SunSirs: China's Gold and Silver both Increased on May 8
May 09 2020 08:56:00 SunSirs (Linda)
Spot prices of Precious metals rose on May 8
According to SunSirs data, the spot prices of domestic precious metals, gold and silver, both rose on May 8. Among them, the spot price of gold rose by 0.97% daily and the spot price of silver rose by 2.71%.
Precious metals perform well in Chinese futures market
Domestic commodity futures were mixed, and precious metals are now showing signs of rising, with Shanghai silver rising more than 3% and Shanghai gold rising more than 1%.
Factors that influence the situation
1. On Friday night in Beijing time, investors will usher in the US non-agricultural employment report for April, which would be the worst one in American history. The high probability will consolidate the expectations of the market's bullish trend.
2. After the realization of non-agricultural expectations, wait and see the dynamic game between resumption of production and pandemic situation. But the price of gold is high, beware of the risk of unexpected profit selling.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-09 SunSirs: Gold Market Outlook for One Week (April 8-12)
- 2023-09-07 SunSirs: Expected Reduction in Crude Oil Production Fulfilled, and Where Are Precious Metal Prices Heading
- 2023-07-07 SunSir: Macroscopically Weak, More Non-ferrous Metals Declined and Less Non-ferrous Metals Increased in the First Half of the Year-III
- 2023-07-07 SunSir: Macroscopically Weak, More Non-ferrous Metals Declined and Less Non-ferrous Metals Increased in the First Half of the Year-II
- 2023-07-07 SunSir: Macroscopically Weak, More Non-ferrous Metals Declined and Less Non-ferrous Metals Increased in the First Half of the Year-I
