more than $2 to $87, the main reason is the traders worry about a recession in the United States the United States to reduce crude oil demand.

Most analysts believe the market price fluctuations last night is completely short-term profit consolidation needs, gold will likely in nearly a month or two months time, the breakthrough resistance level and more than a week before the peak of $914.35, $950 level. Yesterday, the federal reserve to cut interest rates 75 basis points, if coupled with the end of the month another 50 basis points rate cut, the demand of gold in the near future will be impossible to decrease. At the same time, we also noticed that global gold buyers in in succession, spot gold and futures market funds in the unceasing increase, any low will have strong support.

The medium term, because investment gold is a natural against high inflation and recession of the most effective means, investors will return to the gold market in succession, plus the fed will continue to loose monetary policy, depreciation of the dollar will face great pressure, gold is slowly climb in. But before this short term fluctuation consolidation. At the same time we should pay attention to transverse comparison, in the near future the world a crash days, we have seen the precious metals market performance, there is no doubt that it will attract more investors to precious metals, especially in gold, the most eye-catching performance, value and appreciation of the potential maximum. Recently the price of gold movements we should pay more attention to the stock market trend situation. Wall Street stock market in the United States market overselling short-term see bottom rebound, financial plate performance most active, the fed's monetary policy really helped a lot of busy. The European central bank and the bank of England is likely to step on the heels of the federal reserve to cut interest rates.

Pay attention to the us stock market trends

The us stock market finally came to an end after six days decline, in the federal reserve emergency cut rates by 75 basis points under the stimulation of last night, the dow Jones industrial average index rose 299 points to 12270.2, 30 kinds of industrial stock of 26 only rise, investors are looking forward to the next step in the federal reserve to cut interest rates.

Peter Boockvar, Miller Tabak senior strategic investment experts believe that now the stock market appeared overselling phenomenon, in the external policy under the stimulation of, a short-term trend rebound is inevitable, but should pay attention to at present the bottom of the stock market is only a short-term bottom, the United States economic recession in the United States will be an enormous influence on the stock market.

S&P 500 index rose 28.10 to 1338.60, or 2.1%, The Nasdaq composite index rose 24.14 points to 2316.41, at 1.1%. The New York stock exchange yesterday's volume is breathtaking, to 2.83 billion shares, history is the second high, rising stock number is the number of shares down three times. August 16, 2007 volume reached 3.6 billion strands, rising stock quantity is falling stock number of 2 times.

Technology surface

Although we have seen in the stock market fell after the rebound, from gold market pull away into the stock market to fill the loss of the first wave of funds has been basically finished, so our money from the stock market return to the gold market phenomenon is don't feel strange. A short time gold possible parallel consolidation, but easy monetary policy will result in rising inflation, intermediate gold go high is a kind of inevitable trend.

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