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single. Zhao Bin gold analyst with the South are told reporters that Chinese gold T + D, gold futures increased rapidly after the opening of trading volume. From the number of the day, the gold exchange 80,000 hand, gold futures reached 38 million in hand for the past two. And yesterday's sell-off in China after the opening few minutes are done. For the afternoon, analysts generally are not optimistic. As of press time yesterday, the price of gold remained at $ 1110 / oz hovering nearby. Precious metals suffered capitulation last week, many unfavorable factors were improved, so that the risk of the market sentiment significantly strengthened. Greece's bailout deal and eventually passed the German national parliament, the whole thing finally come to an end count; was caused by global market turmoil A shares also showed a stable trend. Hedging demand continued to decline as investors continue to abandon the gold, instead chase risk assets. Federal Reserve (FED) master Xi Yelun optimism for the US economy, the United States reiterates its readiness to raise interest rates this year, so that gold speculators bullish sentiment reached record lows. Top Gold Industry Research Center, said the gold ETF-SPDR lighten up 11.63 to 696.25 tons, reaching nearly seven years of the new point positions from the highest of 1400 tons has been reduced by more than 50%, it is rare to lighten the recent double-digit indicating that the gold market funds accelerated evacuation signs, the price of gold is not a good thing. Precious metals market there have been some capitulation. Speculators cut long positions in precious metals bulls have never been so pessimistic. Speculative net long positions in gold plummeted 39% last week to the lowest level in history. Gold net long positions held by money managers scale hit the lowest level in 2006 the US government started compiling the data since. They also sell silver, platinum and palladium, the total net long reached the lowest ever of these metals. Last week, tracking commodity ETF's value evaporated about $ 2.1 billion, the most since March. UBS believes that there are still a risk exists: Gold lost status of traditional safe-haven assets, which could make some investors disappointed, thereby further aggravating the empty multi-turn market sentiment. Gold prices fell six consecutive trading days, for the second year in a long time to fall. Yesterday morning Zaiyu collapsing Monday Asia

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