Ikon forex “Shanghai spot gold slightly closed low early on Monday in forex market"

[laura]

The spot gold price of AU9999 and AU9995 in Shanghai Gold Exchange as well as Gold T+D slightly went down early in forex market on Monday (January 17).
Gold forex price of AU9999 was opened at 295.79 yuan, and the highest and lowest points were 295.79 yuan and 294.55 yuan separately; early in the forex market the close quotation was at 294.90 yuan, and compared with the previous trading session this forex price went down by 0.89 yuan and the slump amount was 0.30 percent.

The gold forex price of AU9995 was opened at 294.50 yuan and the highest and lowest points were 294.90 yuan and 294.50 yuan separately; the close quotation early in the forex market was at 294.79 yuan , compared with the previous trading session it went down by 0.91 yuan, and the slump amount was 0.31 percent.

Au(T+D) was opened at 293.40 yuan, and the highest and lowest point was 293.40 yuan and 292.75 yuan separately, the close quotation early in the forex market was at 293.00 yuan, compared with the previous trading session, it went down by 1.50 yuan and the slump amount was at 0.51 percent.

The international spot gold price slightly went up early in the forex market, and the highest point it had reached was at 1365.85 US dollars per ounce, far from the lowest point for the week which had been made on last Friday at 1360 US dollars. Because of the panic emotions of the sovereign debt crisis in EU, the hedge demand of gold suffered great pressure, but PBOC increased its deposit reserve ratio again and made the forex price of gold slump down sharply.

Edited by laura in Ikon Group.