Gold dragged down by the rise in the dollar

Yesterday, due to investors' concerns about the economic outlook and the European debt issue, the US dollar rose sharply, dragging down the gold and silver and continuing to maintain the shock. Gold fell back to after 1710, the lowest to 1676 US dollars; silver did not stand near 31. Domestic prices followed international price trends. The Shanghai Gold Exchange (AUTD) closed at 348.30 yuan yesterday evening and silver closed at 6,800 yuan yesterday evening.

The European Commission announced on the 23rd three possible options for issuing "stable bonds" for the euro zone's common bonds. The three options are as follows: First, the euro zone issues unified bonds, 17 member countries provide joint guarantees for common bonds and stop issuing their own national debts; Second, the euro zone issues unified bonds, which are provided for some heavily indebted countries. Joint and limited guarantees, but still issuing their own national debts; Third, the euro zone issues unified bonds, replaces a part of the national debt of member countries, and each member country provides corresponding guarantees based on the replaced shares. However, Germany, the largest economy in the euro zone and the European Union, has consistently opposed the issuance of joint bonds, noting that this will not only help resolve the debt crisis, but also drive up the cost of the economy. The rumors of the European Central Bank or the proposal to provide the IMF with the IMF also because there is no further progress in the opposition of the German and European Central Bank, in the situation is so urgent, the euro zone still can not come up with specific solutions. The current European debt crisis may spread to France, followed by Fitch said that if the European debt crisis led to a sharp decline in the economy, the French AAA rating or faced with **, and Moody’s as early as Monday has said that the recent rise in French bond yields may be on France Sovereign rating poses a negative effect. The news of the failure of the German government bond auction was even a heavy blow to the euro. Germany auctioned a 3.6 billion euro zone 10-year Treasury bond, the subscription rate was only 1.07, and the auction price originally planned.