China Increase Rates Gold Sink

Because worried that China will reduce the inflationary pressure through the interest on futures, the gold stock Friday largely slides.

New York Commercial Exchange COMEX Department in December finalizes the gold stock fell 37.80 US dollars, reports each ounce 1365.50 US dollars, the decline range is 2.7%, has created since the beginning of July the odd-numbered days greatest decline range.the FactSet Research data demonstrated that in the contract plate is lowest drops to 1359.30 US dollars. Time gold stock Asia trades then fell above 30 US dollars, when New York opening price has the bounce.

After other bulk commodity as well as the global stock market appear falls, the mental strain the investor starts to sell the gold.The gold stock fell 2.3% this week, the decline range was biggest for the past four weeks in for one week, also after was continuously two week rise, fell for the first time.

Chicago LaSalle Stock Company trades Matt Zeman to indicate that if Chinese interest on futures, then other countries also with the interest on futures. Then the gold will take refuge from danger the inflation risk the attraction then to weaken.