Belgium five year CDS rates rose by 13 basis points to407 basis points

International spot gold on Friday (November 25) in the European market in a little over 1%, refreshing today as low as $ 1671.9/ounce, below are still confined in 1680 dollars an ounce, gold declines this week reached 2.5%, bond suffered selling in Europe, spread of European debt crisis continues to deepen, gold followed the decline in risk assets,At the same time, stronger dollar index continued pressured the gold price. 　　On Friday Italy extremely poor auction results, the auction of two kinds of short term government bond yields hit highest level since the inception of the euro. After the publication of the results, Italy five-year government bond yields hit record highs since the birth of the Euro 7.8%; two-year government bond yields rose 40 basis points to 8.3%. 　　At the same time, other Euro-bond yields rallied together with free debt, Germany Government bond futures extended declines, days fallen 54 beats hit low 134.49; Germany five year CDS rates rose 6 basis points to 115 basis points, chasing records. In addition the old republic power leveling, Belgium five year CDS rates rose by 13 basis points to407 basis points, an all-time high, Belgium/Germany ten-year bonds carry 368 basis points, highest since at least 2008. Germany Angela Merkel (Angela Merkel) resolutely oppose issuing common eurozone bonds and on containing the crisis against the European Central Bank plays a more important role in the process, these words on Thursday (1January 24) Conference held in German, French and Italian leaders to nothing, makes European debt solution still got nowhere. 　　In addition, the US dollar forced the gold price pressure, the dollar index Friday in the European market in constantly refreshed daily 79.63 to. South Africa's standard Bank (Standard Bank) analyst Walter de wEt said part of the stronger dollar is pressured the gold price factors, of course, gold prices are already too high, especially in India markets, rupee lower prices, demand for physical gold market has sharply declined, as strong levels it is not like 6 weeks ago. Wet said factor supporting prices was already gone, but we have not seen many negative factors in the market. But JaneSingle said, buy in, if even lower gold prices in the next few days, I wouldn't be surprised. 　　Spot Gold falls below $ 1650 there are also possibilities. Although UBS (UBS) said in its latest report in October, central banks ' gold buying again, net purchases in the last year, this is the last 20 yearsAppears. But the demand for gold in central banks, as well as the gold ETF innovation positions highlight market demand for gold or offset the negative impact of macroeconomic fundamentals.