Under the influence of the Ukrainian situation, the price of gold once broke through the important threshold of US$1300/oz on Monday (May 12th). However, the final momentum did not fall below this level.
1. According to request it can do a single-stage and
continuous cutting.
2.
Operation of
this machine is simple, reduced operational requirements of workers.
3.
Machine with
high degree automation, can achieve a continuous, intermittent feeding,
effectively improve work efficiency;
4.
Simple
operation, flexible adjustment and stable operation.
5.
Multi
-purpose machine, can complete continuous feed and cutting length.
Angle Iron Root Cleaning Machine,Angle Bar Root Cleaning Machine,Angle Steel Machine,Heel Milling Machine for Angle Tower Shandong EN FIN CNC Machinery Co., Ltd , https://www.shuofangcn.com
A bank’s precious metals analyst James Steel said: “This is a combination of several factors. There are regional disputes, not only in Ukraine but also in the euro, which also provides some support to the gold market.â€
Ukraine's eastern Donetsk region and Lugansk Region announced on Monday that they announced the disengagement of Ukraine as a "sovereign state" according to the results of the referendum.
In addition, Steel also believes that physical demand in Asia is showing signs of rising.
In addition, a New York trader believes that the technical side also played a role in the trend of gold prices overnight.
“The price of gold fell first after the opening bell yesterday, and the lows reached were in line with the long-term trend line,†said the trader. “The price of gold has remained at this level since then, and I think there is a short covering. When the price of gold rises above $1,295/ounce, There has been more buying."
"I think the market wants to reverse after the December low," said the trader. "It looks like it was building at a level of 1275 to 1285 per ounce. There may be some demand." 
