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Gold extends loss amid liquidity crunch

时间：2011-09-27 07:10:20

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 　　CHICAGO, Sept. 26 (Xinhua) -- Gold futures1 on the COMEX Division of the New York Mercantile extended loss on Monday, the fourth straight drop in a row, as investors2 rushed for cash amid liquidity3 crunch4 due to massive losses on other assets.

　　The most active gold contract for December delivery lost 45 U.S. dollars, or 2.7 percent, to 1,594.8 dollars per ounce, the lowest settlement since July 8.
　　Market analysts6 said that the gold market is suffering drastic correction as investors are cashing in their profits to cover loss in other investments. Besides, the increase in margin7 requirement also added to the negative tone.
　　A trader noted8 that gold is one of the few assets that remain in positive territory this year, so investors head for cash from this market.
　　CME Group on Friday raised the margin requirements for some futures contracts of gold, silver and copper9. As a result, gold price plunged10 by more than one hundred dollars in the day, or 5.9 percent, the biggest drop in five years.
　　However, HSBC's analyst5 said that the decline in speculative11 positions meant that the short-term longs are being cleaned out of the market, which could leave gold well-placed to trade higher when the current selling cycle ends.
　　Silver for December delivery declined 12.5 U.S. cents, or 0.4 percent, to 29.976 dollars per ounce. Platinum12 for October delivery also shed 66.3 dollars, or 4.1 percent, to 1,546.9 dollars per ounce.

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1 futures Isdz1Q     
n.期货，期货交易
参考例句：
  • He continued his operations in cotton futures.他继续进行棉花期货交易。
  • Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。
2 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
3 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
4 crunch uOgzM     
n.关键时刻；艰难局面；v.发出碎裂声
参考例句：
  • If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
  • People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。
5 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
6 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
7 margin 67Mzp     
n.页边空白；差额；余地，余裕；边，边缘
参考例句：
  • We allowed a margin of 20 minutes in catching the train.我们有20分钟的余地赶火车。
  • The village is situated at the margin of a forest.村子位于森林的边缘。
8 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
9 copper HZXyU     
n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的
参考例句：
  • The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
  • Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。
10 plunged 06a599a54b33c9d941718dccc7739582     
v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降
参考例句：
  • The train derailed and plunged into the river. 火车脱轨栽进了河里。
  • She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。
11 speculative uvjwd     
adj.思索性的，暝想性的，推理的
参考例句：
  • Much of our information is speculative.我们的许多信息是带推测性的。
  • The report is highly speculative and should be ignored.那个报道推测的成分很大，不应理会。
12 platinum CuOyC     
n.白金
参考例句：
  • I'll give her a platinum ring.我打算送给她一枚白金戒指。
  • Platinum exceeds gold in value.白金的价值高于黄金。

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