东京黄金期货主力合约9月25日收盘走低（Tokyo gold futures contract closed lower in September 25th）.doc

东京黄金期货主力合约9月25日收盘走低（Tokyo gold futures contract closed lower in September 25th） On Monday (September 24th), the European market intraday, the euro against the U.S. dollar shock in the 10 day moving average below 1.3000, came to Spain a lot of instability factors, so that the euro bulls high cold. The euro was trading at $1.2990 on Friday (September 21st), up 0.2% on the previous trading day, approaching an important technical resistance position of 1.3072 (100 day moving average). The German weekly magazine Der Spiegel reported on Sunday (September 23rd) that the euro zone countries plan to allow the European stability mechanism (ESM) to use capital leverage to expand lending capacity. At present, the maximum ESM is 500 billion euros, but once leveraged, it can have nearly 2 trillion euros of loan capacity. However, Finland is still opposed to the use of leverage instruments, and the meeting of euro zone finance ministers has failed to reach an agreement immediately. According to the report, ESM will buy only the highest risk bonds issued by countries such as Spain and attract private investors to buy the remaining bonds issued by these countries, according to the leveraged scheme (ESM). European central bank debt collection plan implementation: Spain requires comprehensive assistance, but Spain is ambiguous. Spanish economy minister de Guindos said on Saturday (September 22nd): the Spanish government will submit the draft budget for 2013, the new structural reform program and the banking pressure test results next Thursday (September 27th).. He said that Spain will not rush to seek assistance to finance its debt, the government is still an important task to make efforts to reduce the deficit. He also said Spains banks needed 60 billion euros to pay off toxic assets on their balance sheets. At present, the Spanish government is heavily in debt, the effect of reducing the deficit is small, the banks bad debts pile up, the liquidity dependence of the European Central