Gold Ended Seven Consecutive Falls, The Investment Master Said Gold Prices Still Fell.

Monday, Gold price After seven consecutive trading days, especially after a sharp fall of 1.6% last Friday, it was relatively strong rebounded by the admission of investors and the market short back repair operation, and the price of silver rose from a low level since 2010. The main gold price in the trading rose to $1384.10 an ounce.

The New York Mercantile Exchange's main gold contract in June rose 19.40 U.S. dollars to close at $1384.10 an ounce, or 1.4%. The main contract also fell 1.8% to 1340 U.S. dollars an ounce earlier, but was backed up by investors' bargain taking and market short back repair operations.

　　 gold The price has fallen by about $109 in the past seven trading days, the latest such a long decline or the eight consecutive trading day in 2009. Gold prices have fallen by 6% since May, continuing the 7.8% decline in April.

In terms of other metal prices, the July silver contract rose 23 cents on Monday, closing at $22.58 an ounce, or 1%, a rebound from last Friday's lowest closing price since October 2010, while the same period in July rose 4 cents, or 1.2%, at $3.36 a pound. Copper prices fell for the first time since last week.

Palladium contracts rose $10.50 in June, closing at $750.75 an ounce, or 1.4%, while platinum rose 16.60 in July to $1484.60 an ounce, or 1.1% in June.

Jim Rogers, the investment guru, said at the Ninth China (Shenzhen) Expo 20, that gold prices continue to fall in the future.

He said that the drop in gold prices was not surprising. The Fed continued its quantitative easing measures. The Bank of Japan also followed suit in April this year. These factors should have been good for gold, but the price of gold fell instead. This abnormal trend is disturbing. As the world's largest consumer of gold, India has been able to curb gold demand by raising the gold import tax, while eurozone countries such as Cyprus will sell gold to repay their debts. At the same time, many commodity market analysts have warned on technology that gold will continue to fall.

He said that although he has some gold, he is still at present. gold market Abnormal performance is not the best time for investors to buy and sell. The price of gold has been rising for 12 consecutive years. It needs to undergo a correction period. Gold prices may hit bottom in the next few months, but the specific time is hard to predict.

Rodgers, the first time a Chinese bank has signed a strategic cooperation agreement with FAB, a Chinese cultural enterprise, including investment in shares, may invest more in the future. He said that China's economic growth has led to the development of agriculture, high-tech, pollution prevention, tourism, culture and other industries, and overseas investors are facing many opportunities.