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  3. Gold edged up in Asia’s afternoon trade on Thursday and looked well-suppo

Gold edged up in Asia’s afternoon trade on Thursday and looked well-suppo

游客2025-05-21  2
问题        Gold edged up in Asia’s afternoon trade on Thursday and looked well-supported around $400 by soaring 【C1】______ oil prices rekindling concern over inflation, traders said.
Spot gold was at $404.20/404.70 a(an) 【C2】______ by 0412 GMT compared with $404.00/404.50 【C3】______ quoted in New York on Wednesday. Dealers pegged key resistance at $405 an ounce.
       Dealers said investors were likely to lock in profits at current 【C4】______ prices but rising oil prices have 【C5】______ some physical demand. Gold has 【C6】______ by nearly nine percent since 【C7】______ this year’s low of $371 an ounce in May.
"The outlook is still for oil prices to reach $50 a barrel, having already risen $10 since the end of June and a whopping $16 a barrel or 50 percent over the last year," N M Rothschild said in a(n) 【C8】______ .
    "The market remains 【C9】______ about supply disruptions from Iraq. Higher oil prices bode well for gold, as the potential for inflation increases, which gold has historically been seen as a hedge against," it said.
       In the Tokyo gold 【C10】______ , the benchmark June 2005 gold contract rose one yen per gram to 1,424 yen.
      Gold has been 【C11】______ around $400 this week, but it is still some way off the heights 【C12】______ in January, when the market hit a 15-year peak of $430.50 as the euro 【C13】______ against the U. S. currency.
The euro was little changed at $1.2337. Some dealers pegged upside target at $410 an ounce but any move upward would 【C14】______ on how the dollar behaved against other 【C15】______ .
      "There’s a little bit of physical demand but overall trading is quiet. I think trading range in Asia will be between $404 to $406 an ounce," said one dealer in Hong Kong SAR, a key bullion trading center in East Asia.  [br] 【C3】______
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答案 B
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