Global market conditions

Hang Seng Index Hong Kong stocks closed yesterday's23,249.80points,rose241.81points,lincrease1.05%. The Shanghai Composite Index closed at2,823.45points,rose3.27points,lincrease0.12%.The Shenzhen Component Indexclosed at12,310.40points, down25.90points, or0.21%. Japan's Nikkei average closed at9,988.05points,rose51.01points,lincrease0.51%.

Hong Kong stocks performed well, mainly to benefit from thedomestic manufacturing purchasing managers index rose relations, good, the market trend.Trading down, with a total turnover of only890million.

Each of the two rise and fall of domestic stock market, investor sentiment indecisive market, while manufacturing activity registered a high since April, a favorable investment climate. On the other hand, this data but on tightening fears increase, therefore the market is good light contention, the lack of clear direction.

Japan's stock market up higher, positive factors from the United States and China, encouraging economic data, therefore, to bargain when buying a desire to heat up, pushing the status of Kaohsiung.

Lastnight UnitedStates stockmarket threemajorsharp movement of the Index, the Dow Jones industrial average closed to11,255.78points, up249.76points, an increase of2.27%. Standard & Poor's500index was at1,206.07points, up25.52points, an increase of2.16%. The Nasdaq composite index closed at2,549.43points, up51.20points, an increase of2.05%.

U.S. stocks rose substantially positive factor in employment data from the ideal, and the White Paper and the Fed report described the overall U.S. economy are positive of it.

The three major European markets also rose up across the board, London's FTSE100closed at5,642.50points, up114.23points, an increase of2.07%. ParisCAC 40is closed at3,669.29points, up58.85points, an increase of1.63%. FrankfurtDAXclosed at6,866.63points, up178.14points, an increase of2.66%.

European stock markets rebounded well, with the market for the United Kingdom, Germany, as well as the euro zone manufacturing purchasing managers index rise in satisfaction, mood absorb soaring, banking and auto stocks highly sought after, become a rising market power.

Trend of gold price

London gold closed at$ 1,388.0U.S. dollars, while the London bank is closed at$ 28.39dollars.

Yesterday the price of gold before the show in the U.S. market rally, Takami$ 1,396level after the weak U.S. dollar, but also then turn around and come down, but hit$ 1,381U.S. will soon have the level of buying support, and ultimately keep the$ 1,388dollar level to close.

With the trend of tight gold Euroagainst the U.S. dollar on the pace to run, on the other hand, European stock markets soared, affecting the flow of funds, the price of gold therefore unable to$ 1,396U.S. dollar level of heights, try$ 1,400U.S. dollar level resistance.

At the same time, Europe's two most significant injection made good economic data, investors bear the risk of over heating desire, the need for cash in the golden city is not urgent, therefore, the price of gold after the consolidation of fast and short After buying into the market to absorb instantly.

In addition, persons of European and American market, the negative economic outlook had hoped to reduce the price of crude oil recorded impressive gains, and gradually up the test barrel,$ 87dollars in the resistance, this brought about by inflation, the price of gold constitute a lot of support.

Can short-term gold price$ 1,380dollars to stabilize the foot level stations will depend on profit-taking among investors, because the desire to hedge from the holdings of gold, will be heating up. This regard, relying on the European debt crisis and the global recovery prospects and vision to match.

Short-term price of gold should be in the$ 1,378U.S. to$ 1,400dollars move between the level of the range, while in the test$ 1,400U.S. dollar level of resistance, while the cumulative price of gold up more to stimulate a positive factor.

Short-term gold price in the$ 1,378level may be optimistic about the hope that U.S.$ 1,400dollars, stop-loss on the$ 1,374dollars.

Silver prices in the$ 28.18level can be optimistic about the U.S. look$ 28.82dollars, stop-loss on the$ 28.08dollars.

Precious metals forecasts  

Kong -12,660Hong Kong dollars on the look promising12,880Hong Kong dollars, stop-loss in the12,620Hong Kong dollars.

London Gold - $ 1,378USD bullish on the hope that$ 1,400dollars, stop loss at$ 1,374dollars.             

London Silver - $ 28.18U.S. optimistic on the look$ 28.82U.S. dollars, stop loss at$ 28.08dollars.