[Body read the tape] Shanghai interim limited impact on China rate hike, gold is still room

Although China's central bank announced late yesterday to raise interest rates again, but a limited impact on the gold market, gold rose $ 12 in London overnight to close at $ 1,mac makeup,364. The Chinese New Year holiday period, mixed economic data by the U.S. Federal Reserve Chairman speech and the situation in Egypt, the impact of multiple factors such as the gold at 1300 dollars / ounce first-line support and effective, showing upward trend shocks. As of February 8, the London gold closed at $ 1,vibram five fingers,364 / ounce, higher than February 1 closing price of $ 1,342 / ounce up 22 U.S. dollars / ounce, or about 1.64%, including 8 intraday record $ 1,368.35 / ounce three weeks high.
the domestic front, today's Shanghai Golden main contract opened sharply higher after 1106, intraday volatility lower, to close, to close at a small Yinxian, to close at 292.96 yuan , rose 3.84 yuan higher than the previous day, the amount of Masukura reduction.
Fundamental analysis:
China, the central bank to raise interest rates for the first time during the year, inflation was determined. People's Bank of China, from February 9, 2011 from financial institutions raised the benchmark deposit and lending rates. The one-year deposit and lending rates by 0.25 percentage points, respectively, other deposit and lending interest rate adjusted accordingly.
China to raise interest rates again yesterday, almost no effect on the gold market, mainly because the market in China has been gradually tightening certain expectations, so the gold little impact on prices, while gold is now more isolated by the international motivated by political instability, the relative impact of interest rates has been the first time last year, when there is no big, but more will be subject to U.S. geopolitical and economic trends and other factors.
exception of China to raise interest rates again, but the high inflation, Bank Indonesia also announced on Friday, the benchmark interest rate by 25 basis points to 6.75%, before widely expected to keep interest rates unchanged.
the United States, 2010, issued by U.S. mortgage lenders commercial mortgage loans totaling 110 billion U.S. dollars, up 36% over 2009, indicating that the U.S. commercial real estate market has been steadily recovery, to avoid the risk of collapse once again.
positions, the world's largest gold etf-spdr said that as of February 8, the gold open interest fell slightly 0.304 tons, to 1,nhl hockey,228.560 tons.
Expectation:
as China and India to raise interest rates again, and the sharp rise in international commodity , worldwide rising inflationary pressures, in addition, North Africa and the volatile political situation in the Middle East also brings support for the gold, and gold as a safe store of value and the hedging instruments, investors will once again stimulate the market preferences, but also stimulate the U.S. economy improved investor risk appetite,insanity dvd, the short term, gold will rely on the 5 day moving average support shock upstream, there is still some upside.
(mid-term R & D Shanghai: Li Ning)