silver spot price
Gold prices for the year 2556 also , depending on the year 2555 , in particular the monetary policy of central banks , large banks like the Federal Reserve (Fed ) European Central Bank (ECB ), Bank of China ( PBOC ) to ease monetary policy . Which is believed to have operated continuously during the year 2556 by the economic crisis that hit the U.S. fiscal problem ( Cliff tax ) and debt problems in Europe. Chinese garden that requires a monetary increase of the economic slowdown , although not as many interested parties Hard landing . But back to single-digit growth in 2555 was considered to affect the global economy . The monetary policy of the United States . Do you believe that the continuous relaxation . Depending on the impact of the fiscal cliff by the renewal of the tax can not keep up. Financial measures such as QE3 and the Fed Fund rate remains near zero level to continue with Operation Twist , which expires at the end of 2555 can be renewed . Which makes sense of the U.S. dollar currency . Probable continuously . The European debt crisis that will impact the investment market through the year 2556 to market volatility , investment has continued this year . Factor inflation in 2556 is not a factor to worry about because the energy demand could be reduced by the economic slowdown . The belief that the demand for gold , especially in the case of central banks , but may be offset by a reduction in demand in the jewelry industry . Estimated average annual exchange rate appreciation of the amount of Federal Reserve policy . Influx of capital . I believe that the policy rate could be reduced by 0.25-0.50 % reduction in the risk of inflation.
With the slowing economy , which is the main problem in the United States in 2556, the cut hard to use. Pay the bills. Also known as the Cliffs of Finance ( Tax Cliff ) , they may have to cut spending more than six hundred million ( if the tax can not be renewed for now), or cutting expenses , of approximately $ 8.6 billion in the United States . Cuts in legal fees amounted to $ 1.2 trillion . Moreover, the period of 10 years the U.S. . We believe that the reduction in government spending will cause the economy to grow at less than 2% in 2556, employment of workers in the state. The key ministries are cutting expenses. In addition, with the new graduates. The unemployment rate remains above 7% , which is higher than the target of the Fed to believe that the financial policy of the United States . Will continue in 2556, in particular the measures QE3 to increase the salary of four thousand millions of dollars in federal acquisitions continues the monetary base may be more than 2.8 trillion dollars. United States. That makes the U.S. dollar . The depreciation from current levels , as well as an increase in asset prices in the market.
The labor market , which is an important condition that the Federal Reserve used to determine the policy . Continue to slowly recover in the year 2556 that the U.S. market . Will be affected by the economy , especially outside of Europe into a recession that started slowly, as the state continues to cut costs continued to maintain fiscal discipline and not create more problems in the future. Which is comparable during the dot-com crisis in 2544 took five years to revive the labor market , such as the subprime mortgage crisis has more than damage. And the impact on the banking sector , which is the main mechanism of the economy. Attributed to the impact of external factors, while the labor market of the United States will take another 1-2 years to recover .
Emerging markets may be more relaxed monetary policy operations increased from two main reasons firstly the ' impact of the currency of the United States QE3 emerging trend strengthened continuously and affect international trade. It is believed that in 2556 the financial policy of emerging countries are more relaxed, especially in the exchange rate moves freely . This can be seen during the country launch QE3 many central banks have started to pay the money to the Brazilian Central Bank , Bank of Japan Bank of Korea. Including the Central Bank.
In addition , inflation in 2556 is believed to be more relaxed for the year 2555 demand and energy consumption reduced by slowdown in developed economies , especially the euro zone. Price increases are not very high . However, the risk factors in the Middle East , it is difficult to predict. Military clashes between the oil-producing countries may be the risk of inflation returning . In addition to natural disasters, is another factor that affects the inflation factor .
The demand for gold as international reserves have increased steadily , especially after the subprime crisis holdings of emerging economies. Currency because the U.S. dollar. Central bank reserves are used as weak and severely affect international reserves . As a result , the transition to gold reserves. In the past , central banks are selling gold constantly . Large economies with lower gold sales contract that requires the Central Bank Gold Agreement , central banks and large sales of IMF gold for no more than an agreement. Recently, the No. 3 ( CBGA3 ) restricting the year , no more than 400 tons, but can see that the central bank could not sell out since the year 2552, gold sales are only on sale for the year IMF. beginning in 2553 to 129.1 tons of gold to the Bank reflects the increasing importance .
ETF holdings of the fund, a record at the end of October 2555 SPDR Fund, a fund holding gold in the world . Levels of the estate has increased continuously reflect the view of investors, especially retail investors of gold. What is currently holding more than 1,300 tons, after the selling pressure in the first half of 2555 .
It can be seen that the demand for gold in the reserves and investment has increased steadily . However, demand in the jewelery segment decreased as a result of price increases . India is a country with one of the most gold consumption adjusted for import tax of 4%, but the gold is believed to affect the question , a little ' .
Supply increases the total supply of gold in the years 2552-2554 were 4,109 , 4,350 and 4,497 tons, respectively, an increase of gold production again. When considering the overall opportunity is still there for the year 2556, however, the volatility of the price of gold is likely to be inevitable. So be careful and follow closely the factors associated with it.
silver spot price
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