Canada) released a report last week showing that the Bank of England (BOE) is expected to raise interesWhen will the precious metals market closet rates by 25 basis points in November 2015. The previous forecast for the rate hike was August 2016. The report also pointed out that the UK is expected to hit the 7% unemployment threshold set by the central bank in the third quarter of 2014. The Bank of England may lower the unemployment rate threshold to 6.5% in its February inflation report.
The author believes that at present, gold will oscillate in the interweaving of long and short information and re-accumulate kinetic energy to prepare for a new high. It is recommended that investors can build positions according to their own risk tolerance. For the time being, wait and see temporarily and pay attention to the Shanghai Gold 912 contract. The 200 support has temporarily fallen. Pay attention to the support situation near 190. The price of gold is expected to accumulate upward momentum in the search for support. So be cautious and wait for the opportunity to buy.
After experiencing a round of price trends of skyrocketing and plummeting prices, investors' attention to silver and gold has not diminished at all, making many domestic exchanges plan to launch corresponding products. At the 2011 Lujiazui Forum, Yang Maijun, general manager of the Futures Exchange, revealed that the Shanghai Futures Exchange will launch silver futures trading as soon as this year to help investors avoid the huge risks brought by market fluctuations.
TD Commodity Analyst Mike Dragosits said that the data is only lower than the historical high of 89 metric tons set in December 2012, bringing the total volume to 272 metric tons in the four months from November 2012 to February 2013. In contrast, the price of gold fell from $1,740 to $1,560.
On that day, the price of silver futures for delivery in May fell sharply by US$2.099, or 4.45%, to close at US$45.05 per ounce. The price of platinum futures for delivery in July closed at US$1805.4 per ounce, a decrease of US$22.7 or 1.24% from the previous trading day.
In 2016, the global silver mine production recorded its first decline since 2002, mainly due to the decline in the production of by-products from the lead-zinc mine and gold industry. Coupled with the decline in the supply of recycled silver on the market, the lowest level When will the precious metals market closesince 1996, and the shrinking of manufacturers' hedging, the supply of silver for the whole year of 2016 decreased by 32.6 million ounces.
Due to the Federal Reserve's announcement to keep interest rates unchanged and Ben Bernanke's mild speech, the U.S. index plunged sharply during the intraday session. Spot gold broke a record high during midday in New York on Wednesday (April 27). It set a new record high for the eighth time in the last 9 trading days.
Although North Korea and South Korea are often caused by territorial disputes, they are less likely to evolve into large-scale wars and therefore have a relatively low impact on the price of gold. However, if there is a large-scale war between North Korea and South Korea due to major events in the future, major powers such as the United States and the United States will also be involved. At this time, the geopolitical crisis will drive the price of gold soaring. After the exchange of fire between North Korea and South Korea occurred, the reason why the price of gold rose sharply on that day was more because the market worried that the European debt crisis would spread to larger economies such as Spain, and Spain's short-term credit interest rate nearly doubled that day.
The National Australia Bank (NAB) research team said that overall, we believe that the current state of the U.S. economy implies that the Fed will take certain actions at the September policy meeting, but we believe that the Fed’s short-term communication strategy may focus more on very low interest rate guidance. Time limit, rather than adopting a larger third round of quantitative easing (QE3).