ING: FINANCIAL CREDIBILITY CONCERNS PUSHING GOLD PRICES BACK UP TO OVER $4,600

ACCORDING TO ING, CONCERNS ABOUT FINANCIAL CREDIBILITY CONTRIBUTED TO THE RECOVERY OF GOLD PRICES TO $4,600 PER OUNCE IN ASIAN TRANSACTIONS, A SIGNIFICANT REBOUND FROM A LOW POINT OF ABOUT $4,000 IN JULY. ACCORDING TO ING ANALYSTS, THE RISE IN GOLD IS CLOSELY LINKED TO THE GROWING CONCERN ABOUT THE FISCAL PROSPECTS OF THE UNITED STATES, PARTICULARLY THE PROSPECT OF THE UNITED STATES TREASURY EXPANDING ITS BOND PURCHASE PLAN, WHICH HAS REVIVED MARKET CONCERNS ABOUT THE SCALE OF GOVERNMENT BORROWING AND LONG-TERM FINANCIAL CREDIBILITY. THIS DEVELOPMENT HAS ALSO REKINDLED CONCERNS ABOUT CURRENCY DEVALUATION, FURTHER INCREASING THE TRADITIONAL ATTRACTIVENESS OF GOLD AS A MEANS OF VALUE STORAGE。