Kim Kyoungwha撰稿

9月3日（彭博社）--出于对5个多月来最大幅上涨可能刺激投资者出售黄金并锁定收益的投机，黄金下滑。

黄金昨日跳升2.3%至每盎司978.50美元，因为股市与美元下滑推升黄金作为另类投资的需求。黄金本年上涨了11%而美元指数下跌3.6%。

“我们应期望在大涨后出现一些获利回吐”，Toby Hassall，悉尼CWA全球市场的分析师说。“如果我们看到美元进一步显著下滑或股市继续疲软，那么我们可能在未来交易时段测试1000美元。”

立即交货的黄金下跌0.3%至每盎司975.25美元并且在新加坡时间上午9：35达到975.96美元。MSCI地区股票亚太指数下跌0.2%，跟随美国股指的下跌。

美元指数，作为6种货币对美元价值的估计，在昨天下跌0.4%后变动微小。

根据巴克莱资本，突破976美元意味着黄金可能已近恢复“牛市上涨”，初步目标1033美元，然后朝向记录高点1106美元。

“在18个月的区间交易后，黄金看起来恢复了上涨趋势，”分析师Jordan Kotick与MacNeil Curry昨天在一份报告中说。“历史地看，持续上涨的时机已经成熟。从季节角度看，9月是一年中最强的一个月。”

根据该公司网站，最大的以黄金为抵押的上市交易基金，SPDR黄金信托的存量昨天增加了1.53公吨至1063.36吨。

在其它立即交货的贵金属中，银基本没动为每盎司15.4075美元。铂金下跌0.1%至每盎司1229.25美元并且钯金下跌0.3%至每盎司285.50美元。

联系本故事记者：Kyoungwha Kim在新加坡Kkim19@bloomberg.net

最后更新：9月2日，2009年21：41EDT

西汉志：郑鹏

Gold Falls as Biggest Rally Since March Spurs Investors to Sell

By Kim Kyoungwha

Sept. 3 (Bloomberg) -- Gold declined from a three-month high on speculation the biggest rally in more than five months may spur some investors to sell holdings and lock-in gains.

Bullion jumped 2.3 percent to $978.50 an ounce yesterday, the biggest gain since March 18, as a decline in equities and the dollar helped fan demand for the precious metal as an alternative investment. Gold has rallied 11 percent this year while the dollar index is down 3.6 percent.

“We should expect some profit-taking after a big rally,” said Toby Hassall, an analyst with CWA Global Markets Pty in Sydney. “If we see a further significant decline in the U.S. dollar or perhaps more weakness in equity markets then I think we might test $1,000 in the coming trading sessions.”

Gold for immediate delivery fell as much as 0.3 percent to $975.25 an ounce and traded at $975.96 at 9:35 a.m. Singapore time. The MSCI Asia Pacific index of regional shares was down 0.2 percent, tracking an overnight drop in U.S. counterparts.

The Dollar Index, a gauge of the dollar’s value against six major currencies, was little changed after falling 0.4 percent yesterday.

Breaking through $976 means gold may have resumed a “bull run,” initially targeting $1,033 and then potentially a record high of $1,106, according to Barclays Capital.

“After eighteen months of range-trading, gold looks poised to resume its upside trend,” analysts Jordan Kotick and MacNeil Curry, wrote in a report yesterday. “Historically, the time is ripe for a sustained advance. September is the strongest month of the year from a seasonal perspective.”

Holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, increased 1.53 metric tons to 1,063.36 tons yesterday, according to the company’s Web site.

Among other precious metals for immediate delivery, silver was barely changed at $15.4075 an ounce. Platinum dipped 0.1 percent to $1,229.25 an ounce and palladium fell 0.3 percent to $285.50 an ounce.

To contact the reporter on this story: Kyoungwha Kim in Singapore at Kkim19@bloomberg.net

Last Updated: September 2, 2009 21:41 EDT